The United States Federal Reserve just made history by issuing a fourth-straight three-quarter-point rate hike this week. As expected, the FED announced a 0.75% interest raise. With the massive increase, the central bank’s benchmark lending rate now has a new target range of 3.75% to 4%, reaching the country’s highest interest rate since 2008. The […]
The past couple of months has not been kind to cryptocurrencies. Post-pandemic, nations all around the world found themselves on the verge of a serious recession. Since then, entities like the U.S. Securities and Exchanges Commission adopted a policy of hiking up interest rates as a way to battle the nation’s crippling inflation. This move […]
The two biggest cryptocurrencies in terms of market capitalization, bitcoin (BTC) and Ethereum (ETH), started off the week on a downtrend, ahead of the U.S. data release week. Lately, Bitcoin has been struggling to get out of the US$19,000, while Ethereum is also failing to pick up a significant upward trend. Despite a similar price […]
