
Federal Reserve Chair Jerome Powell Confirms No Plans For US CBDC During His Tenure
Fed Chair Powell ruled out a US CBDC under his tenure, backing the Trump administration’s push for stablecoins over digital fiat.
Fed Chair Powell ruled out a US CBDC under his tenure, backing the Trump administration’s push for stablecoins over digital fiat.
Following the Federal Reserve’s decision to maintain interest rates at 4.25%-4.5%, Bitcoin and altcoins gained 3% each triggering hopes of February rally.
The M2 Money Supply has continued to grow with potential upside for Bitcoin and risk assets.
In a significant move, Trump established a new cryptocurrency working group without the Federal Reserve and FDIC, sparking industry discussions about regulatory approach and financial innovation.
The crypto market has already priced in the Fed rate cut, and historical data suggests Bitcoin could gain an extra 35% within two months after a 50% surge over 60 days.
The US Federal Reserve reduced its interest rate by 25 basis points on Thursday, in a decision did not exactly come as a surprise.
The Federal Reserve Bank of Minneapolis suggested that Bitcoin should be banned or taxed to help governments maintain permanent deficits and prevent fiscal imbalances.
Crypto investors will be watching two major macro developments this week that includes the Fed Chair Jerome Powell speech and the upcoming US non-farm payrolls report on Friday.
Japan’s interest rate decision highlights the differing monetary strategies between two economic powerhouses – Japan and the US.
The demand for Bitcoin has gradually increased in the recent past as shown by the U.S. spot BTC ETFs in the past two weeks and multi-year low in CEXs supply.
The upcoming Federal Reserve meeting is crucial for the crypto market, with experts predicting a rate cut that could drive prices up.
Despite his concerns about the broader market impact, Hayes sees potential opportunities within the cryptocurrency sector.
After steady economic growth as showcased by economic data, the Federal Reserve now have the basis to cut interest rate
The FED changing its mandate to support the labor market is what markets have been waiting for. Lower rates reduce borrowing costs, encourage speculation, and increase the system’s liquidity.
The US semiconductor-related stock prices tumbled in the past 24 hours on reports of regulatory oversight, thus impacting the entire AI-related crypto projects.