The dollar’s appreciation may be attributed to the Federal Reserve raising interest rates. As the supply of dollars dwindles, investors will have less money for riskier assets. Bitcoin is struggling to compete against the US currency. On Friday, the dollar index (DXY), which tracks the value of the dollar relative
The draft for regulation bill is in circulation among the U.S Representatives. The inclusion of stablecoins in the major payment portals makes it very common. U.S House of Representatives will slightly implement the regulatory bill on stablecoin by the end of 2022. The talk about the regulation draft came to
Macro concern keeps the Bitcoin price below the $20,000 mark. Wall Street anticipates a rate rise of 75 basis points from the Federal Reserve this month. The U.S. Federal Reserve is expected to raise interest rates by 75 basis points during today’s FOMC meeting (September 21). As the Federal Reserve
Kiyosaki says the Federal Reserve will destroy the American economy by raising interest rates. The Federal Reserve is widely anticipated to increase interest rates by 75 basis points. American businessman and author, Robert Toru Kiyosaki has again come up with support for cryptocurrencies. In a recent tweet, he claimed that
For the cryptocurrency market, poor CPI data is bad news. Bitcoin is now trading at $20,825, down from above $22k. Recently, the CPI was revealed. The Consumer Price Index shows a YoY rise of 8.3% and an MoM change of 0.1%. The cryptocurrency market expected much higher volumes. It was
On September 21st, 2022, the Federal Reserve Board will determine the next hike. Economist Peter Schiff is sounding the alarm about imminent hyperinflation. Elon Musk, CEO of Tesla and SpaceX, has issued a grave warning for the American economy. Musk claims that deflation will occur if the Federal Reserve raises
Brainard urged U.S. banks and software developers to prepare for the debut. The Vice-chair said the service’s use of cloud computing made it possible. FedNow, a new payment facilitation system that the Federal Reserve plans to roll out, may reduce the need for a central bank digital currency. It is
In the United States alone, stocks lost around $1.25 trillion in a single day. With a 3.4% loss at day’s end, the S&P 500 reached its lowest point since late July. The United States Federal Reserve offered aggressive views on economic policy on August 26, sending Bitcoin (BTC) and other
Compared to June, the annual rate of inflation reduced marginally to 8.5%. Bitcoin is trading at $24,003 with a 4% increase in the last 24 hours. After a long period of stagnation, U.S inflation has fallen for the first time since April. Compared to June, the annual rate of inflation
Consumers and companies are likely to reduce their borrowing and spending. The central bank had predicted an interest rate increase of 100 basis points. Second time in a row, the Federal Reserve hiked its benchmark interest rate by whopping three-quarters of a percentage point to combat excessive inflation. In a
