This weekend, cryptocurrencies dropped as investors reacted to a more cautious Federal Reserve, which indicated it might cut interest rates less than previously expected in 2025. Bitcoin fell about 4% to around $93,260, after reaching over $102,000 last Thursday. Other cryptocurrencies like Dogecoin and XRP also saw declines. The Market was surprised by the Fed’s ...
Cryptocurrencies experienced a decline this weekend as investors reacted to the Federal Reserve’s more hawkish stance, anticipating fewer interest rate cuts than expected for 2025. Bitcoin, the largest cryptocurrency, fell about 4%, trading around $93,260 after previously peaking over $102,000. Other cryptocurrencies, including Dogecoin and XRP, also saw significant drops. Despite some positive news regarding ...
U.S. stock index futures showed little movement on Monday following the last-minute approval of a government funding bill that prevented a shutdown. Investors are closely analyzing the Federal Reserve’s new outlook on interest rate cuts for 2025, which suggests only two reductions instead of the previously expected four. This shift reflects a stronger economic outlook, ...
U.S. stock index futures showed mixed signals on Monday following a late government funding bill that prevented a shutdown ahead of the holiday season. Investors are analyzing the Federal Reserve’s revised forecast on interest rate cuts, now projected to be two reductions in 2025 instead of the previously anticipated four. Despite recent Market fluctuations, a ...
Yesterday, the Federal Reserve cut interest rates by 25 basis points, leading to a Market downward trend, particularly impacting Bitcoin, which fell 8% but managed to stay above $98,000. Notably, a major Bitcoin whale moved over 72,000 BTC, prompting speculation about a possible Market peak. Analysts are now questioning whether this is just a temporary ...
Yesterday, the Federal Reserve cut interest rates by 25 basis points and suggested fewer cuts next year, leading to a Market drop. Bitcoin fell 8% from its peak, testing liquidity at $98,000 before recovering slightly. Coinciding with this, data showed that a major Bitcoin whale transferred over 72,000 BTC, sparking speculation about a Market top. ...
Bitcoin (BTC) recently experienced a drop to around $96,000 after the Federal Reserve announced fewer anticipated interest rate cuts for 2025. This decline followed a peak of nearly $108,266 earlier in the week. Traders noticed a bearish crossover, where the 50-hour moving average fell below the 200-hour moving average, a pattern that has historically indicated ...
Former U.S. Treasury Secretary Lawrence Summers criticized the idea of a national Bitcoin reserve, calling it “crazy” during an interview on Bloomberg Television. This comes amid rising Bitcoin prices, partially fueled by President-elect Donald Trump’s plan for a crypto-friendly administration that may include a federal Bitcoin stockpile to address national debt and boost the economy. ...
Former U.S. Treasury Secretary Lawrence Summers criticized the idea of a national Bitcoin reserve, calling it “crazy.” This response comes amidst discussions surrounding President-elect Donald Trump’s proposal to build a crypto-friendly administration, including plans to stockpile Bitcoin as a national asset. Proponents, like Senator Cynthia Lummis, suggest a strategic reserve of Bitcoin could help reduce ...
On December 18, 2024, the Federal Reserve’s unexpected announcement to limit interest rate cuts sent shockwaves through Wall Street, causing the CBOE Volatility Index, or VIX, to spike by 74%—marking one of the largest percentage increases in its history. This surge reflected heightened investor fear, with the VIX closing at 27.62, up from around 15. ...
