Federal Reserve System | ForkLog

ForkLog 5 11.12.2024

US Inflation Accelerates as Bitcoin Surges Past $100,000

In November, annual inflation in the United States reached 2.7%, up from 2.6% the previous month, aligning with market expectations of 2.7%. On a monthly basis, the consumer price index rose by 0.3%, compared to 0.2% in October. The consensus forecast had anticipated a 0.3% increase. Excluding food and energy prices, the index rose by […]

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ForkLog 11 05.12.2024

Jerome Powell Compares Bitcoin to Gold

The Chairman of the United States Federal Reserve, Jerome Powell, regards Bitcoin as a speculative asset, akin to gold. The official made this statement on November 4 at the DealBook summit. BREAKING: ?? Fed Chair Jerome Powell says #Bitcoin is a competitor to gold, not the US dollar. pic.twitter.com/YQHFiThTBo — Bitcoin Magazine (@BitcoinMagazine) December 4, […]

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ForkLog 6 21.11.2024

Seen this film before: how crypto’s 2024 echoes 2016

Donald Trump is heading to the White House, bitcoin is taking up more space in investors’ portfolios, and altcoins still refuse to rally. We read such headlines both today and exactly eight years ago. Oleg CashCoin explains why 2024 looks uncannily like 2016, where it differs and what follows. Waiting for Trump In 2016 Donald […]

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ForkLog 6 15.11.2024

Fed Chair’s Remarks Push Bitcoin Below $87,000

In the early hours of November 15, Bitcoin tested levels below $87,000. The catalyst was remarks by Federal Reserve Chair Jerome Powell about the lack of urgency in easing monetary policy. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, the price had returned to $88,000. The daily decline rate decreased to 1.2%. […]

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ForkLog 31 13.11.2024

US Inflation Meets Expectations as Bitcoin Surpasses $93,000

In October, annual inflation in the United States reached 2.6%, up from 2.4% the previous month. This figure aligned with market expectations of 2.6%. 13 November 2024 | 17:43Update: Following the release of US inflation data, Bitcoin briefly hit $91,000, setting a new all-time high. 5-minute BTC/USDT chart on Binance. Data: TradingView. 13 November 2024 […]

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ForkLog 5 11.11.2024

Cathie Wood Advocates for SEC Easing, Elon Musk Supports Fed Closure

The founder and CEO of ARK Invest, Cathie Wood, has predicted an influx of investments in cryptocurrencies and new technologies following a “changing of the guard” at the SEC and the FTC. Deregulation (defanging the SEC, FTC, and others), government spending cuts (making room for the private sector), tax cuts, and a focus on technologically […]

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ForkLog 8 07.11.2024

Bitcoin Holds Above $76,000 as Fed Cuts Rates Again

On November 7, the United States Federal Reserve reduced the target range for the federal funds rate by 25 basis points to 4.5-4.75% per annum. This marks the second such move following a 0.5% cut in September.

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ForkLog 4 14.10.2024

Trump’s Rising Election Prospects Revitalize Crypto Fund Inflows

Inflows into cryptocurrency investment funds from October 6 to 12 amounted to $407 million, contrasting with an outflow of $147 million the previous week, according to data from CoinShares. Data: CoinShares. Experts suggest that the shift in the U.S. presidential race dynamics influenced investor decisions, rather than macroeconomic data releases or changes in the outlook […]

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ForkLog 6 01.10.2024

Fed Chair Signals Further Rate Cuts

The Chairman of the United States Federal Reserve (Fed), Jerome Powell, has signaled further reductions in the key interest rate to stimulate economic growth and boost employment, reports WSJ. According to the senior official, despite current economic challenges, the overall situation in the country remains stable and inspires cautious optimism regarding future prospects. He noted […]

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ForkLog 11 30.09.2024

FalconX Highlights Benefits of Fed Rate Cuts for Ethereum

By mid-2025, the Federal Reserve’s Fed key rate is expected to fall below the yield from staking in Ethereum, potentially boosting the price of the second-largest cryptocurrency by market capitalization. This conclusion was reached by FalconX. The spread between these two parameters has remained negative since mid-2023. At the end of 2022, following the collapse […]

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ForkLog 6 30.09.2024

Fed Chair’s Speech and US Employment Data to Influence Bitcoin’s Trajectory

The upcoming speech by Federal Reserve Chair Jerome Powell on September 30 and the US employment report at the end of the week are poised to be pivotal factors for the cryptocurrency market in the coming days, according to The Block. Rachel Lucas from BTC Markets attributed the retreat from the $66,500 mark reached on […]

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ForkLog 16 24.09.2024

Ethereum Surpasses Bitcoin in Growth Following Fed Rate Cut

The second-largest cryptocurrency by market capitalization has outpaced Bitcoin in price growth following the recent 50 basis point rate cut by the Fed.

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