Bitcoin is trading in tandem with stocks? This chart shows that relationship as markets face a more hawkish Fed

Bitcoin is trading in tandem with stocks? This chart shows that relationship as markets face a more hawkish Fed

This argument has always existed ā€” some bitcoin proponents have described the cryptocurrency as ā€œdigital gold,ā€ an inflation hedge and a store of value. But others point out that Bitcoin was recently traded side by side With the sentiment around the stock market, especially over the past few months, as investors adjust to the Federal … Read more

The crypto market is uneasy about the Fed meeting and high inflation. Here’s why

The crypto market is uneasy about the Fed meeting and high inflation. Here's why

Cryptocurrency investors are closely watching this week’s Federal Reserve meeting, as the market expects the central bank to announce a faster cut in the pace of bond purchases as inflation rises in the US. Facing Macroeconomic Uncertainty, Bitcoin BTCUSD, -3.39% It has fallen more than 30% from its all-time high of $68,991 in November, and … Read more

Stock Market Today: Tech Stocks Slipped as Bond Yields Spiked, Bitcoin Dipped

Stock Market Today: Tech Stocks Slipped as Bond Yields Spiked, Bitcoin Dipped

Technology shares were sold off again as bond yields rose on Friday, following the release of the December jobs report. Markets remain confident that the Fed will act quickly to raise interest rates. the Dow Jones Industrial Average It was basically flat and closed only 5 points lower, after the index fell 170 points on … Read more

Stock Market Today: Tech Stocks Recover, Bond Yields Rise, Bitcoin Slides

Stock Market Today: Tech Stocks Recover, Bond Yields Rise, Bitcoin Slides

Technology shares were recovering Thursday after selling off as bond yields soared to epidemic-era highs. In midday trading, the Dow Jones Industrial Average The index fell 102 points, or 0.3%, after the index fell 392 points, or more than 1%, on Wednesday. the Standard & Poor’s 500 It rose 0.1%, while heavy technology Nasdaq Composite … Read more

Bitcoin, ether tumble after Fed minutes show talk of quicker end to easy policy stance

Bitcoin, ether tumble after Fed minutes show talk of quicker end to easy policy stance

Major cryptocurrencies fell on Wednesday, minutes after the Federal Open Market Committee’s December meeting showed that some officials had extensive discussions about how to more quickly move away from its current easy monetary stance by raising rates and shrinking its $8.67 trillion balance sheet. Bitcoin BTCUSD It dropped more than $2,500 after the minutes were … Read more