Federal Reserve System | ForkLog

ForkLog 12 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 10 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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ForkLog 8 15.05.2024

Mike Novogratz Predicts Bitcoin to Reach $75,000 by June’s End

Bitcoin is currently consolidating within the $55,000–$75,000 range, with prices expected to reach the upper boundary by the end of the second quarter. This was stated by Galaxy Digital CEO Mike Novogratz, according to Cointelegraph. “Bitcoin, Ethereum, Solana, and other cryptocurrencies will consolidate […] until the next set of market events lifts us higher,” he […]

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ForkLog 11 08.05.2024

Bitcoin Finds Local Bottom at $56,500, Says Standard Chartered

The situation has improved, with Bitcoin establishing a minimum at $56,500, according to Standard Chartered, reports The Block. The institution’s experts revised their previous forecast, which anticipated a decline to the $50,000–52,000 range. Experts confirmed a target of $150,000 by the end of the year and $200,000 by the end of 2025. The changes were […]

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ForkLog 92 07.05.2024

Why do Federal Reserve decisions move bitcoin’s price?

What QE and QT are, and why they sway the crypto market.

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ForkLog 44 03.05.2024

Arthur Hayes Predicts Bitcoin Surge to $70,000 by Summer’s End

The recent 12% pullback in Bitcoin is a “necessary market cleansing,” and the price will surpass $60,000, though it will not stabilize above $70,000 by the end of August, according to former BitMEX CEO Arthur Hayes. “Mayday” is a brief discussion on the recent Fed, US Treasury, the bank bailout policies. It’s money printing disguised. […]

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ForkLog 22 01.05.2024

Federal Reserve Maintains Key Rate as Bitcoin Climbs to $58,000

On May 1, the United States Federal Reserve maintained its key interest rate range at 5.25–5.5% per annum. The decision aligned with market expectations. On April 10, the U.S. Bureau of Labor Statistics released a report on consumer prices, showing an index value higher than forecasted—3.5% compared to 3.4%. The cryptocurrency market reacted positively to […]

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ForkLog 13 01.05.2024

Experts See Potential for Cryptocurrency Market Recovery

The primary factors behind the current decline in cryptocurrency prices are stock market sell-offs and a strong dollar index. However, Bitcoin’s brief dip below $57,000 is seen more as a local correction than the onset of a bear phase, according to experts consulted by ForkLog. This analysis explores whether the market still holds potential for […]

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ForkLog 12 20.03.2024

Federal Reserve Holds Key Rate Steady as Bitcoin Shows Little Reaction

On March 20th, the United States Federal Reserve maintained its key interest rate range at 5.25–5.5% per annum. The decision aligned with market expectations. According to the Federal Reserve, inflation has decreased over the past year but remains high. The agency also noted the low unemployment rate. In the long term, the Federal Reserve aims […]

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ForkLog 19 12.03.2024

Impact of the Federal Reserve’s March Rate Decision on the Cryptocurrency Market: Expert Insights

Historically, Bitcoin has shown an inverse relationship with the Federal Reserve’s base rate. Analysts predict that the upcoming meeting of the regulator on March 20 could pose a significant barrier to the growth of the cryptocurrency market. In comments to ForkLog, experts explained the macroeconomic pattern and shared their forecasts. The Rate and Bitcoin U.S. […]

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ForkLog 31 12.03.2024

JPMorgan CEO: I Will Never Buy Bitcoin, But Support Others’ Right to Do So

JPMorgan CEO Jamie Dimon has urged the Fed to delay rate cuts until June and shared his views on the leading cryptocurrency. This was reported by CNBC citing the businessman’s speech at the Australian Financial Review summit. “I don’t know what Bitcoin is for, but just like the right to smoke a cigarette, I support […]

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ForkLog 7 08.03.2024

Federal Reserve Chair: Digital Dollar Will Not Be a Surveillance Tool

The Federal Reserve is not ready to launch a digital dollar and is not interested in a form that would allow for citizen surveillance. This was stated by the head of the regulator, Jerome Powell, during hearings in the U.S. Senate. “I want to say that we are far from recommending or, even more so, […]

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