Bitcoin moved sideways at around mid-$27,000 on Tuesday as investors awaited the latest U.S. inflation report on Wednesday. _jocelynyang_ reports
, which measures the overall crypto market performance, was up roughly a half percentage point for the day.In bond markets, the note on the 2-year Treasury yield rose 2 basis points to sit around 4.02%, while the 10-year Treasury yield was almost flat from Monday, same time, to reach 3.52%.
Investors across the board will be watching the CPI for clues about how the U.S. Federal Reserve will act at its next policy meeting in June. The Fed approved aearlier this month to push the Federal Funds rate to its highest level in 16 years. In an interview with CoinDesk, Mark Connors, head of research for Canadian crypto asset manager 3iQ, held the Fed accountable for the recent banking crisis and called the institution “both arsonist and firefighter by design."
"They [The Fed] want to reduce the footprint of banks [while] they want to consolidate it because they have lost control of financial stability because of foreign reliance, debt to GDP – and now inflation,” said Connors, who believes the Fed will eventually pivot to more dovish policy.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bitcoin Falls Below $27.5K as Investors Weigh Meme Mania, Binance Congestion IssuesBitcoin kicked off the US trading week falling below $27,500 in the afternoon as investors considered PEPE meme coin mania and the significance of Binance congestion issues. Ether fell well below the $1,900 level. _jocelynyang_ reports
Leer más »
'Rich Dad Poor Dad' Author Says World Banking System Collapsing, Doubles Down on His Bitcoin BetStick with Bitcoin, 'Rich Dad Poor Dad' author theRealKiyosaki says, here are his major reasons. $BTC
Leer más »
Binance Announces Lightning Network Withdrawal Implementation Amidst Bitcoin Network Congestion Issues – Exchanges Bitcoin NewsThe implementation of the Lightning Network by Binance would allow users to have the option of sidestepping the high fees collected by the BTC network when experiencing this kind of congestion.
Leer más »
Bitcoin Community Divided: Scaling Challenges Trigger Intense Debate as Mempool Overflows – Bitcoin NewsDuring the last two weeks, Bitcoin’s scaling challenges have sparked lots of controversy and diverse perspectives.
Leer más »
Bitcoin Cash (BCH) up 8%, Is This Growth Connected to Bitcoin?Bitcoin's network congestion appears to be responsible for growth of Bitcoin Cash (BCH)
Leer más »
DGA Leaders Lay Out Goals For Contract Talks That Start Wednesday – Watch The VideoThe Directors Guild of America has released a new video outlining its bargaining position on the eve its contract negotiations with the Alliance of Motion Picture and Television Producers, which get under way Wednesday (WATCH)
Leer más »