Global #Federal Reserve

Dogecoin (DOGE) took a hit on Wednesday, dropping 9% as the Federal Reserve's hawkish stance dampened investor sentiment.

The conversation around Bitcoin (BTC) as a reserve asset has gained momentum at the state level, particularly with recent moves from Russia and the United States.

In recent years, credit card debt in the U.S. has reached alarming levels, with interest rates surging to an unprecedented 23.4%. This represents a significant increase from previous years, coinciding with the total credit card debt surpassing the $1 trillion mark.

Bitcoin has experienced a notable rise, recently surpassing $65,000, fueled by a confluence of factors that analysts suggest could lead to further increases.

JPMorgan Chase and Bank of America have recently revised their forecasts regarding a potential interest rate cut by the Federal Reserve in November. Citing a robust labor market, both banks now expect the Fed to implement a quarter-point reduction, shifting away from earlier predictions that suggested a more substantial cut due to anticipated economic weakening.

In an era where digital assets are increasingly shaping the financial landscape, the proposal for a National Bitcoin Reserve has begun to attract significant attention from both sides of the political aisle.

The price of gold has reached a historic milestone, surpassing $2,660 per ounce after experiencing a remarkable increase of over 30% this year.

The price of gold has soared to an all-time high of $2,629 per ounce on September 23, driven by a recent interest rate cut from the U.S. Federal Reserve.

On September 19, Bitcoin's price action took center stage as the cryptocurrency sought to establish $62,000 as a new support level. This movement comes on the heels of a surprising decision by the United States Federal Reserve to implement a rare 0.5% interest rate cut, stirring markets and prompting investors to reassess their positions.

Analysts at Bernstein have painted a positive picture for decentralized finance (DeFi) despite widespread concerns that potential Federal Reserve interest rate cuts could negatively impact Bitcoin and Ethereum.

Bitcoin has experienced a decline of 2.6% on Monday, trading at $58,470 as of 10:41 a.m. in Singapore. The broader cryptocurrency market is under pressure as investors prepare for the Federal Reserve’s anticipated first interest rate cut in over four years.

On September 4, 2024, the Federal Reserve issued a cease and desist order against United Texas Bank, a financial institution known for its engagement with cryptocurrency clients.