Crypto News Today
The global financial markets breathe as the US Federal Reserve ends a two -day policy meeting today. Investors are eagerly awaiting fresh projections and signals about trajectory interest rates against the rear of altered trade tensions and ongoing inflationary risks. The central bank is widely expected to retain the benchmark interest rate that does not … Read more
This year we can see another interest rate, says Fed Governor Christopher Waller. The FED made three interest cuts in 2024, with the first aggressive 50 BP (base point) in September, a 25 -BP reduction in November and another 25 BP in December. However, Waller admits that these cuts did not have the desired effect. … Read more
Jerome Powell is clarifying him: there will be no digital dollar or a digital currency supported by Us Central (CBDC) under his leadership. Taking testing in front of the Senate Banking Committee on February 11, Powell stressed that no digital dollar is in progress and confirmed that the approval of the congress would be mandatory … Read more
Why did encryption decline? Federal Reserve Chairman Jerome Powell’s latest monetary policy update hit the cryptocurrency markets like a hammer. Bitcoin, which had crossed the $100,000 line, stumbled, falling 4.6% to $101,300 after the 25 basis point interest rate cut was announced. Ethereum followed suit, falling 5.96% and landing at $3,600 in the aftermath. What’s … Read more