The U.S. Consumer Price Index came in roughly in line with expectations as market participants largely expects the Fed to leave interest rates unchanged at the January meeting.
Traders on Polymarket and Kalshi are shrugging off the idea that a criminal investigation into the chair of the Federal Reserve would have him removed from his role early.
The fund is betting on a liquidity wave driven by U.S. deficit spending and potential money printing by the Federal Reserve, which Hayes expects to support crypto prices.
Concerned that a CBDC will drain funds from traditional banks, regulators are considering caps on how much digital euro citizens can hold to ensure it's purely for payments.
The U.S. central bank has been mulling the idea of a "skinny" version of master accounts for firms that want payments access without the deeper Fed demands.
Combined with softer than expected October data, this morning's numbers point to at least a modestly weaker jobs market as the economy heads into the end of the year.
The anticipated move comes as policymakers are still operating without several key economic data releases that remain delayed or suspended due to the U.S. government shutdown.
Bitcoin pushed back above $92,000 during Monday?s Asia session as traders priced in a likely Federal Reserve rate cut this week; altcoins continued to lag.
Asian equities opened the week slightly higher ahead of a heavy run of central bank decisions, including a Federal Reserve meeting where markets have largely priced in a 25-basis-point rate cut.
A sharp sell-off following the CME bitcoin futures open, compounded by hawkish signals from the Bank of Japan, dragged the CoinDesk 20 down nearly 6% on Monday.
Bank of Israel Governor Amir Yaron said stablecoins can no longer be viewed as marginal, citing their trillion-dollar trading volumes and growing systemic risks.
The company adopted a bitcoin treasury plan by deploying a strategy inspired by Metaplanet (MTPLF), with 66% shareholder approval, to mitigate negative returns from government bonds.
Despite low sentiment and falling prices, Bitwise?s Andr? Dragosch says bitcoin is trading as if a recession is imminent, while macro growth expectations are already improving.
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