Ethereum's Price Surges 4.8% in 24 Hours Amid Market-Wide Recovery and Institutional Investment Influx
June 21 (Cointime) - In the past 24 hours, Ethereum's value has risen by 4.8%, following a market-wide recovery led by Bitcoin, which saw a surge of over 7%.
Goldman Sachs Under Investigation by Federal Reserve and SEC Over Role in Silicon Valley Bank’s Collapse
June 16 (Cointime) - Goldman Sachs is under investigation by the Federal Reserve and Securities and Exchange Commission (SEC) for its involvement in the purchase of Silicon Valley Bank's securities portfolio before the bank's collapse.
Federal Reserve Chair's Statement Raises Concerns About Bitcoin's Future Trajectory
June 16 (Cointime) - Investors are worried about the future of Bitcoin's price following Federal Reserve Chair Jerome Powell's recent statement about interest rates. Speculation is growing about a potential crash that could bring Bitcoin's value down to $20,000.
Bitcoin Stays Below $25,000 as US Economic Policy Changes Cause Three-Month Lows
Bitcoin remained below $25,000 on June 15 after a reaction to changes in US economic policy led to three-month lows. The US Federal Reserve paused interest rate hikes, but Fed chair Jerome Powell suggested that fresh hikes may be necessary in the future to control inflation. Markets placed more than a 70% chance of a hike at the next Federal Open Market Committee meeting in July. Keith Alan, co-founder of monitoring resource Material Indicators, described Powell as "all bark, no bite".
US Banks Borrow $100 Billion From Fed’s Emergency Lending Platform Amid Crisis of Confidence and Liquidity
US banks are increasingly turning to the Federal Reserve's Bank Term Fund Program (BTFP) for additional funding, with borrowings surpassing $100 billion as of June 7th. The BTFP was introduced during the banking crisis to provide liquidity to struggling banks by allowing them to pledge assets such as government bonds and mortgage-backed securities as collateral.
Federal Reserve Holds Benchmark Lending Rate, Signals Willingness to Raise Rates Later
June 15 (Cointime) - The Federal Reserve has decided to keep its benchmark lending rate unchanged for now, despite traders anticipating a rate hike. The Fed's current interest rate is the highest it has been since 2007, after a sequence of 10 rate hikes.
Bitcoin Price Drops After U.S. Federal Reserve Holds Interest Rates Steady
June 15 (Cointime) - The Federal Reserve in the US has decided to maintain its federal funds interest rate at 5.25% after a series of rate hikes. Following the announcement, the price of Bitcoin fluctuated and briefly exceeded $26,000 before dropping back down, according to TradingView data. Currently, Bitcoin is trading at approximately $25,830 and has experienced a slight decrease of 0.5% today.
Bitcoin Reacts to Waning Inflation as Fed Expected to Halt Monetary Hawkishness
Bitcoin briefly responded positively to the news of lower inflation reflected in the May Consumer Price Index, but has since remained stagnant below $26,000 as investors await the Federal Reserve's interest rate decision. The SEC lawsuits against Binance and Coinbase have provided some certainty to the market and may lead to fresh investment in crypto assets.
Bitcoin Faces Uncertain Future As Investors Monitor US Federal Reserve Decision and Government Debt Issuance
Bitcoin has been trading within a narrow range for the past three days after successfully defending the $25,500 support. Investors are now focused on the U.S. Federal Reserve's interest rate decision, which will be announced on June 14.
Bloomberg Analyst Mike McGlone Issues Warning, Says Bitcoin (BTC) May Have Turned Too Hot Within a Downtrend
Mike McGlone, senior macro strategist at Bloomberg Intelligence, has expressed his bearish stance on Bitcoin despite its strong performance in the first half of the year.
