Federal Reserve System | ForkLog

ForkLog 11 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 8 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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ForkLog 8 27.08.2024

Bitcoin Expected to Trade Sideways Between $62,000 and $67,000

Market uncertainty is likely to keep the price of the leading cryptocurrency within a narrow range of $62,000 to $67,000 in the near term, according to QCP Capital. QCP: Post-Jackson Hole, the desk saw aggressive Call Spread buying, but also witnessed heavy selling of calls around the 100k strike out to Mar 2025. While the […]

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ForkLog 8 26.08.2024

Fed Rate Cut Signals Boost Crypto Inflows to $543 Million

Inflows into cryptocurrency investment funds reached $543 million from August 18 to 24, up from $30 million the previous week, according to CoinShares. Data: CoinShares. Analysts attributed the strengthening positive trend to Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium, during which he confirmed the possibility of a key rate cut in […]

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ForkLog 13 22.08.2024

Dovish Fed Minutes Boost Bitcoin Bullish Sentiment

Open interest in bitcoin futures surged from $30.21 billion to $31.92 billion following increased prospects of a Fed policy easing in September. The reduction in selling pressure from Mt.Gox clients and the German government, combined with heightened volatility, set the stage for renewed growth. Overbought conditions in several technical indicators could pose a challenge. On […]

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ForkLog 30 17.08.2024

Robert Kiyosaki Criticizes the Fed, Urges Bitcoin Investment

Author of the bestseller “Rich Dad, Poor Dad” and entrepreneur Robert Kiyosaki has criticized the U.S. Federal Reserve and once again urged the purchase of gold, silver, and the leading cryptocurrency. WHY do people look to the Fed for guidance? The Fed is the problem. People as “Are we in recession?” All a person needs […]

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ForkLog 15 14.08.2024

US Inflation Slows Further as Bitcoin Dips Below $60,000

In July, annual inflation in the United States reached 2.9%, down from 3% the previous month. This figure surpassed market expectations, which had anticipated a continuation of the previous growth rate. On a monthly basis, the consumer price index rose by 0.2% following a 0.1% decline in June. This result matched the consensus forecast. Excluding […]

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ForkLog 16 13.08.2024

Arthur Hayes Predicts Bitcoin Surge to $100,000 by Year-End

The value of the leading cryptocurrency is expected to recover from a yen-induced decline and rise to $100,000. This forecast was presented by former BitMEX CEO Arthur Hayes. In a new essay, the expert explained the impact of U.S. Treasury borrowing and the monetary policy of the Fed on the amount of available liquidity for […]

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ForkLog 23 05.08.2024

The Fed’s pivot: when to expect it and how rate cuts could affect crypto

At the end of July, the US Federal Reserve kept the key rate at a historic 5.25–5.5%. Many market participants nonetheless expect a “Fed pivot” as early as September. What it is—and why lower rates will not necessarily benefit crypto—explains Oleg Cash Coin. COVID correlation For most of the time, the crypto market correlates with […]

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ForkLog 9 31.07.2024

Federal Reserve Maintains Key Rate; Bitcoin Dips to $66,400

On July 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. On July 11, the U.S. Bureau of Labor Statistics released a report on consumer prices, revealing an index value below the forecast—3% compared to the anticipated 3.1%. The cryptocurrency market reacted […]

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ForkLog 7 25.07.2024

US Senator Proposes Bill to Include Bitcoin in National Reserves

US Senator Cynthia Lummis plans to introduce a bill mandating the Federal Reserve to incorporate Bitcoin into its foreign exchange reserves, according to sources cited by FOX Business. The Wyoming representative is expected to unveil her initiative at the upcoming Bitcoin Conference before a speech by presidential candidate Donald Trump. Lummis’s team anticipates his support. […]

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ForkLog 5 24.07.2024

Former Fed Official Urges Rate Cut in July

The Fed should lower rates, preferably at the meeting on July 31. This was reported by former New York Fed President William Dudley to Bloomberg. The ex-official acknowledged that he previously believed in maintaining monetary policy to combat inflation, but due to new circumstances, he has abandoned his former stance. The expert noted the impact […]

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