Fed's Miran: Innovation In Crypto Currencies Impacting Economy, Merits Fed Attention

JEFFERSON: THE FED HAS ENOUGH DATA TO MAKE POLICY, BUT NOT QUESTION THAT OFFICIAL DATA IS THE GOLD STANDARD

Crypto just lost $1 trillion in market value. Bitcoin, Ether, and Solana all plunged as investors digested the Fed’s latest comments and fears of a tech bubble. Despite being designed as a hedge against traditional markets, crypto still seems to move in lockstep with them. This video explains why that might not change anytime soon.

Over the past day, the crypto market has lost the 1% it gained the previous day, reverting to $3.4 trillion, the level of local lows that served as resistance in the middle of the year. Bitcoin has managed to stay above $100K, with an apparent increase in buying as it approaches this psychologically important round level. Moreover, BTC continues to hover ...