Bitcoin dips as ETFs break 19-day green streak, rumble over US inflation
Traders are seemingly going risk-off ahead of a U.S. CPI print and a Fed monetary policy meeting, with Bitcoin falling to a weekly low. Go to Source
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Bitcoin futures premium hits 7-week high: is the rally sustainable?
Bitcoin flirted with $70,200 on June 3, but traders fear excessive leverage might be a double-edged sword. Go to Source
Bitcoin price tops $68K but a few concerning headwinds remain
Bitcoin price shows strength as investors expect the Fed to resume printing, but a handful of global macroeconomic headwinds are still in play. Go to Source
US Lawmaker Introduces Bill to Dismantle Fed’s Board of Governors and Abolish the Central Bank
Following the policymaker’s survey, U.S. Representative Thomas Massie (R-Ky.) announced the introduction of H.R. 8421, known as the “Federal Reserve Board Abolition Act.” This legislation aims to dismantle the Board of Governors of the Federal Reserve and close its branches across the continental United States. Federal Reserve Board Abolition Act Resurfaces Two days ago, Massie, … Read more
Tens of Thousands Show Overwhelming Support for Abolishing the Fed, US Policymaker’s Poll Reveals
On May 15, Thomas Massie, a Republican member of the United States House of Representatives, posted on X, inquiring whether he should introduce legislation to abolish the U.S. Federal Reserve. The poll garnered over 115,000 votes, with a significant 86% majority opting to “end the Fed.” Rep. Thomas Massie Questions Introducing Bill to Abolish U.S. … Read more
Bitcoin price loses steam, but futures markets forecast upside above $70K
Bitcoin futures and options indicators remain stable even after BTC price swiftly rejected off the $63,500 level. Go to Source
3 signs hint that Bitcoin price is nearing a bottom
The result of today’s Federal Reserve minutes, Bitcoin miners’ robustness and increasing stablecoin demand in China could be signs that BTC has bottomed. Go to Source
Federal Reserve Holds Rates Steady Amid Inflation Concerns; Outlook Remains ‘Uncertain’
On Wednesday, May 1, 2024, the U.S. Federal Reserve chose to maintain the benchmark interest rates at their highest in 23 years. The Federal Open Market Committee (FOMC) members noted that although inflation has subsided, it still “remains elevated.” No Change in Federal Funds Rate; Fed Continues Watchful Eye on Inflation Risks On Wednesday, the … Read more
Bitcoin bull market may return after $1.4T US liquidity spike — Prediction
Bitcoin and crypto may still have a friend in U.S. treasury secretary Janet Yellen if liquidity comes roaring back to the economy next week, says Arthur Hayes. Go to Source
Historic Yield Curve Inversion Reaches 656 Days, Echoing Pre-Stock Market Crash Patterns
Based on the latest data, the yield curve of the U.S. Treasury, which charts the yields for two-year and ten-year bonds, has remained inverted for a total of 656 days. This latest inversion joins previous records set in 1929, 1974, and 2008, all of which preceded substantial declines in the stock market. Recently, market observers … Read more
