2019-5-11 23:45 |
The Boston Federal Reserve is close to launching their own private supervisory node. origin »
Bitcoin price in Telegram @btc_price_every_hour
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Bitcoin has a historical tendency to punish consensus, but the price action following the Federal Reserve’s December meeting offered a particularly sharp lesson in market structure over macro headlines.
Bitcoin began to gain wider attention in the October 2023 rally when it became more clear that so-called “spot” ETFs would be approved and launched soon. The launch of 11 ETFs on Jan. 11 was a milestone for the digital asset world and broke ETF records.
Bitcoin touches $60,000 ahead of a potential interest rate cut by the Federal Reserve, signaling market optimism amid falling reported inflation data.
Several major banks across the United States are currently experiencing deposit delays, according to a report from CNN on Nov. 3. That report suggests that Bank of America, Chase Bank, US Bank, Truist Bank, and Wells Fargo are among the banks that have experienced issues.
Despite some concerns within the web3 community about the Federal Reserve’s understanding of the evolving digital landscape, recent evidence suggests that these fears may be unfounded. The Fed has been diligently studying the intricacies of the web3 ecosystem and the technology underpinning it.
The debt ceiling is unlikely to hold as the government faces increased pressure from interest rate payments, a potential catalyst for Bitcoin and cryptocurrencies.
As investors’ euphoria over Bitcoin subsides, regulatory and macroeconomic headwinds resurface to negatively impact the BTC price.