Jerome Powell saves the day The bulls have to work harder The Bitcoin price has experienced a swift recovery along with the U.S. stock market after the Federal Reserve made an announcement about buying individual corporate bonds (on top of ETFs). The price of the top cryptocurrency surged to an intraday high of $9,459 Read more…
Policymakers around the world have committed unprecedented amounts of fresh money in a bid to stave off an impending recession, or worse: a total depression. In the United States, the Senate approved a $2 trillion stimulus package in late March, and the House of Representatives has now accepted a proposal from House Democrats for Read more…
Fascination and enthusiasm for Bitcoin is running red-hot. And it’s not hard to see why. On the pretext of pandemic panic, the U.S. Federal Reserve is printing and spending $41 billion a day. Altogether, the Fed and other central banks will create more than $6 trillion in new money in 2020. This Read more…
(Reuters) – Traders of short-term U.S. interest-rate futures on Wednesday reduced bets the Federal Reserve will take the unprecedented step of pushing interest rates below zero after Fed Chair Jerome Powell said that negative interest rates are not under consideration. Even so, futures contracts maturing in April 2021 and later Read more…
Ledger matched a record sales day when the Fed cut rates and announced a quantitative easing program. Since the announcement, the cryptocurrency market has gone up. The Bitcoin block reward halving may be driving more consumer and institutional interest into the crypto market. On March 15, the decision by the Read more…
Cryptocurrency markets stabilized as traditional financial markets found some footing Tuesday. Most crypto prices have been in the green over the past 24 hours. Bitcoin (BTC) is hovering in the $5,000-$5,500 area as of 19:00 UTC (3 p.m. ET) on March 17. It’s the same area where the cryptocurrency spent the Read more…