A Long-Term Bet, Restated Strategy Executive Chairman Michael Saylor’s company touted its multiyear stock performance this week, telling followers that MSTR has delivered a 42% annualized return since the software firm pivoted to a bitcoin-based treasury strategy on Aug. 10, 2020. The figure beats bitcoin ($BTC), the so-called Magnificent Seven group of large-cap technology stocks,
The Fed, as expected, kept its policy interest rate unchanged at 3.50-3.75 percent. Thus, the Fed did not change interest rates for the fifth consecutive meeting. The Federal Open Market Committee (FOMC) decision was made with a 9-3 vote. Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari, and Dallas Fed President Lorie Logan
Bitcoin ($BTC) whipsawed around $64,000 on Wednesday as geopolitical and macroeconomic tensions pressured US stocks. Key points: Bitcoin constricts near $64,000 as traders contend with multiple macro headwinds. Downside in Asian stocks continues to spill over into US markets. The US Federal Reserve prepares to release its next interest-rate decision, a potential risk-asset volatility catalyst.
The Federal Reserve kept its policy interest rate unchanged at 3.50–3.75 percent at its July monetary policy meeting. The decision was made with a 9-3 vote, with three Fed officials voting for an interest rate increase, indicating a strengthening demand for tighter monetary policy within the bank. Beth Hammack, Neel Kashkari, and Lorie Logan, who
The Federal Reserve left its benchmark fed funds rate range unchanged at 3.50%-3.75% on Wednesday, extending its pause for a sixth consecutive meeting as policymakers continue to grapple with stubborn inflation. The decision came after one of the most uncertain pre-meeting setups in years. Futures markets had assigned roughly a 65% probability to a hold
The Fed kept interest rates unchanged, as expected. All eyes are now on Federal Reserve Chairman Kevin Warsh’s press conference, scheduled for 9:00 PM (2:30 PM ET). Here’s Bitcoin’s reaction after the interest rate decision: New Fed chairman Kevin Warsh, like his predecessor Jerome Powell, has repeatedly emphasized the importance of controlling inflation. Some investors
The crypto industry is entering a consolidation phase that goes deeper than anything seen in previous bear markets, according to ARK Invest researcher Lorenzo Valente. The warning isn’t abstract: capital is concentrating fast, weak projects are being flushed out, and the fallout — in the form of bankruptcies, shutdowns, and forced mergers — is only
Bernstein cut its price target on Circle Internet Group ) to $140 from $190 Wednesday but kept its Outperform rating, saying the Open USD consortium threat that hammered the stock will fade. Why Bernstein Cut The Target But Kept The Bull Case? Analyst Gautam Chhugani said in the note cited by The Block that Circle’s
Bitcoin is testing a crucial support zone after losing momentum above $65,000. The charts point to a possible rebound if buyers defend $62,000, but a rejection near $65,000 could send $BTC toward $60,000. Bitcoin’s $62,000-$65,000 Support Faces a Critical Test Ted’s daily Bitcoin chart shows $BTC trading near $63,459 after failing to hold above $65,000.
Former senior Fed advisor Jon Faust said he does not expect the Fed to raise interest rates at its Federal Open Market Committee (FOMC) meeting, which concludes today. Faust shared the view that the Fed would not try to gain credibility by deliberately surprising the market. In his assessment today, Faust noted that Fed Chairman