News
Fed Blames AI Demand Boom for Rising US Inflation
4+ day, 14+ hour ago (469+ words) Ongoing strong demand for AI infrastructure “would likely sustain upward pressure on prices for technology products and electricity,” Federal Reserve policymakers said. Federal Reserve officials were split last month on whether to increase interest rates or keep them steady, with…...
MetaMask Launches Money Account With 4% DeFi Yield
1+ week, 6+ day ago (82+ words) MetaMask introduces Money Account enabling yield on its mUSD stablecoin and global card spending via DeFi vaults on Monad with up to 4% APY....
Can Bitcoin Avoid A $60,000 Support Loss As US Stocks Rebound?
1+ week, 6+ day ago (153+ words) Bitcoin diverges from US stocks again as BTC price support at $60,000 stays absent despite US-Iran peace hopes boosting equities to start the week....
US Senate Bans Federal Reserve CBDC in Housing Bill
2+ week, 6+ day ago (418+ words) The Senate voted 85-5 to pass a major housing affordability bill that includes a ban on the Federal Reserve making a central bank digital currency until 2030. The US Senate has passed housing legislation that includes a ban on the Federal Reserve…...
Bitcoin Surfs Hawkish Fed, New Iran Cues With Price tapping $63,000
3+ week, 2+ day ago (453+ words) Bitcoin price action avoided volatility but failed to bounce from local lows after a hawkish Fed meeting and posturing over Strait of Hormuz control from Iran. Bitcoin (BTC) rose above $63,000 on Friday as markets adjusted to geopolitical and macro changes....
Goldman Sachs Cuts Gold target by $500 on Fed Rate Cut Delay
3+ week, 3+ day ago (373+ words) Goldman Sachs revised its year-end forecast for gold to $4,900, indicating an increase from current levels, but less than previously expected. Goldman Sachs lowered its year-end gold forecast by $500 an ounce, citing expectations that the US Federal Reserve won’t cut interest…...
Bitcoin's 'Deep Value' Discount Faces Hawkish Fed Test: Bitwise
3+ week, 3+ day ago (657+ words) Bitwise analysts say Bitcoin trades in a historical value zone, but hawkish Federal Reserve signals and a competition for liquidity could sideline buyers. Bitcoin's (BTC) valuation metrics continue to highlight a deep discount even as markets brace for a potentially…...
Bitcoin Traders Weigh in on BTC After FOMC With $55,000 Still a Target
3+ week, 5+ day ago (365+ words) Bitcoin approached important near-term support on new Fed chair Kevin Warsh's first FOMC day with a $55,000 BTC price target still on the table. Bitcoin (BTC) fell below $65,000 on Wednesday as traders predicted the impact of a key macro event. Data…...
US Inflation Hits 3-Year High, Pressuring Bitcoin and Gold
1+ mon, 2+ day ago (87+ words) US CPI hit 4.2% in May as Iran war energy costs surged, dimming rate-cut hopes and pressuring Bitcoin and other assets....
Bitcoin Jumps Despite 3-Year High US Inflation: Will BTC Price Keep Rising in June?
1+ mon, 2+ day ago (103+ words) BTC's rebound shows signs of weakening under a string of technical resistance levels, raising the odds of a dip below $60,000 in June....