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Showing posts with the label federal reserve

Federal Reserve cuts interest rates by 25bps

The US Federal Reserve has cut interest rates by 25 bps, a move that was widely expected to be made amid sweeping changes in the US economy. The Fed previously left interest rates unchanged in July 2025, and this is the first reduction in rates since December 2024. Interest rates now sit at 4%-4.25%, the lowest since December 2022. BREAKING: Federal Reserve cuts interest rates by 25bps. — Watcher.Guru (@WatcherGuru) September 17, 2025 First Interest Rate Cut Since December, A Needed Move? In a press release, the Fed acknowledged that economic growth in the first half of the year “moderated” and the job market has “slowed.” “Job gains have slowed, and the unemployment rate has edged up but remains low. Inflation has moved up and remains somewhat elevated,” the Fed said. “In considering additional adjustments to the target range for the federal funds rate, the Committee will carefully assess incoming data, the evolving outlook, and the bala...

Pi Coin Falls 27%: Should You Buy The Dip?

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The cryptocurrency market has faced a correction today. The global crypto market has dipped 3.1% in the last 24 hours to $3.44 trillion. Bitcoin (BTC) tested the $105,000 level earlier this week. The original crypto has fallen to $102,000 today. Pi Coin (Pi Network/PI) also follows the current market trend. PI’s price has fallen 28.8% in the last 24 hours. Despite the dip, the asset is up 91% in the weekly charts, 91.5% in the 14-day charts, and 50% over the previous month. Also Read: Trump’s Tariff Backfires After Fresh China Deal Secures Beijing Win: 5 Key Losses Cryptocurrency Market Slumps Amid Liquidations Source: Watcher Guru The cryptocurrency market has seen $609.74 million worth of liquidations in the last 24 hours. Bitcoin (BTC) was set to face $1.45 billion in long liquidations if the asset fell to $102,700. Pi Coin’s recent dip is likely due to BTC’s dip to the $102,000 levels. $1.45 billion in long positions will be liquidated if #Bitcoin $BTC drops to $10...

AI Predicts VeChain's (VET) Price For Mid-May 2025

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The cryptocurrency market is experiencing quite a surge today. Bitcoin (BTC) is on the verge of crossing the $100,000 level once again. The global crypto market cap has risen 1.3% in the last 24 hours to $3.2 trillion. VeChain (VET) also follows a similar pattern. The asset has rallied 5.3% in the daily charts, 5% in the 14-day charts, and 27.9% over the previous month. Despite the rally, VET is down 2.7% over the last week and 23.8% since May 2024. Also Read: Pi Network Binance Listing: Pi Coin’s Price Jumps 8% to $0.63 Amid Deposit Tests Source: CoinGecko Cryptocurrencies Surge After Arizona Bill Source: Watcher Guru VET’s latest rally is likely due to Bitcoin (BTC) reclaiming the $99,000 price level. BTC’s rally could be due to the Arizona governor signing a Bitcoin reserve fund bill into law. The move comes as a relief to crypto enthusiasts. Florida state recently halted two crypto bills from the table. Arizona’s latest move may have helped elevate investor confide...

US Dollar Beats Canadian Dollar In A New Currency Overhaul

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The US dollar has sparked a major rally against a basket of currencies this week. The USD rally was primarily sparked by the Federal Reserve’s decision to cut rates by 25bps, bolstering momentum for the dollar to take charge of. This development has led USD to exude prestige over other currencies, crushing currencies like INR and Canadian dollars in the process. Also Read: Ripple: Here’s What XRP’s Immediate Price Target Is? Canadian Dollar Goes For A Toss Source: PlanetSpark The US dollar has emerged stronger on all fronts as it recently sparked a rally, defeating its global peers in the process. Per the Kobeissi Letter, the US dollar has managed to beat the Canadian dollar for the first time since March 2020, ushering in a wave of change in the recent currency dynamics. For the first time since March 2020, one USD is now worth $1.44 Canadian dollars, as currency dynamics continue to evolve with new elements setting in. “For the first time since March 2020, $1.00 US Dollar is now wort...

Solana Sees Biggest Institutional Outflows on Record Amid Slowdown in Memecoin Volume: CoinShares

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Digital assets manager CoinShares says that institutional crypto investors poured only minor inflows of capital into digital asset investment products last week. In its latest Digital Asset Fund Flows report, CoinShares says that Ethereum (ETH) competitor Solana (SOL) institutional crypto investment products saw record outflows last week amid an apparent loss of interest in memecoins. “Solana saw outflows of US$39m, the largest on record, as it faced a sharp decline in trading volumes of memecoins, on which it heavily relies.” Source: CoinShares According to CoinShares, last week marked a huge drop in trading volumes for institutional investment products due to a change in expectations of the Federal Reserve’s next move. “Weekly trading volumes on investment products fell to nearly 50% of the week prior at US$7.6bn, as recent macroeconomic data implied the FED were less likely to cut interest rates by 50 basis points in September.” ...

Donald Trump Says He Will Fire FED Chair Powell if Elected in 2024

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In an interview with Fox Business, Donald Trump says he will fire Federal Reserve Chair Jerome Powell if he is elected president in 2024. Moreover, Trump stated that he would “have a couple of choices” to appoint as Fed chairman, but was unwilling to share them in the interview. When asked about the potential re-appointment of the current Chairman, Trump accused him of being “political,” in his actions. Powell has held the position since 2018 and is the 16th Chair in the agency’s history. Interestingly, it was Trump who nominated Powell in 2017 to succeed Janet Yellen in the role. JUST IN: 🇺🇸 Former President Trump says he will fire FED Chair Jerome Powell if elected in 2024. pic.twitter.com/a9HEfHYHzR — Watcher.Guru (@WatcherGuru) February 2, 2024 Also Read: Donald Trump Vows to Block CBDCs, Credits Ramaswamy’s Guidance Trump to Replace Jerome Powell as FED Chair If Re-Elected to Presidency As many have expecte...

4 alarming charts for Bitcoin bulls as $27K becomes formidable hurdle

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The price of Bitcoin can fall to $15,000 in 2023 if its strengthening correlation with certain macro charts is any indication. Bitcoin (BTC) has rallied nearly 60% to around $27,000 in 2023 amid anticipations that the Federal Reserve would pause its quantitative tightening amid the U.S. banking crisis. Still, BTC price has failed to move beyond $30,000 decisively. Buying exhaustion at this key psychological level led to a price correction toward $25,000 over the past week. Interestingly, the decline has strengthened Bitcoin's correlation with several traditional financial metrics. But does this raise the risk of Bitcoin continuing its downtrend in Q2? Let's have a closer look. U.S. dollar index's double bottom The U.S. dollar index (DXY), which measures the greenback's strength against a basket of top foreign currencies, rose 1.4% to 102.70 in the week ending May 14. The rise marked the dollar's best week since September 2022. Interestingly, the dollar's rise l...

Florida Governor Ron DeSantis Says Federal Reserve Digital Dollar Threatens US Financial Freedom

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Speaking on the recent FedNow announcement, Florida Governor Ron DeSantis says that a Federal Reserve digital dollar threatens US financial freedom. Specifically, the potential 2024 presidential candidate says a CBDC could be nefariously utilized by the government to “control,” American finances. Speaking at a Pennsylvania conference, DeSantis addressed the potential implementation of FED-issued digital currency. Moreover, he spoke on how this development could allow the government to interfere with, or even block, citizens’ transactions. Florida Governor Ron DeSantis says a Federal Reserve digital dollar threatens US financial freedom. — Watcher.Guru (@WatcherGuru) April 7, 2023 DeSantis Attacks FED Digital Dollar Joining a recent outcry against the Federal Reserves FedNow system is yet another potential presidential candidate for 2024. Previously, Robert F. Kennedy spoke against the potential integration of a FED-developed digital dollar, and what that could me...

Elon Musk slams ‘heavy-handed’ Fed as ex-BitMEX CEO sees $1M BTC price

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Bitcoin-friendly Musk is no fan of the Fed’s inflation policy, he reveals, as Arthur Hayes says U.S. economic decisions are sending BTC price on a path to $1 million. The United States Federal Reserve has been “too heavy-handed ” in taming inflation, said pro- Bitcoin (BTC) Tesla and Twitter CEO Elon Musk. In a Twitter debate on March 29, Musk directly criticized U.S. macroeconomic policy, including “excess government spending.” Musk: Fed policy is a “serious issue” Bitcoin and crypto markets remain extremely sensitive to Fed cues on interest rate policy. Despite inflation gradually coming down, the Fed has continued to hike rates even as banks feel the pressure and several collapses. For Musk, this is already a case of going too far — with banking crisis contagion spreading to Europe, the U.S. dollar, he agrees, is quickly losing appeal. In a response to a thread on dollar supremacy by Genevieve Roch-Decter, CEO of financial insights firm Grit Capital, Musk did not mince his words. “...

Crypto market cap reclaims $1T, and derivatives point to further upside

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Bitcoin's performance has outpaced Warren Buffett's Berkshire Hathaway over the past six months as crypto markets appear to have turned a corner. The total crypto market capitalization increased by 26% in seven days, reaching $1.16 trillion on March 17. Bitcoin (BTC) was the biggest winner among the top 20 coins, up 31.5%, though some altcoins gained 50% or more during that period. Total crypto market cap in USD, 12-hour. Source: TradingView The surge in cryptocurrency prices occurred as the United States Federal Reserve was forced to lend banks $300 billion in emergency funds. According to PBS News Hour, nearly half of the money went to failed financial institutions Silicon Valley Bank and Signature Bank and was used to pay uninsured depositors. The remaining $153 billion was obtained through a long-standing program known as the "discount window," which allows banks to borrow funds for up to 90 days. While appearing to protect the banking sector, additional funding ...