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Bitcoin News Roundup for March 24, 2020
Will the US launch a digital dollar? And what happens to racers when they can't race? Find out on CoinDesk's Markets Daily podcast.
By John Biggs
Updated Sep 14, 2021, 8:22 a.m. Published Mar 24, 2020, 4:00 p.m.
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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Today's Stories:
Bitcoin Marches on $7K as Traditional Markets Cheer Fed's QE 'Bazooka'
‘Digital Dollar’ Stripped From Latest US Coronavirus Relief Bill
Kinsa's fever map could show just how crucial it is to stay home to stop COVID-19 spread
Long-Festering DeFi Dapp Bug Still Not Fixed by Industry
For early access before our regular noon Eastern time releases, subscribe with Apple Podcasts, Spotify, Pocketcasts, Google Podcasts, Castbox, Stitcher, RadioPublica or RSS.
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Fed’s Hammack tilts hawkish on rates, questions CPI drop as distorted
"My base case is that we can stay here for some period of time," Cleveland Fed President Beth Hammack told the WSJ.
What to know:
- Cleveland Fed President Beth Hammack, who will be a voter on the central bank's policy-making FOMC in 2026, says interest rates need to remain on hold for several months.
- She threw shade on last week's surprisingly soft CPI report, noting data-collection distortions created by the government shutdown.
- Other things being equal, bitcoin would typically benefit from easier Fed monetary policy, but that hasn't at all been the case in 2025.
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