Federal Reserve
Bitcoin and ether lost around 3% and 5% over 24-hours, respectively, erasing Monday’s gains, after the first day of spot ETF trading in Hong Kong left much to be desired
Custodia’s battle is the latest of several crypto-centric cases that may set the tone for how the industry interacts with regulators
Martin Grant worked with the Fed for roughly 30 years before leaving his position in 2022
Bitcoin retook $68,000 Thursday, rallying close to 4% in 24-hours while ether gained 2% to sit around $3,400
Plus: The Tornado Cash case continues and Farcaster’s devs are now unicorns
Interest rates hold steady for fifth-consecutive FOMC meeting as Fed calls for three cuts later this year
Bitcoin started another record-setting week Monday, hitting a price of $72,846.65 according to Coinbase
The end of the Federal Reserve’s Bank Term Funding Program is set to come after the launch of bitcoin ETFs and before the bitcoin halving
The S&P 500 and Nasdaq Composite gained 1.2% and 1.7%, respectively, while bitcoin and ether inched their way into the green
January’s core personal consumer expenditures index, which excludes volatile food and energy prices, showed a 0.4% month-over-month increase and a 2.8% increase over the year
Bitcoin moved 1% higher Monday morning in New York, Matrixport analysts say $62,000 could happen next month
January’s consumer price index, which broadly measures goods and services across the country, rose 0.3% from December
Even amid a series of high-profile layoff announcements in the tech and media sectors, initial jobless claims filed last week came in slightly lower than expected
Investors are questioning how to interpret a dovish Fed and conflicting economic data
The US labor market added more jobs than expected in January, leaving analysts and investors doubting that an interest rate cut will come in March
Markets dipped during Powell’s Wednesday press conference but recovered Thursday to around pre-rate decision levels
The Fed opts to hold rates for a fourth consecutive time, citing high job openings and slightly improving inflation
Bitcoin bounced modestly Tuesday, hovering back around $43,500 after its selloff earlier this month
Bitcoin pared losses from the weekend Tuesday, inching back into the green after a disappointing week trading on ETF news
The January effect has definitely not been in play so far, but if all goes according to plan, analysts’ high 2024 predictions could come true after all
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