Fed – Page 23 – Ƀitsell X

Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’

May 25, 2022

Billionaire hedge fund manager and founder of Pershing Square Capital Management, Bill Ackman, believes “inflation is out of control.” The investor thinks that if the Federal Reserve “doesn’t do its job” by applying “aggressive monetary tightening,” the U.S. economy could collapse. Pershing Square Founder Bill Ackman Thinks ‘Inflation Is out of Control’ While the headlines…
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Billionaire Ray Dalio Speaks in Davos — Says ‘Blockchain Is Great, but Let’s Call It Digital Gold’

May 24, 2022

This week the world has been talking about the World Economic Forum (WEF) meeting in Davos, Switzerland, which started on May 22 and ends on May 26. At the event, Bridgewater Associates founder Ray Dalio spoke about today’s economy, the Federal Reserve, cash, and cryptocurrencies. Dalio noted at the WEF conference that he believes blockchain…
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Altcoin prices briefly rebounded, but derivatives metrics predict worsening conditions

May 20, 2022

Declining demand for Tether and negative futures premiums for altcoins reflect a growing disinterest from crypto investors. On May 12, the total crypto market capitalization reached its lowest close in 10 months and the metric continues to test the $1.23 trillion support level. However, the following seven days were reasonably calm while Bitcoin (BTC) gained…
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Pro traders adopt a hands-off approach as Bitcoin price explores new lows

May 9, 2022

Charts suggest BTC price will dip below $30,000, and derivatives data shows options traders becoming increasingly worried. Bitcoin’s (BTC) current 20% drop over the past four days has put the price at its lowest level in nine months and while these movements might seem extraordinary, quite a number of large listed companies and commodities faced…
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First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week

May 9, 2022

Clouds on the horizon grow nearer as markets prepare for more inflation cues this week. Bitcoin (BTC) starts the second week of May 2022 by bringing up bearish ghosts from its past — how much worse could the picture get for hodlers? After falling to nearly $33,000, the largest cryptocurrency is giving market participants, new…
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Peter Schiff Warns Economic Downturn in the US ‘Will Be Much Worse Than the Great Recession’

May 6, 2022

Following the Federal Reserve’s rate hike on Wednesday, economist Peter Schiff has had a lot to say since the U.S. central bank raised the benchmark rate by half a percentage point. Schiff further believes we are in a recession and says “it will be much worse than the Great Recession that followed the 2008 Financial…
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Strong US Dollar Posts 5-Week High, Markets Price in a 75 bps Fed Rate Hike for June

May 6, 2022

While precious metals, stocks, and cryptocurrencies saw a significant downturn this week, the U.S. dollar tapped a 20-year high against the Japanese yen and a number of other currencies. The greenback has seen five weeks of consecutive gains following the Federal Reserve’s 50 basis point rate hike on Wednesday. Greenback Climbs Higher Amid Economic Uncertainty…
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Bitcoin pushes to $40K, but are bulls strong enough to win Friday’s $735M options expiry?

May 4, 2022

$735 million in BTC options expire on May 6 and data suggests that the current macroeconomic conditions will continue to favor bears. Bitcoin (BTC) price has been stuck in a falling wedge pattern for the past two months and during this time it has tested the $37,600 support on multiple instances. Adding to this “bearish”…
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US Central Bank Raises Rates by Half a Percentage Point, Fed’s Powell Says Similar Hikes Are on the Table

May 4, 2022

The U.S. Federal Reserve raised the benchmark interest rate on Wednesday and the increase was the biggest rate hike in two decades. “Inflation is much too high,” the central bank’s chair Jerome Powell said after the Fed raised rates by 0.5%. FOMC Decides to Hike Rate by 3/4 to 1% — Increase Was the largest…
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Here’s why Bitcoin bears aim to pin BTC under $39K ahead of Friday’s $1.9B options expiry

April 27, 2022

Holding BTC price below $39,000 will give bears a $350 million profit in this week’s $1.9 billion options expiry. Up until April 25, Bitcoin (BTC) bulls had been defending the $38,000 level, but bulls were caught off-guard by the recent drop. As Bitcoin plunged from $46,700 to $37,700 between April 5 and 26, most of…
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