Analysts now see a greater chance that the U.S. federalreserve will raise its benchmark rate by 50 points next month — instead of the widely expected 25 points. The higher interest rates could spell trouble for risky assets like $BTC.
a new pilot involving “token-enabled playlists,”
allowing holders of non-fungible tokens to connect their wallets and listen to curated music. Spotify is offering this exclusively to token holders in the Fluf, Moonbirds, Kingship and Overlord communities for a three-month testing period. Spotify told CoinDesk that it"routinely conducts a number of tests in an effort to improve our user experience."The table shows the probabilities for the Federal Reserve rate hikes over the coming months.
Early this month, traders were confident that the Fed would hike its benchmark interest rate just by 25 basis points in March, but now they see a 26% chance of a 50 basis point rate hike in March.The Fed tightening is now seen extending into the third quarter, Marc Chandler, chief market strategist at Bannockburn Global Forex and the author of the Marc to Market blog, wrote in the daily newsletter.
Aggressive repricing of continued Fed rate hikes might put pressure on risky assets, including cryptocurrencies.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Mover Asia: Deconstructing Crypto's China NarrativeGood Morning Asia, here's what's making news today: 1) Bitcoin is testing $25K, but here's why $30K is important. 2) China tokens like Conflux ($CFX) are up because of the China narrative. But what is this narrative? thesamreynods reports
Read more »
First Mover Asia: Bitcoin Seesaws Above $24.1K Following Mixed FOMC MinutesGood Morning Asia, here's what's making news today: 1. Bitcoin sank immediately after FOMC minutes, then rallied above $24.1K. 2. Hundreds of fake ChatGPT tokens are luring unsuspecting crypto investors. JPRubin23 and ShauryaMalwa write
Read more »
This one chart shows why January's stock rally hit a wall in FebruaryInvesting Club: This one chart shows why January's stock rally hit a wall in February
Read more »
Jill Biden Makes 1st Visit To Africa As First LadyThe first lady made her first stop in Namibia.
Read more »
Scientists Witness The 'Tipping Point' of Alzheimer's in The Lab For The First TimeScientists have identified the exact point at which healthy brain proteins are shocked into the tangled mess that is commonly associated with Alzheimer's disease.
Read more »
First-generation, factory-sealed iPhone sells at auction for over 100 times original priceA factory-sealed first-generation iPhone from 2007 sold for $63,356.40 on Sunday at LCG Auctions, more than 100 times its original sales price of $599.
Read more »