FOMC

Bitcoin is Behaving as the Uncorrelated Asset That Some Investors Want, if Only Its Price Would Increase

Bitcoin’s recent decoupling from traditional finance keeps it on the sidelines as other asset prices have surged.

By Glenn Williams

Jul 26, 2023 at 7:49 p.m. UTC

Jul 26, 2023

AnalysisBitcoinEtherMarketstradersTechnical AnalysisEconomicsCoinDesk IndicesFOMC

U.S. Federal Reserve building in Washington, D.C. (Jesse Hamilton/CoinDesk)

Federal Reserve Hikes Fed Funds Rate by 25 Basis Points

The move was fully anticipated by market participants who will now look to Chairman Jerome Powell’s imminent post-meeting press conference for clues about whether the central bank intends to continue tightening monetary policy.

By Lyllah Ledesma

Jul 26, 2023 at 6:04 p.m. UTC

Jul 26, 2023

Federal ReserveFOMCBitcoinInterest Rates

Bitcoin Clings to $29K as Strategist Expects the Fed Has a Lot 'More Room to Hike'

Video

Cdtv

Bitcoin Clings to $29K as Strategist Expects the Fed Has a Lot 'More Room to Hike'

The markets are widely expecting the central bank's Federal Open Market Committee to hike the benchmark borrowing rate by 25 basis points later today Maple Head of Growth and Capital Markets Quinn Thompson discusses what this could mean for bitcoin BTC and the wider crypto markets Plus his outlook for the U S spot bitcoin [...]

By CoinDesk Staff

Jul 26, 2023 at 3:42 p.m. UTC

Jul 26, 2023

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Markets

Analysis

Bitcoin Breaks Below Key Technical Indicator, but Appears Poised to Continue Its Flat Trajectory

Wednesday’s Federal Reserve likely decision to raise the interest rate 25 basis points appears to be priced into crypto markets

By Glenn Williams

Jul 25, 2023 at 6:22 p.m. UTC

Jul 25, 2023

AnalysisBitcoinEtherMarketstradersTechnical AnalysisEconomicsCoinDesk IndicesFOMC

Federal Reserve Chair Jerome Powell speaks at the Brookings Institute in 2022. (Helene Braun/CoinDesk)

Markets

Bitcoin

Crypto Catalysts: Rate Hike Looms as FOMC Begins Latest Monetary Policy Deliberations

The U.S. central bank has been telegraphing its intent to renew rate hikes for weeks. The Personal Consumption Expenditures report arrives Friday, but cryptos and other risk-on assets have been largely immune to macro events.

By James Rubin

Jul 25, 2023 at 12:00 a.m. UTC

Jul 25, 2023

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