Federal Reserve System | ForkLog

ForkLog 23 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 12 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 16 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 52 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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ForkLog 8 17.11.2023

Experts Predict Capital Inflows Into Bitcoin After Fed Pivot

Bitfinex: the Fed's shift from tightening to easing monetary policy could have a positive impact on cryptocurrencies.

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ForkLog 14 14.11.2023

US inflation slows; Bitcoin fails to react to macro data

Year-over-year inflation in the United States for October slowed to 3.2%, below the consensus forecast of 3.3%. This is the first decline in the metric in four months.

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ForkLog 13 01.11.2023

Fed Holds Key Rate; Bitcoin Reacts Tepidly

On November 1, the U.S. Federal Reserve kept the target range for the federal funds rate at 5.25% to 5.50%.

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