Bitcoin, Ethereum, Stocks Drop as Fed Confirms Tapering Schedule
With inflation well above 2% and a strong labor market, the US Federal Reserve (Fed) said it expects it will soon be appropriate to raise the target range for the federal funds rate. The Fed also decided to continue to r...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
With inflation well above 2% and a strong labor market, the US Federal Reserve (Fed) said it expects it will soon be appropriate to raise the target range for the federal funds rate. The Fed also decided to continue to reduce the monthly pace of its net asset purchases, bringing them to an end in early March. ...
Read More: Bitcoin, Ethereum, Stocks Drop as Fed Confirms Tapering Schedule
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Ethereum surges above $2,300, adding $47B in market value in just two days
Ethereum's surge highlights the growing institutional interest and potential volatility due to concentrated staking, impacting fut...
XStocks tokenized equities hit $186M AUM, with Ethereum’s STRCx leading by market cap
Tokenized equities' growth highlights a shift towards 24/7 trading and DeFi integration, potentially reshaping traditional financi...
Bitcoin’s $69,000 breakout now hinges on yields after Fed warns more tightening may be needed
Bitcoin ran from around $64,100 to nearly $70,000 within hours on Aug. 19, once the US Treasury unexpectedly doubled its planned b...
Ethereum exchange balances drop 10% as Bitcoin sees inflow
The shift in crypto exchange balances highlights evolving investor strategies, emphasizing self-custody and staking over tradition...
SEC’s $75M Reg Crypto Plan Could Ignite Token Fundraising on Ethereum, Solana, BNB
Key Takeaways: Regulatory agencies proposed Reg Crypto for clearer guidelines on token fundraising. Grayscale believes there is up...
Bitcoin Hits $70,000 as Trump Pushes CLARITY Act, Hyperliquid Surges and $1.4 Billion in Shorts Get Wiped Out
By late trading, Bitcoin was changing hands around $69,200, up approximately 7% over 24 hours after starting the session near $64,...