Bitcoin ‘still in early innings’ at $100K —ARK’s Cathie Wood
Bitcoin became a $2 trillion asset in less than 16 years, while companies like Apple and Amazon took 42 and 29 years, respectively, to reach that value. Go to Source
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Bitcoin is a competitor to gold, not the US dollar, reiterates Fed’s Powell
US Federal Reserve Chair Jerome Powell also dismissed the idea that people see Bitcoin as a symbol of a lack of faith in the US dollar. Go to Source
Death of Meta’s stablecoin project was ‘100% a political kill’ — Ex Diem boss
United States Treasury Secretary Janet Yellen supposedly convinced Federal Reserve Chair Jerome Powell into killing the project, the former Meta executive said. Go to Source
Bitcoin blips down as Fed’s Powell says no ‘hurry to lower rates’
Bitcoin’s price tumbled after the United States Federal Reserve Chair Jerome Powell cast doubt on an interest rate cut in December. Go to Source
Elon Musk reposts call to end the Federal Reserve Bank
The United States dollar has lost approximately 96% of its value since the Federal Reserve Bank was established in 1913. Go to Source
Bitcoin drops to $63K, fails to rebound after Fed hints at future interest rate cuts
Bitcoin surprised traders by opening the week in the red, and the Federal Reserve’s announcement about future rate cuts failed to reverse the downtrend. Go to Source
Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020
On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching … Read more
The Fed Under Fire: Elizabeth Warren Pushes for Unprecedented Rate Cut
As the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) gears up for its meeting on Sept. 18, anticipation is building for a rate cut. Market participants are placing their bets, with expectations leaning toward either a 25 basis points (bps) reduction or a 50bps cut. However, Massachusetts Senator Elizabeth Warren is urging the Fed … Read more
Bitcoin Inflows Reach $543 Million as Powell Suggests Rate Cuts, Coinshares Reports
Coinshares, led by researcher James Butterfill, reports a significant uptick in bitcoin inflows following recent comments from Federal Reserve Chair Jerome Powell. The investment surge reflects the market’s response to potential interest rate cuts hinted at during the Jackson Hole Symposium. Powell’s Comments Correlate With $543 Million Bitcoin Inflow, Coinshares Observes According to Coinshares, digital … Read more
Bitcoin chart signals possible move to $68K ‘extremely quickly’ — Traders
Bitcoin traders are targeting $68,000, provided Bitcoin can firmly hang onto $64,000, a level it has struggled to hold above since first reclaiming it 20 days ago. Go to Source
