Federal Reserve

Bitcoin Under $30K as Markets React to Hawkish Fed Policy
Bitcoin Under $30K as Markets React to Hawkish Fed Policy
Bitcoin dipped under $30,000 Wednesday, a day after Federal Reserve chair Jerome Powell pledged to keep tightening monetary conditions until inflation shows signs of weakening...
Bitcoin Under $30K as Markets React to Hawkish Fed Policy

Ben Bernanke once suggested the Fed could fix deflation by dropping money from helicopters (sorbetto/Getty Images)
Ben Bernanke Says He Doesn't See Value in Bitcoin
The former Fed chairman says the crypto is too complicated to use as money.
Ben Bernanke once suggested the Fed could fix deflation by dropping money from helicopters (sorbetto/Getty Images)

Markets Daily Podcast Cover
Crypto News Roundup for May 11, 2022
With bitcoin trading lower while Terra's two main tokens plummet, plus a deeper dive into market volatility, CoinDesk’s Markets Daily is back with the latest news roundup.
Markets Daily Podcast Cover

Consumer Price Index, % Change Over 12 Months, including forecasted number for April 2022 CPI (Source: CoinDesk Research, Department of Labor Statistics, FactSet)
Past-Peak Inflation Might Be Misleading as Price Pressures Continue to Mount
As inflation peaks, bitcoin traders should be wary of reading too much into data.
Consumer Price Index, % Change Over 12 Months, including forecasted number for April 2022 CPI (Source: CoinDesk Research, Department of Labor Statistics, FactSet)

Fed Issues Stablecoin Warning Amid TerraUSD Collapse
Fed Issues Stablecoin Warning Amid TerraUSD Collapse
CoinDesk’s Nikhilesh De discusses a new report issued by the Federal Reserve warning of stablecoin risks as the TerraUSD (UST) coin lost its dollar peg, dropping as low as $0....
Fed Issues Stablecoin Warning Amid TerraUSD Collapse

U.S. Treasury Undersecretary for Domestic Finance Nellie Liang is among U.S. officials warning about run risks in stablecoins. (Win McNamee/Getty Images)
New Fed Report Repeats Warning About Stablecoin Run Risks as UST Loses Peg
The Federal Reserve's biannual report came out on the same day Terra's dollar-pegged UST stablecoin fell below $0.85.
U.S. Treasury Undersecretary for Domestic Finance Nellie Liang is among U.S. officials warning about run risks in stablecoins. (Win McNamee/Getty Images)

How Low Could BTC & ETH Go?
How Low Could BTC & ETH Go?
As the crypto markets continue to slide, Valkyrie Co-founder & CIO Steven McClurg discusses the potential bottoms for BTC and ETH, citing the impact of the Fed’s half-point in...
How Low Could BTC & ETH Go?

(The Scream, undated drawing Edvard Munch, Bergen Kunstmuseum/Wikimedia Commons)
The Fed Raised Rates and Markets Freaked Out
After Jerome Powell’s press conference, all markets reacted aggressively and then swiftly retraced their moves as market sentiment shifted overnight.
(The Scream, undated drawing Edvard Munch, Bergen Kunstmuseum/Wikimedia Commons)

BTC Behaving as a Risk-On Asset?
BTC Behaving as a Risk-On Asset?
Bitwise Chief Investment Officer Matt Hougan discusses bitcoin’s price activity as a risk-on asset amid the recent price plunge possibly caused by hawkish Federal Reserve poli...
BTC Behaving as a Risk-On Asset?

Luxury brand Gucci has entered the crypto world. (Robert Alexander/Getty Images)
First Mover Asia: Thailand Has Already Proven Why Taking Crypto for Luxury Items Isn't Working
Gucci will begin accepting crypto payments at five stores as part of a wider commitment, but the success of its initiatives is uncertain; bitcoin plummets in Thursday trading.
Luxury brand Gucci has entered the crypto world. (Robert Alexander/Getty Images)