The End Of The Fed?—Trump Calls For Lower Rates As Bitcoin Price Plummets
Last year, Trump suggested the U.S. president should have "at least" a say over setting interest rates, something that would end the Fed’s independence, though Powell has vowed to serve out his term, which is due to end in 2026, and Trump has said he doesn’t plan on attempting to fire Powell.
Fed price shock to hit Bitcoin: Here’s Trump’s plan and how it will affect you
The CEO of Coinbase, Brian Armstrong, believes that Bitcoin’s total market value may one day surpass that of gold, which is currently sitting at $18 trillion worldwide. This would make Bitcoin the world’s dominant store of value, although it still has a long way to go in this regard.
The inflation numbers were bad for speculative assets because they imply higher interest rates from the Federal Reserve than ...
Analysts expect year-over-year PPI to come in at 3.2%, below December’s 3.3%, with a month-on-month reading of 0.3%, up from ...
Consumer prices rose as expected last month, indicating the pace of inflation remained unchanged in January after ...
Bitcoin briefly dipped below $95,000 on Feb. 12, minutes after the US Bureau of Labor Statistics released CPI and inflation ...
According to global cryptocurrency tracking site CoinMarketCap, as of 7:50 a.m. on the 12th, Bitcoin is trading at $95,709 ...
The largest cryptocurrency rose above $100,000 for the first time since Feb. 4, according to CCData, after the Bureau of ...
Bitcoin was edging higher on Wednesday, but other cryptocurrencies were having a tougher time of it ahead of a fresh batch of ...
Fed Chair Powell’s testimony triggered a crypto selloff, but Goldman Sachs’ increased Bitcoin and Ethereum ETF holdings ...
The caution comes amid growing headwinds for the crypto market, which may have reached the top of its cycle. Research firm ...
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