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FOMC
Bitcoin Clings to $29K as Strategist Expects the Fed Has a Lot 'More Room to Hike'
The markets are widely expecting the central bank's Federal Open Market Committee to hike the benchmark borrowing rate by 25 basis points later today. Maple Head of Growth and Capital Markets Quinn Thompson discusses what this could mean for bitcoin (BTC) and the wider crypto markets. Plus, his outlook for the U.S. spot bitcoin ETF race.
Bitcoin Breaks Below Key Technical Indicator, but Appears Poised to Continue Its Flat Trajectory
Wednesday’s Federal Reserve likely decision to raise the interest rate 25 basis points appears to be priced into crypto markets
Crypto Catalysts: Rate Hike Looms as FOMC Begins Latest Monetary Policy Deliberations
The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks. The Personal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.
Bitcoin, Ether Headed Toward Losing Months in Usually Upbeat July
BTC could suffer its second monthly downturn of 2023, while ether seems headed for its first losing month.
Initial Jobless Claims Suggest Continued Fed Tightening, but Investors Appear Unfazed
Bitcoin investors have been unmoved by recent macroeconomic data. Muted reactions suggest that they’ve already priced in much of what has occurred
Can Bitcoin Break Out of Its Funk? The Answer Appears to Be No
While overall bitcoin and ether price performance have been strong in 2023, it’s largely been a first quarter story
Are Bitcoin Miner Sales Preventing Breakout to Higher Prices?
Today’s downside breach below the current low point of Bollinger Band bears watching for even weaker prices in the near future.
XRP Moves Into the Weekly Spotlight, Dwarfing Other Crypto Assets
Along with XRP’s strong week, 172 of 186 CoinDesk Indices assets finished in positive territory
Bitcoin, Ether Maintain Their 2023 Decoupling from Traditional Finance
As bitcoin and ether assert themselves as uncorrelated assets, the impact of macroeconomic catalysts has waned
Bitcoin Shrugs Off Solid Inflation Report, Holds Steady Over $30K
While hourly data showed increased volatility, bitcoin’s daily price movement was relatively calm
