“The committee judges that similar reductions in the pace of net asset purchases will likely be appropriate each month, but it is prepared to adjust the pace of purchases if warranted by changes in the economic outlook,” the Fed’s monetary policy committee, known as the Federal Open Market Committee, or FOMC, said in the statement. Source link … [Read more...] about Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets
Fueled
Exchange inflows, on-chain data show retail traders fueled Bitcoin’s sell-off
For the crypto faithful who have been in the space since 2017, the market moves over the past few days have caused flashbacks for some, stirring up long-repressed memories of Bitcoin’s (BTC) fall from $20,000 to $3,000 at what was the start of a long, two-year "crypto winter." The 50% plunge in Bitcoin's price from just shy of $60,000 on May 10 to a low of $30,000 during the … [Read more...] about Exchange inflows, on-chain data show retail traders fueled Bitcoin’s sell-off