Federal Reserve System | ForkLog

ForkLog 158 07.05.2024

Why do Federal Reserve decisions move bitcoin’s price?

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

AI translated

ForkLog 56 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. […]

AI translated

ForkLog 30 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 […]

AI translated

ForkLog 14 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 […]

AI translated

ForkLog 16 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 […]

AI translated

ForkLog 23 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. […]

AI translated

ForkLog 39 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 […]

AI translated

ForkLog 13 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, […]

AI translated

ForkLog 28 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 […]

AI translated

ForkLog 15 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 […]

AI translated

ForkLog 18 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 […]

AI translated

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 […]

AI translated

#Federal Reserve System