Federal Reserve System | ForkLog

ForkLog 9 23.09.2024

Peter Brandt Predicts Bitcoin’s Surge Against Gold

In 2025, digital gold could potentially increase fivefold in value compared to its physical counterpart. This conclusion was drawn by technical analyst and head of Factor LLC, Peter Brandt. When I look at chart of Bitcoin/Gold ratio, here is how I view it: $GC_G $BTC $BTCXAU1. Continuation inverted H&S pattern, neckline at 32.5 to 12. […]

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ForkLog 9 20.09.2024

Expert Analyzes Yen’s Impact on Bitcoin’s Trajectory

The depreciation of the yen against the dollar has bolstered risk appetite in the segment of risky assets, thereby supporting Bitcoin. This was stated by derivatives trader Gordon Grant to The Block. The specialist explained the rally of the leading cryptocurrency, which surged over 8% following the Federal Reserve’s 50 basis point rate cut. On […]

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ForkLog 53 18.09.2024

Bitcoin Tests $61,000 Amid Fed Rate Cut

On September 18, the United States Federal Reserve lowered the target range for the federal funds rate to 4.75–5% per annum. This marks the first reduction since March 2020. The decision aligned with market expectations. “Recent indicators suggest that economic activity continues to expand at a solid pace. Job gains have slowed, and the unemployment […]

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ForkLog 11 18.09.2024

Vitalik Buterin Highlights Rollup Accessibility Amid Fee Decline

Transaction fees on Ethereum’s Layer 2 have plummeted to “almost zero,” marking a significant milestone for digital assets, according to blockchain co-founder Vitalik Buterin, reports Cointelegraph. “From $0.5-10, we’ve moved to $0.01, practically zero. Optimism and Arbitrum — the two main layers of Ethereum — have reached this important milestone. […] Rollups are quickly becoming […]

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ForkLog 7 16.09.2024

Hopes for a 50 Basis Point Fed Rate Cut Revive Crypto Fund Inflows

Inflows into cryptocurrency investment funds amounted to $436 million from September 8 to 14, following an outflow of $726 million the previous week, according to CoinShares. Data: CoinShares. Analysts attributed the reversal in dynamics to a sharp increase in expectations for a 50 basis point cut in the interest rate by the Fed. The likelihood […]

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ForkLog 40 13.09.2024

Economist Predicts ‘Sell the News’ Scenario Following Fed Meeting

The potential 25 basis point rate cut by the Fed during the September 18 meeting is already priced in by the market and may lead to a ‘sell the news’ reaction in risk assets. This was stated by Johns Hopkins University economist Steve Hanke in a conversation with The Block. “The market already expects a […]

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ForkLog 47 11.09.2024

US Inflation Slows as Bitcoin Struggles to Hold $56,500

In August, the annual inflation rate in the US stood at 2.5%, down from 2.9% the previous month. This figure matched market expectations. On a monthly basis, the consumer price index rose by 0.2%, consistent with July’s increase. The result aligns with the consensus forecast. Excluding food and energy prices, the index increased by 0.3% […]

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ForkLog 7 06.09.2024

Diverging Views on Bitcoin’s September Prospects

The reduction of the Federal Reserve’s key interest rate and the resilience of the US economy in September may have a greater impact on Bitcoin’s price than the typically negative seasonality of this month. This was stated by Cointelegraph by Tyr Capital’s CIO Ed Hindi. “The chances of the first cryptocurrency closing the month above […]

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ForkLog 7 04.09.2024

Arthur Hayes Predicts Bitcoin Correction to $50,000

The price of the leading cryptocurrency could correct to $50,000, with altcoins potentially depreciating even more. This forecast was presented by former BitMEX CEO Arthur Hayes. According to him, this scenario will remain relevant until the Federal Reserve’s meeting in September. The pressure factor will persist in the money market, where yields on reverse repo […]

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ForkLog 2 04.09.2024

Bitfinex Predicts Bitcoin Could Fall to $40,000

The price of the leading cryptocurrency could plummet to $40,000 following a Federal Reserve rate cut in a bearish scenario, according to Bitfinex, as reported by CoinDesk. Experts believe that a 25 basis point policy easing would be positive for markets. However, a 50 basis point cut might initially lead to a 5–8% surge, followed […]

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ForkLog 9 03.09.2024

Arthur Hayes Attributes Bitcoin’s Decline to Liquidity Shortage

The spread between reverse repo operations o/n and the yield on four-week US Treasury bills at ~0.9% limits the liquidity available for purchasing risk assets like Bitcoin, according to former BitMEX CEO Arthur Hayes. My theory on why Fed rate cuts aren’t going to plan. Since JAYPOW annc Sept rate cut at J-Hole, $BTC down […]

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ForkLog 7 02.09.2024

Robust Economic Data Triggers Outflow from Crypto Funds

From August 25 to 31, cryptocurrency investment funds experienced an outflow of $305 million, following an inflow of $543 million the previous week, according to CoinShares. Data: CoinShares. Analysts attributed the reversal in dynamics to macroeconomic data from the US, which reduced the likelihood of a 50 basis point rate cut by the Fed. Experts […]

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