Inflation figures for June will be released by the US Labor Department this week. Economists predict that the CPI would rise by 1.1% every month. As of Monday, on-data analysis provider, Santiment tweeted that the degree of optimism among social media users is at its greatest since November’s initial decline
The US inflation crossed the planned 2% and reached a decade high of 8.9% Crypto and digital assets need regulation similar to banking and capital market ones. On June 22, Federal Chairperson Jerome H Powell presented the Semiannual Monetary Policy Report to Congress. The policy report had statements regarding the
For the economy to go forward, Powell said that inflation has to level off. Michael Saylor has justified the company’s choice to invest in Bitcoin. With an increase of 0.75 percent, the Federal Reserve raised interest rates to their highest level since 1994. The move to raise interest rates was
Fed will have to continue its strong posture until the next meeting. Following the data release in May, Treasury rates spiked, and stock futures plummeted. On June 15, the U.S Federal Reserve will meet to decide interest rates, and investors fear a more hawkish tone from the central bank, which
The Federal Reserve is expected to raise the interest rate by 50 basis points. The Terra ecosystem crash caused a ripple effect across the market. The Consumer Price Index (CPI) rose by one percent between May and June, bringing its year-over-year gain to 8.6 percent, while the crypto sector continues
Custodia was one of the first Special Purpose Depository Institutions (SPDIs). Custodia applied for a Federal Reserve master account in October 2020. Federal Reserve Board of Governors and Federal Reserve Bank of Kansas City are being sued by Wyoming-based digital asset bank Custodia for “unlawful delay” in processing its master
Experimentation and technical research have been used to investigate CBDC. The Federal Reserve says it is the safest method of expanding payment alternatives. CBDC, which is expected to be widely accessible, will become the Federal Reserve’s liability instead of ordinary currency, which will be the central bank’s responsibility. Currently, the
The price of Bitcoin (BTC) has fallen to $41,897.15, a three-week low. BTC’s long holdings were liquidated in big numbers last week. BTC continued its downward trend on Monday, slipping even farther into the trading range it has been in for much of the year. Inflation and a more hawkish
The crypto market’s overall valuation fell back below $2 trillion on Saturday. Bitcoin is down 0.84% in the last 24 hours. There were several significant liquidations in the market due to Bitcoin’s (BTC) sudden fall from its 2022 high. This year witnessed the largest liquidation of long holdings, which had
The largest currency climbed to $48,000 last week before retracing its course. The Nikkei 225 index of Japan’s stock market fell more than 1.5 percent earlier today. A 5% correction has occurred in Bitcoin (BTC), and the wider crypto market as investors prepare for the Fed’s largest rate hike. Bitcoin
