Jerome Powell

Bitcoin’s price saw a bump above $60,700 in the minutes following the rate cut announcement

The decision comes “in light of the progress on inflation and the balance of risks,” according to an FOMC statement

Some believe a rate cut of 50 basis points could spark investor fears of a recession and increase volatility. Others think differently.

Plus, a deeper look into the SEC’s latest victim facing claims as an unregistered security

Plus, Fed Chair Jerome Powell signaled the central bank would cut interest rates at its next policy-setting meeting in September

Powell, as expected, did not give any hints as to the size of September’s rate cut, but markets seem more confident that a 50 bps cut could be in the cards

Plus, the key bitcoin price levels to watch

Thursday’s CPI report shows prices are coming down more quickly than analysts had anticipated, renewing hope that central bankers will cut rates in the fall

Meanwhile, stocks rally after Jerome Powell finishes his Capitol Hill tour

Plus, a look into ETH ETF fees and a spicy exchange from this morning’s Senate Banking Committee hearing

Plus, what Fed Chair Jerome Powell said about interest rates and inflation

Bitcoin retook $68,000 Thursday, rallying close to 4% in 24-hours while ether gained 2% to sit around $3,400

The S&P 500 and Nasdaq Composite gained 1.2% and 1.7%, respectively, while bitcoin and ether inched their way into the green

The US labor market added more jobs than expected in January, leaving analysts and investors doubting that an interest rate cut will come in March

Markets dipped during Powell’s Wednesday press conference but recovered Thursday to around pre-rate decision levels

The Fed opts to hold rates for a fourth consecutive time, citing high job openings and slightly improving inflation

Global bank leaders say a recession is unlikely, but persistent inflation may lead to rate hikes

Bitcoin soared to around $31,230 Friday afternoon in New York for the first time since April

The central bank head appeared before lawmakers Wednesday to defend his monetary policy

Crypto moved further in the green while stocks went red — analysts say institutional interest and increased risk appetite are to blame

eToro’s Callie Cox noted that bitcoin has led the stock market “in seven of the last 10 Fed days”

Interest rates could end up “higher than anticipated,” the central bank chief said on Capitol Hill, Tuesday

The Nasdaq Composite and S&P 500 indexes rose as much as 1.4% and 1.1%, respectively, during Powell’s interview

The central bank raised interest rates by 25 basis points — that’s not surprising — but all eyes are on the subtext