Federal Reserve

Federal Reserve

Markets

Stand-Off Over $28T of US Government Debt Could Rattle Bitcoin Market

The American government has never defaulted on its debts, but congressional gridlock over raising the debt ceiling is making investors question what would happen if it did.

Janet Yellen, U.S. Treasury secretary, speaks during an interview at the National Association of Business Economics (NABE) annual meeting in Arlington, Virginia, U.S., on Tuesday, Sept. 28, 2021. Yellen today warned that her department will effectively run out of cash around Oct. 18 unless Congress suspends or increases the federal debt limit, putting pressure on lawmakers to avert a default on U.S. obligations. Photographer: Amanda Andrade-Rhoades/Bloomberg via Getty Images

Policy

Digital Dollar Needs Legislative Support, Fed Chair Says

The issue of CBDCs and financial privacy were featured during Tuesday’s contentious Senate Banking Committee hearing.

Treasury Secretary Janet Yellen (L) and Fed Chair Jerome Powell (Kevin Dietsch/Getty Images)

Videos

What's Next for Crypto Markets Following China's Crypto Crackdown

CoinDesk Tech Managing Editor Christie Harkin discusses where the crypto markets could be headed next week as China tightens its crypto mining crackdowns and bans trading. Plus, CoinDesk's Markets Managing Editor Brad Keoun discusses his markets outlook since Federal Reserve Chair Jerome Powell signaled tapering could happen at the Fed's next meeting in November.

Recent Videos

Markets

Altcoins Surge as Crypto Market Regains Steam

AVAX climbed 24% to hit a record of $79.58.

24-hour AVAX price chart (Messari)

Markets

Bitcoin to Remain Resilient to Fed’s Impending Taper: Analysts

Analysts say regulatory uncertainty, not tapering, could present downside risk to bitcoin.

Federal Reserve Chair Jerome Powell speaks Wednesday at a press conference following the conclusion of the central bank’s two-day monetary-policy meeting. (FederalReserve.gov screenshot)

Markets

Federal Reserve Could Taper ‘Soon’ as Officials See Interest Rate Hike Next Year

Officials still characterize inflation as “transitory;” bitcoin’s price rises.

Federal Reserve Chairman Jerome Powell speaks Wednesday at a virtual press conference. (Federal Reserve, modified by CoinDesk)

Markets

Since ‘Golden Cross,’ Bitcoin Is Down 12%; Blame the Fed?

The ostensibly bullish price-chart indicator hasn’t yet produced much in the way of gains for traders of the largest cryptocurrency.

The golden cross in bitcoin's price chart has yet to produce much glory. (Unsplash, modified by CoinDesk)

Markets

Bitcoin Bounces Off 6-Week Low, Tracking Recovery in Stocks

“The long-term uptrend still has a hold on bitcoin,” one analyst said.

Bitcoin's daily chart (TradingView)