federal reserve

Bitcoin breaks above $50,000 for the first time in four weeks.

Cryptocurrencies were broadly higher on Tuesday afternoon as bitcoin crossed a key level of $50,000 for the first time in four weeks. Bitcoin was up 5.4%, trading at $50,120. Ethereum, the second-biggest crypto by market cap, was up 3.3% to trade at $3,445. “The big factor for the bitcoin price now is if it can continue to move higher, and that will only depend on where the price will close today [Tuesday],” said Naeem Aslam, chief market analyst at AvaTrade. Bitcoin is highly likely to see more upside moves. “In

Bitcoin worth surge to $49K prompts a number of altcoins to hit new all-time highs

On Sunday bulls made their intentions clear by briefly pushing Bitcoin (BTC) worth above the $49,000 degree, a transfer that prompted many merchants on crypto Twitter to name for the top-ranked digital asset to knock down the psychological resistance at $50,000. Data from Cointelegraph Markets Pro and TradingView exhibits that after trading in a spread with an higher restrict close to $48,200 for a number of days, bulls managed to interrupt larger and climb to an intraday excessive at $49,242, capping a 20% rally since trading at a low of

Worst Case Scenario ELIMINATED – Fed Chairman Says They Have No Intention Of Banning Crypto… | Live Cryptocurrency News | Global Crypto Press

[embedded content] In response to a query from Representative Ted Budd of North Carolina throughout testimony earlier than the House Financial Services Committee, Federal Reserve Chair Jerome Powell says it’s acceptable to control cryptocurrency actions – however they haven’t any want to ban it. Source: https://btcupload.com/latest-cryptocurrency-news/worst-case-scenario-eliminated-fed-chairman-says-they-have-no-intention-of-banning-crypto-live-cryptocurrency-news-global-crypto-press

Episode #339: George Davis, Hotchkis & Wiley, “We’re In Unchartered Territory Right Now”

Episode #339: George Davis, Hotchkis & Wiley, “We’re In Unchartered Territory Right Now” Guest: George Davis serves as CEO and is responsible for setting the firm’s strategic direction. Mr. Davis also serves as a portfolio manager on the Large Cap Fundamental Value and Large Cap Diversified Value portfolios. Date Recorded: 7/21/2021     |     Run-Time: 49:27 Summary: In today’s episode, we’re talking long term value investing. We start with George’s investment philosophy and then walk through how he views the market today, seeing value in both financials and energy stocks. We talk

A Lifelong US Dollar Downtrend Paints Bullish Outlook for Bitcoin

The US dollar is on track for its most significant monthly performance since July 2019. But it continues to feel the pressure from its all-time bearish outlook. Why? A monthly chart of the US dollar index (DXY), a barometer to gauge its performance against a basket of top foreign currencies, shows the greenback in a lifelong downtrend. So it appears, the index has been trending lower inside a Descending Channel, as confirmed by more than two lower highs and lower lows. DXY pulls back after testing the upper trendline of

The Last Time This On-Chain Metric Was This Low, Bitcoin Surged 150%

Bitcoin’s price has been slipping lower over recent days and weeks. From the recent highs set just two days ago, BTC is down by around 2-3%. From the year-to-date highs set two weeks ago, Bitcoin has shed closer to 20%. The cryptocurrency may be primed to return higher as an on-chain metric falls to important levels. The last time this specific metric was this low, the coin surged around 150% in the weeks following the signal. Bitcoin may also gain strength due to fundamental trends as well, such as statements

These 3 Technical Signs Show Bitcoin Could Soon Reverse Lower

Bitcoin has surged higher since bottoming last week under $10,000. The coin now trades for $10,850, slightly shy of the local highs at $11,150. BTC seemingly remains in a bull trend as it holds above the pivotal $10,500 support. $10,500 has long been an important level for Bitcoin, acting as a point at which three separate rallies have topped over the past year. Despite the price action, three technical signs show that a near-term reversal is likely. The reversal will likely drive the cryptocurrency towards the low-$10,000s once again. Most

Stocks Continue Downward Move While Bitcoin Fights to Stay Above $10,000

One criticism that often comes up when speaking with skeptics about crypto trading is the prospect that whales control this market. Well, that may be true, but the issue isn’t any worse than it is in any other market. The big story crossing financial media today is about a large hedge fund who’s been pushing around the world’s biggest tech stocks. So all the narratives about the Federal Reserve, QE, new retail money, stock splits, tech equities being immune to the virus, and pure momentum have fallen by the wayside,

MIT is helping the Boston Fed build a CBDC that can be scaled for consumer use

The MIT Digital Currency Initiative, or DCI, is helping the federal reserve bank of Boston build a digital currency with the goal of scaling for consumer use. The DCI’s director Neha Narula told Cointelegraph:“We're trying to build a high throughput, low latency transaction system that could be used by consumers and could handle the security and resilience required for a national currency.”The multi-year collaboration between the two organizations is still in very early stages and not much information is being released to the public. Yet the focus is not on building