Thursday, May 26

Tag: FED

Jerome Powell Scares Bitcoin and Other Coins
CRYPTO COINS

Jerome Powell Scares Bitcoin and Other Coins

Bitcoin and Other Virtual Currencies fell after Jerome Powell's statements. The fall of cryptocurrencies after Powell's statements revealed the effect of the FED's decision. Bitcoin slumped 3.5% daily to $40,400 after Fed Chairman Powell said it was "appropriate to act faster". Ethereum also saw below $ 3000 After the statements of Fed Chairman Jerome Powell, there was a decrease in cryptocurrencies. Speaking at the panel held on the global economy as part of the IMF Spring Meetings, Powell said that a 50 basis point rate hike is "on the table" at the Fed's meeting to be held on May 3-4. Pointing out that inflation is already very high and monetary policy is still supportive compared to the past, Powell noted that it is appropriate to act a little faster. While Bitcoin was pus...
Jerome Powell Faces a World Risk for Fed’s Contraction Timeline
BUSINESS IDEAS - FINANCE

Jerome Powell Faces a World Risk for Fed’s Contraction Timeline

Jerome Powell's announcement that the Fed Faces a World Risk in terms of Contraction Timeline scared. Bloomberg Economics demonstrating shows how stuns at home and abroad could wreck the U.S. recuperation and power a course revision from the Fed. What might it take to thump the U.S. recuperation off kilter and send Federal Reserve strategy creators back to where it all began? Very little — and there are a lot of contender to convey the blow. From one bearing: U.S. obligation roof stop, China property droop or basically an expansion of Covid alert could hit development and occupations — taking the Fed's proposed tighten of security buys off autopilot, and pushing its first financing cost increment back to 2024 or later. From the other: Sustained inventory network growl ups could k...
Bitcoin’s rise reflects America’s downfall 2021
CRYPTO COINS

Bitcoin’s rise reflects America’s downfall 2021

As the value of Bitcoin and other cryptocurrencies rapidly increased, a remarkable analysis was published in the British Financial Times. According to the analysis, the rise in cryptocurrencies is a sign of the foam created by the FED and the fall of the US and the dollar. A remarkable analysis of the rise in the value of cryptocurrencies, especially Bitcoin, was published in the British Financial Times newspaper. In the analysis signed by Rana Foroohar, "Cryptocurrencies have a place in a new world order where the leading role of the dollar is weakened". Bitcoin Fluctuations The article found a similarity between the sharp price movements in Bitcoin and the fluctuation in the price of gold, which was priced in marks in Germany in the 1920s, and it was argued that Bitcoin ...