The cryptocurrency’s most recent spike ended up being a flash in the pan $BTC
The U.S. Federal Reserve is widely expected to announce its first rate hike in years on Wednesday. An increase of 25 basis points seems to have been proved in by the market, but there’s always room for surprises. If the Fed doesn’t start a tightening cycle on March 16, it will give Bitcoin a major boost, but such a scenario seems extremely unlikely.
In February, banking behemoth Goldman Sachs predicted that the Fed would have to hike rates seven times in 2022. The central bank is under immense pressure to tame out-of-control inflation, which recently reached a 40-year peak. The Fed’s aggressive shift to tightening paints a grim picture for risk assets such as tech stocks and Bitcoin.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
The Biggest Lie About Florida’s “Don’t Say Gay” Bill Erases One Crucial WordA close reading shows how the measure’s supporters obscure the sweeping scope of its censorship.
Leer más »
AUD/USD pulls back below 0.7200, gives away daily gainsThe aussie has erased previous gains during Tuesday’s US trading session, pulling back below 0.7200 after hitting intra-day highs at 0.7225. The pair
Leer más »
Bitcoin (BTC) Continues Sideways Trend, Closes Another Week With Long WickBitcoin (BTC) created a slightly bearish candlestick in the weekly time frame and the majority of other technical readings remain neutral.
Leer más »
EU Committee Rejects Proposal to Ban PoW Networks Such as BitcoinQuick take: The EU’s ECON committee has voted against a proposal to ban proof-of-work crypto networks in the region 32 members of the committee voted against the proposal with 24 in favor The proposal was meant to target proof-of-work networks such as Bitcoin’s that did not meet environmental...
Leer más »
Here's Scenario When Bitcoin Likely to Go Up: Peter SchiffChairman of SchiffGold and vocal Bitcoin critic has suggested a scenario in which the Bitcoin price may begin to appreciate; however, he does not seem to believe it
Leer más »
Bitcoin sees 'mother of all consolidations' as $40K BTC price squeeze failsBTC price action tries and fails to retake $40,000 in a fresh Bitcoin squeeze.
Leer más »