Category: Federal Reserve

Bitcoin prints biggest hourly candle in history after BTC rebounds strongly to $54K

Bitcoin prints biggest hourly candle in history after BTC rebounds strongly to $54K

Bitcoin (BTC) fell below $50,000 on Feb. 22 as a correction gathered pace at Wall Street’s opening to deliver 20% daily losses prior to a strong response from the bulls.  BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview Bitcoin loses $6,000 in minutes Data from Cointelegraph Markets and TradingView shows BTC/USD falling heavily during Monday trading, hitting […]

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Why the US Needs Bitcoin

Why the US Needs Bitcoin

Elon Musk and other VIPs have endorsed it. Here’s why the Federal Reserve should seriously consider BTC for its balance sheet. The Federal Reserve building in Washington, D.C.(Stefani Reynolds/Bloomberg) Feb 17, 2021 at 2:30 p.m. UTC The United States will adopt bitcoin as a reserve asset. Why? Because it is unequivocally in U.S. strategic interests […]

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US Fed: CBDC a ‘very high priority’ to combat bad private sector money

US Fed: CBDC a ‘very high priority’ to combat bad private sector money

The United States Federal Reserve needs its own digital currency to protect against a possible overnight proliferation of stablecoin technology, says Fed chairman Jerome Powell. 7893 Total views 49 Total shares Cryptocurrency stablecoins could become systemically important overnight, says United States Federal Reserve Chairman Jerome Powell, and that’s why the Fed is determined to get […]

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