Central Bank
Fed's Powell: No Decision yet on Size of March Rate Hike
U.S. Federal Reserve Chairman Jerome Powell stressed that the central bank has yet to decide on the size of the rate hike when the Federal Open Market Committee (FOMC) meets later in March. Testifying before the House Financial Services Committee for his semi-annual monetary policy report on Wednesday, Powell made a notable change from Tuesday's Senate testimony in his prepared remarks.
Bitcoin Dips Following Fed Chair Powell's Hawkish Testimony
In testimony before the U.S. lawmakers on Tuesday, Federal Reserve Chair Jerome Powell said the central bank will likely lift interest rates higher and potentially faster than previously anticipated. The Digital Economy Initiative Advisory Council Member Martha Reyes shares her crypto markets analysis.
Bitcoin Breaks Above $23K: What's Next?
Joey Krug, investor and co-founder of Augur and Eco, discusses his outlook for bitcoin (BTC) as the largest cryptocurrency by market capitalization climbs above $23,000 on the heels of new inflation data and Federal Reserve Vice Chair Lael Brainard's departure from the central bank for the White House.
Bitcoin Rebounds After Largest Daily Plunge Since November
Bitcoin rebounded above $23,100 after its biggest single-day percentage loss since the FTX meltdown in November on Monday. Triggered by anxieties that the U.S. Federal Reserve will continue its attempt to restrain the economy, many traders expect the central bank to raise interest rates by 25 basis points. "All About Bitcoin" host Christine Lee presents "The Chart of The Day."
QCP Capital Expects Fed to Be Irate Amid Easing Financial Conditions
Singapore-based crypto options trading firm QCP Capital said the recent risk revival in traditional markets and cryptocurrencies might not sustain because the U.S. central bank is still fighting inflation. "The Hash" panel discusses their outlook for the crypto industry and the economy at large amid broader uncertainty in the market.
Crypto May See Renewed Volatility as Whales Begin to Accumulate BTC
Forex.com Global Head of Research Matt Weller joins "First Mover" to discuss the drop in bitcoin's annualized one-month realized volatility and his outlook for 2023 amid a prolonged crypto winter. Plus, insights on the state of crypto as central banks continue to increase interest rates to tame inflation.
We're in a Strong Risk-Off Environment: 21.co CEO
"While a lot of people have moved on to a very risk off environment ... we've been comforted internally by the plateauing of the bitcoin price within a specific band," 21.co co-founder and CEO Hany Rashwan said. He explains how interest rate hikes by global central banks could have an impact on the crypto markets.
