Bitcoin Drops Over 5% as Upbeat U.S. Factory Data Powers Dollar Index to Nearly 5-Month High
The U.S. factory activity unexpectedly expanded in March, veri released Monday showed, sending the dollar index higher.
Fed
Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application
The Federal Reserve has discretion in deciding whether to grant a master account, a judge ruled.
Bitcoin Tops $67K on Dovish Fed Remarks; Ether Rebounds From SEC Fears, DOGE Soars
Fed policymakers maintained their outlook for three rate cuts by the end of the year, alleviating market concern of a more hawkish stance.
U.S. Fed Chair Powell Says ‘Nowhere Near’ Pursuing CBDC, Won’t Spy on Americans
The Federal Reserve chairman said his agency isn’t anywhere close to making any recommendations and wouldn’t want any direct connection to retail users’ veri.
Bitcoin Dips to $42.4K as Fed’s Powell Pours Cold Water on March Rate Cut
“The market has gotten ahead of itself on the rates side,” said one analyst.
Fed Leaves Rates Unchanged, Sounds Hawkish Note on March
Bitcoin investors have mostly been focused on spot ETFs and the upcoming halving, but central bank monetary policy is also likely to play a sizable role in the 2024 price outlook.
Bitcoin, Asian Stocks Drop as Traders Pare March Fed Rate Cut Bets
Friday’s payrolls will likely compel the Fed to maintain flexibility in its policy decisions going forward, one observer said.
TradFi Goes All-In on Fed Rate Cuts. What It Means for Bitcoin
The U.S. central bank yesterday signaled that far easier monetary policy is in store for 2024.
Bitcoin Bounces Over $43K, Altcoins, Crypto Stocks Burst Higher as Fed Projects Rate Cuts Next Year
Cardano’s ADA, Avalanche’s AVAX and Injective’s INJ tokens led altcoin gains as risk assets rallied on dovish Fed.
Federal Reserve Holds Policy Steady, but Indicates More Dovish 2024
Market participants will look to Fed Chair Jerome Powell’s post-meeting press conference for additional signs about the direction of future policy.