Federal Reserve System | ForkLog

ForkLog 20 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 33 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 11 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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ForkLog 25 18.02.2024

Fed Governor: Stablecoins Bolster the Dominance of the US Dollar

Approximately 99% of the total market capitalization of stablecoins is pegged to the US dollar, reinforcing its status as a reserve currency. This was stated by Christopher Waller, a member of the Board of Governors of the Federal Reserve. “People often assume that cryptocurrencies like Bitcoin could replace the US dollar as the world’s reserve […]

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ForkLog 14 14.02.2024

Bitcoin Unfazed by Diminished Prospects of Fed Policy Easing

Weaker-than-expected inflation deceleration shifted expectations for a Federal Reserve rate cut from May to June, yet had limited impact on Bitcoin. In January, the annual inflation index in the US stood at 3.1%. This figure surpassed the forecast of 2.9% but was an improvement from the previous month’s 3.4%. The likelihood of a Fed rate […]

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ForkLog 17 13.02.2024

US Inflation Exceeds Forecasts, Bitcoin Declines

In January, the US inflation index reached 3.1%. This figure surpassed the forecast of 2.9% but was an improvement over the previous month’s 3.4%. Experts noted that a slower pace towards the 2% target could influence the Fed’s policy on the key interest rate. BREAKING: Prediction markets are now pricing-in just 4 rate cuts in […]

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ForkLog 10 07.02.2024

Analyst Predicts Short-Term Correction in Cryptocurrency Market

The digital asset market is poised for a short-term correction as Bitcoin’s price has yet to reflect the Federal Reserve’s decision to delay a rate cut. This was stated by Jag Kooner, head of derivatives at Bitfinex, in an interview with The Block. “The cryptocurrency market may decline in the short term if market expectations […]

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ForkLog 11 31.01.2024

Federal Reserve Maintains Key Rate; Bitcoin Price Remains Stable

On January 31, 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 Fed, inflation has decreased over the past year but remains elevated. The agency also noted the low unemployment rate. In the long term, the Fed aims for 2% […]

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ForkLog 13 25.01.2024

US Treasury Plans and Their Impact on Bitcoin Dynamics

The upcoming Federal Reserve meeting on January 31 and the release of the US Treasury’s borrowing plans could influence liquidity levels and, consequently, the dynamics of the leading cryptocurrency. This was reported by analysts at QCP Capital. In the first instance, experts anticipate information on the pace of the central bank’s balance sheet reduction. A […]

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ForkLog 55 16.01.2024

Arthur Hayes Explores Arbitrage Opportunities Following Bitcoin ETF Launch

The approval of a Bitcoin ETF in the United States has paved the way for a range of strategies at the intersection of the cryptocurrency market and TradFi. This was highlighted by former BitMEX CEO Arthur Hayes in his blog post. Opportunities will arise in the following areas: the process of creating and redeeming ETFs; […]

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ForkLog 12 15.01.2024

Fidelity Sees Benefits for DeFi and Stablecoins in Potential Fed Rate Cuts

Institutions may renew their interest in DeFi products and stablecoins if yields in TradFi decline due to the policies of the Federal Reserve. This forecast was presented by Fidelity. Analysts noted that the Federal Reserve’s rate hikes have driven institutions away from the crypto space towards safer traditional fixed-income instruments. According to the report, DeFi […]

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ForkLog 7 13.12.2023

Fed holds key rate. Bitcoin barely moved.

On December 13, the U.S. Federal Reserve (Fed) held the target range for the federal funds rate at 5.25–5.5%.

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