Federal Reserve System | ForkLog

ForkLog 8 10.07.2024

Bitcoin Rallies Following Fed Chair’s Remarks

The price of the leading cryptocurrency climbed back above $59,000 following a speech by Federal Reserve Chair Jerome Powell in the Senate. Bitcoin’s value rose by 3.3% over the past day. The market capitalization increased by 2.5%, reaching $2.23 billion. Data: CoinGecko. Ethereum’s price exceeded $3100. Despite a 7.6% decline over the past week, it […]

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ForkLog 5 09.07.2024

Citi Predicts Fed Rate Cuts to Begin in September

Starting in September and continuing for the next seven consecutive meetings until July 2025, the Federal Reserve will reduce the key rate eight times by 25 basis points each, totaling a 2% decrease. This was stated by Citi analysts, according to Fortune. Subsequently, the regulator will maintain the key rate at 3.25% until the end […]

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ForkLog 7 17.06.2024

Investors Withdraw $621 Million from Bitcoin Products Following Federal Reserve Shock

The outflow from cryptocurrency investment products between June 8 and June 14 amounted to $600 million, including $621 million from bitcoin-based products, according to calculations by CoinShares. These figures were the highest since March 2024, equivalent to a third of the inflows from the previous week. Data: CoinShares. The total volume of assets under management […]

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ForkLog 7 13.06.2024

10x Research Predicts Bitcoin Rally Amid Fed’s Policy Shift

Bitcoin is poised to resume its upward trajectory as inflation eases, according to 10x Research, reports CoinDesk. “Our recommendation remains unchanged: stick with the winners (Bitcoin) and avoid the others (Ethereum and others). Our previous analysis showed that a decline in the consumer price index typically leads to an increase in the price of the […]

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ForkLog 12 12.06.2024

Federal Reserve Holds Key Rate Steady as Bitcoin Dips Below $69,000

On June 12, the U.S. Federal Reserve maintained its key interest rate range at 5.25–5.5% per annum. The decision aligned with market expectations. On the same day, the U.S. Bureau of Labor Statistics released its consumer price report. The index value was below the forecast—3.3% compared to 3.4%. The cryptocurrency market reacted negatively to the […]

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ForkLog 6 12.06.2024

Bitcoin Eyes Return to $70,000 as Inflation Slows

In May, annual inflation in the United States slowed from 3.4% to 3.3%, falling short of the consensus forecast of 3.4%. This marks the lowest rate since April 2021. On a monthly basis, the consumer price index remained unchanged, defying expectations of a 0.3% increase and matching April’s figure. Excluding food and energy prices, the […]

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ForkLog 54 12.06.2024

K33 Research Warns of High Risk for Crypto Traders Ahead of Fed Meeting

The cryptocurrency market is “highly exposed to risk” ahead of key inflation data and the Federal Reserve meeting. The Committee’s rate trajectory forecast and Jerome Powell’s press conference predictions will significantly impact prices. Clients of unregulated crypto derivatives platforms remain “highly exposed to risk,” increasing the potential for long liquidations ahead of key macroeconomic events, […]

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ForkLog 8 10.06.2024

Investors Inject $2 Billion into Bitcoin Products

From June 1 to June 7, cryptocurrency investment products saw an inflow of $2.04 billion, with Bitcoin-based products accounting for $1.973 billion, according to calculations by CoinShares. In both cases, the weekly figures matched the totals for the entire previous month. Data: CoinShares. Analysts attributed the accelerated pace to expectations of a monetary policy easing […]

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ForkLog 9 07.06.2024

Have you seen America’s national debt? What the stablecoin market says

The global economy is undergoing a transformation, with new trends emerging in central banks’ monetary policy. One promising avenue for crypto is investment in US Treasury securities. ForkLog examines how America’s public debt became collateral for stablecoins and the prospects for RWA projects in this corner of traditional finance. How public debt builds up According […]

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ForkLog 5 07.06.2024

Arthur Hayes Advocates Bitcoin Investment Amid Rate Cut Cycle

Long positions in Bitcoin, and later in altcoins, are advisable, according to former BitMEX CEO Arthur Hayes, who cited a shift in the macroeconomic landscape in his recommendation. The expert highlighted the outcomes of the G7 finance ministers and central bank governors’ meeting. One topic discussed was the weakness of the Japanese yen against other […]

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ForkLog 10 15.05.2024

US Inflation Slows, Bitcoin Holds Above $64,000

Annual inflation in the United States slowed to 3.4% in April from 3.5%, aligning with consensus forecasts. On a monthly basis, the consumer price index rose by 0.3%, compared to expectations of 0.4% and the same figure for March. Excluding food and energy prices, the index increased by 0.3% from the previous month and by […]

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ForkLog 8 15.05.2024

Analyst Identifies Key Condition for Bitcoin to Reach $100,000 in 2024

Bitcoin’s path to a $100,000 valuation hinges on a single factor tied to the U.S. Federal Reserve. This was stated by Timothy Peterson, an analyst at Cane Island Alternative Advisors, in an interview with Cointelegraph. “The yield on U.S. high-yield speculative-grade bonds serves as an excellent indicator. It actually needs to fall below 6% or […]

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