First Mover: Crypto Traders ‘Greedy’ as Goldman Warns on Dollar
As the dollar faces a diluted world status, cryptocurrencies like ether and bitcoin are soaring, with a popular sentiment index now registering "greed."
COVID-19 proved the need for FedNow, even though the U.S. central bank admits the service is still years away.
The Federal Reserve appears ready to pursue yet another untested strategy that could ultimately boost inflation – and possibly prices for bitcoin.
Bitcoin blurs the boundaries of a widely used classification of digital currencies and the distinction should be retired, say Fed experts.
It didn't really matter to bitcoin traders that the Federal Reserve's meeting this week was so anticlimactic. The real action is ongoing – in the form of more money injections.
The Federal Reserve said Wednesday it would hold benchmark U.S. interest rates close to zero and continue buying Treasury bonds to support the coronavirus-devastated economy.