Federal Reserve


Policy

Fed Dramatically Speeds Up U.S. Payments With FedNow, but Downplays Any Tie to CBDCs

Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar.

Fed Chair Jay Powell is set to speak after the central bank held policy steady (Helene Braun/CoinDesk)

Markets

Bitcoin Remains Under Pressure Below $30K Following U.S. Retail Sales Numbers

Thursday's rally to a new 13-month high of $31,800 has now more than been fully nullified.

Bitcoin daily price chart. (CoinDesk Indices)

Markets

Crypto Catalysts: Investors to Weigh Jobs, Retail Sales, Production Data for Latest Inflation Signals

The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.

Federal Reserve Board Building (AgnosticPreachersKid/Wikimedia)

Markets

Even as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K

Wednesday's CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might've thought would drive BTC's price higher.

(JESHOOTS.COM/Unspalsh)

Finance

U.S. Added 209K Jobs in June, Missing Expectations for 230K

The unemployment rate fell to 3.6% versus 3.7% in May and against expectations for 3.7%.

The government's jobs report for January was released Friday (David McNew/Getty Images)

Videos

Bitcoin Unfazed After FOMC Minutes; Valkyrie Refiles for Spot Bitcoin ETF

“CoinDesk Daily” host Jennifer Sanasie explores the hottest stories in crypto, as bitcoin (BTC) remains little-changed after the Federal Reserve's latest meeting minutes are released. Valkyrie refiled its application for a spot bitcoin ETF with the SEC. And, Gemini co-founder Cameron Winklevoss tweets a "final offer" to DCG CEO Barry Silbert. DCG is the parent company of both Genesis and CoinDesk.

Recent Videos

Markets

Crypto Catalyst Watch: FOMC Minutes, Jobs Numbers Lead Busy Slate of Economic Releases

In addition, the national ISM manufacturing survey, released during the long July 4 weekend, fell to its weakest level since May 2020.

La economía del token de ether se vería favorecida con solo una pequeña recuperación económica. (Pixabay)

Markets

Bitcoin Prices Are Hot, but Here’s What Could Crush the Rally

BTC has proved incredibly resilient to the perils of the past year, including FTX’s demise. But there are some macroeconomic surprises that could erect obstacles to further gains.

(Paul Fiedler/Unsplash)

Markets

Bitcoin Steady Near $31K After Options Expiry; Dollar Index Rises Before Key U.S. Inflation Data

With the expiry done, the supposed price magnet at $26,500 from the max pain point is gone and prices could resume the upward journey, a common pattern during the bull market days of 2021.

Bitcoin price. (CoinDesk/Highcharts.com)

Markets

Bitcoin Hovers Over $30.3K Despite Renewed Inflation Worries

In comments Thursday at a Madrid event on financial stability, Fed Chair Jerome Powell said that “it will take time for the full effects of monetary restraint to be realized.”

Bitcoin daily chart. (CoinDesk Indices)