Economics
IMF’s Georgieva Warns Central Banks to Hoard Reserves, Follow Fed Hikes
The official's comments might be relevant to bitcoin traders because the largest cryptocurrency has proven to correlate with the dollar's strength in foreign-exchange markets.
US Jobs Growth Slows Less Than Expected; Bitcoin Slips From $20K
The monthly employment situation report released by the Labor Department has become one of the most important economic indicators to watch as the Federal Reserve evaluates the state of the economy.
The Fed May Not Be Able to Pivot Even If It so Desires
The Bank of England relieved teetering U.K. markets on Wednesday, announcing a bond purchase program.
Fed Hikes Rates to Highest Since 2007; Bitcoin Slides Toward $19K
This is the third consecutive time that members of the Federal Open Market Committee raised rates by 75 basis points, signaling how serious inflationary pressures have gotten in the U.S. The bitcoin market doesn't like it.
A Full Percentage Point Rate Hike? Bitcoin Traders Size Up Fed’s Desperation on Inflation
Chances of a 100 basis point rate hike rose fast following Tuesday's CPI report.
US CPI Report Shows Inflation Hotter Than Expected, Bitcoin Plunges 9.6%
Core inflation, which is more closely watched by traders, rose 0.6 percent in August, a larger increase than in July.
US Inflation Data Could Test Bitcoin’s Rally
The price of BTC gained 15% over the weekend as traders wait for positive U.S. inflation data.
Federal Reserve to Act 'Forthrightly, Strongly' Until Inflation 'Job Is Done,' Powell Says
The U.S. central bank is expected to raise its benchmark interest rate by another 75 basis points this month.
Hawkish Fed Chatter Has Wall Street Betting on Big Rate Hike, Crypto Traders Shorting Bitcoin
Some of the central bank's officials want to see "several months" of low inflation to gain confidence that price pressure is easing.
The Fed Wants You to Lose Money in Stocks and Probably Crypto, Too
Monetary policy works through financial conditions, including equities and consequently crypto, which has been highly correlated with the equity market.
