Bitcoin‘s global money supply has actually reached 1.7% of worldwide money supply right now, and this marks a pretty significant milestone for the digital asset. This achievement comes as Fed…
Ethereum ETH$4,847.81 hit a record price of $4,885 on Coinbase on Friday after a speech by Federal Reserve Chair Jerome Powell suggesting interest rate cuts left traders relieved going into…
In brief
The Federal Reserve has left the interest rate unchanged at its last five meetings.
In a speech at an annual gathering in Jackson Hole, Wyoming, Powell said that conditions had…
Ripple’s XRP token climbed to a new all-time high of $3.65 on July 18. The popular crypto hit a new peak after more than seven years. XRP’s price has fallen…
In brief
Bitcoin and Ethereum dipped briefly before climbing after Fed minutes shed light on why two Fed governors favored an interest rate cut at the July meeting.
BTC was trading above…
Cryptocurrencies and related stocks extended losses Tuesday as traders braced for the release of the Fed's FOMC minutes on Wednesday and Fed Chair Jerome Powell’s Jackson Hole speech on Friday.Bitcoin…
The cryptocurrency market continues its descent after a substantial upswing. Bitcoin (BTC) briefly fell below $115,000 after hitting a new all-time high of $124,128 on Aug. 14. Ethereum (ETH) has…
In brief
Bitcoin’s price fell Thursday following a hotter-than-expected PPI report.
Producer prices rose 0.9% in July, the largest monthly increase in over three years.
Traders abandoned the prospect of a 50-basis-point rate…
Ether’s recent rally to over $4,700 is being largely propped up by expectations of a US federal rate cut in September, which could prove disastrous if it doesn’t eventuate, crypto…
In brief
Treasury Secretary Scott Bessent urged the Fed to consider a 50bps cut in September after weak job revisions and soft inflation data.
July inflation came in at 2.7% year-over-year, slightly…