The week in markets: Crypto earnings, the Fed and bitcoin back above $21,000

  • 📰 TheBlock__
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

Crypto earnings were reported through the week while the Fed delivered its fourth consecutive 75 basis point interest rate increase.

The Fed signaled the pace of interest-rate hikes may slow, although rates are expected to be higher than previously planned.

Crypto prices ticked up over the past seven days as some crypto-related stocks gained after earnings. Markets whipsawed after the announcement as Fed Chair Jerome Powell said it's premature to think about pausing rate increases. Still, the Federal Open Market Committee indicated its latest rateexpenses had fallen. Total expenses fell to $1.1 billion from $1.8 billion in the previous quarter.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 464. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

FTX Ventures' Amy Wu: VC deals during bull market lacked proper due diligenceCrypto VCs discuss investing in a bear market, contrasting it with investing when prices were booming. Semmakara6666email.com Every single shitcoin on solana eco with fdv 500b was seeded by alameda ReSeaRcH loll due dilligence yes
Source: TheBlock__ - 🏆 464. / 53 Read more »