Bitcoin experienced a notable recovery, surging past $80,000 following comments from a Federal Reserve official hinting at potential market stabilization measures. This largely positive movement came after Bitcoin surprisingly earlier in the week dropped to a year-to-date low. The positive sentiment spread to the broader crypto market, as most of...
The entire cryptocurrency market is highly speculative and, as we’ve seen this week, volatile. Bitcoin, the original cryptocurrency, is still known for its sudden volatility. These changes are due to many reasons such as technological development, regulatory news, and macroeconomic activity. Just the recent prospect of intervention from the Federal...
And then, sure enough, the Federal Reserve—doing its best impression of a well-meaning colossus– is prepared to “support liquidity” during a crypto market meltdown. Don’t worry, Boston Fed President Susan Collins promises us—they’ve got the tools to intervene if things get dicey. But before we pop the bubbly in exuberance,...