The Fed’s Last Stand
Overnight, BTC remained at $60,000. For the first time in BTC history, a strange scene occurred: the 100-week moving average crossed the 200-week moving average upward, forming a "golden cross".
JinseFinanceOvernight, BTC remained at $60,000. For the first time in BTC history, a strange scene occurred: the 100-week moving average crossed the 200-week moving average upward, forming a "golden cross".
JinseFinanceThis September is probably garbage time until the Fed's interest rate meeting. Why is the Fed so caught up in raising or lowering interest rates? In the final analysis, this is a dilemma for it.
JinseFinanceThe Fed is not inclined to cut rates soon. This raises a critical question: if not now, when then?
WilfredIn order to cut interest rates cleanly and efficiently, in addition to other policy measures, reducing the supply of government bonds is probably also an operation that is very worth considering.
JinseFinanceMorgan Stanley's Ellen Zentner forecasts a series of interest rate cuts by the FED, deviating from market expectations. Beginning in June, the predicted reductions may impact Bitcoin's trajectory, potentially influencing a return to previous highs.
Cheng YuanBitcoin's price was trading around $20,400, little changed from the past 24 hours as investors awaited the Federal Reserve’s interest rate decision at 2 p.m. ET.
OthersThe Fed raised raising interest rates by another three-fourths of a percentage point and pushing borrowing costs to the highest level since the Great Recession.
OthersMichael Barr was on the advisory board of Ripple Labs from 2015 to 2017 and has called on lawmakers to create a regulatory framework on stablecoins to prevent the risk of runs.
CointelegraphIn a 80–19 vote in the Senate, U.S. lawmakers confirmed Jerome Powell as the next chair of the Federal Reserve System, where he will also serve as a board member until 2028.
CointelegraphIn a 52–43 vote on the Senate floor on Tuesday, U.S. lawmakers confirmed Lael Brainard as vice chair of the Federal Reserve System for four years.
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