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Last week, funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

2024.12.16 14:48:36

In the past 7 days, #Bitcoin's TVL increased by $3.09B, #Etherum's TVL increased by $2.22B, and #Hyperliquid's TVL increased by $1.87B.

Funds have flowed into #Bitcoin, #Ethereum, and #Hyperliquid.

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Powell will hold a monetary policy press conference in five minutes

Jan. 29: Federal Reserve Chair Powell to hold monetary policy press conference in 5 minutes.

3 minutes ago

Powell Expected to Sidestep Exchange Rate Issue, Maintain Non-Intervention Stance

On January 29th, former Federal Reserve Vice Chair Richard Clarida said he expects Federal Reserve Chair Jerome Powell will not address the dollar during today’s Q&A session. “The Fed is avoiding any and all discussion of exchange rates,” Clarida noted. (FX678)

3 minutes ago

Goldman Sachs: Expects Fed to Resume Rate Cut Later This Year

On January 29, Goldman Sachs analyst Kaie Hayashida said that given strong economic data and signs of stabilization in the labor market, the Federal Reserve is likely to keep its current policy on hold temporarily. That said, we anticipate rate cuts will resume later this year as slowing inflation enables the Fed to deliver two additional "normalization" rate cuts, pushing rates back to the neutral level as viewed by Federal Open Market Committee (FOMC) members. (FXStreet)

3 minutes ago

Following the interest rate decision announcement, the cryptocurrency market experienced no significant short-term volatility, while gold and silver saw a general rise

January 29: The Federal Reserve held interest rates steady today, citing persistently high inflation and steady economic growth. The policy statement provided little clarity on when the next rate cut could occur. In a 10-2 vote, the Fed kept its benchmark interest rate in the 3.50%-3.75% range. The cryptocurrency market showed no major short-term fluctuations following the rate decision, with Bitcoin trading sideways around $89,500. Precious metals rose across the board: gold is currently trading at $2,296.87 per ounce, up 2.32% over the past 24 hours; silver is at $113.31 per ounce, up 0.91% over the same period.

3 minutes ago

Analyst: Powell Press Conference Expected to Dodge Resignation Speculation

On January 29, Pepperston analyst Michael Brown noted that the policy statement has barely changed, though the assessment of economic conditions has been revised upward to reflect a "prudent" pace of growth. He added that attention will shift to the press conference, where Fed Chair Powell may indicate the current federal funds rate already falls within the reasonable range of the neutral rate—but he will likely strongly avoid any questions about the period after May. (FX678)

3 minutes ago

Market's Bet on Fed Rate Cut Sees Slight Shift

The Federal Reserve held interest rates steady as scheduled on January 29, per its post-decision statement. Rate futures contracts now reflect a 28% probability of a rate cut in April — Powell’s final meeting as Fed Chair — slightly below prior levels. Meanwhile, the chance of a June rate cut has climbed to 64%, up from before, with a second cut later this year highly likely. (Source: FX678)

3 minutes ago