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🌙 Fed's Market Response: What It Means for Bitcoin's Future

The Federal Reserve is called upon to cut rates urgently amid a global market selloff.

Author

Mike Gavela
August 05, 2024

In partnership with

Crypto Roundup - August 5

The recent market turbulence has prompted reactions from key figures and institutions. The Federal Reserve's response to the market selloff has significant implications for Bitcoin prices. While the Fed has signaled caution, the volatility in crypto markets remains a concern for investors. Meanwhile, former President Donald Trump has strongly advocated for the U.S. to maintain and expand its cryptocurrency holdings, criticizing current regulatory efforts and proposing policies to support the industry. Trump's stance contrasts with the Biden administration’s more stringent regulatory approach, which he claims is driving crypto innovation out of the U.S. Additionally, Japan's economic policies have caused ripples in global markets, further adding to the uncertainty in the financial landscape.

Top Stories:

  • Fed's cautious stance on market selloff impacts Bitcoin prices.

  • Trump advocates for U.S. to hold and expand cryptocurrency assets, opposing Biden's regulations.

  • Japan's economic policies trigger global market turbulence.

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TOP STORIES

How the Fed will react to the market’s bloodbath — and what it means for crypto

The Federal Reserve is called upon to cut rates urgently amid a global market selloff.

www.dlnews.com/articles/markets/what-fed-reaction-to-market-selloff-means-for-bitcoin-price

Donald Trump says the US government shouldn't sell its cryptocurrency

While appearing on a livestream Monday, presidential candidate Donald Trump again touted bitcoin, calling it "a very modern currency."

www.theblock.co/post/309588/donald-trump-says-the-us-government-shouldnt-sell-its-cryptocurrency

Here’s an ELI5 on on How Japan Sent Global Markets Tumbling - "The Defiant"

0.25% – just a blip in crypto terms, but enough to cause a domino effect that’s rippling and causing havoc across global markets.

thedefiant.io/news/markets/here-s-an-eli5-on-on-how-japan-sent-global-markets-tumbling

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OTHER HEADLINES

Jump Trading’s Ether dump: Smart move or sign of trouble?

Jump Trading’s aggressive Ether sell-off, coinciding with Japan’s market crash, raises questions about their strategy and market exit.

cointelegraph.com/news/jump-trading-ether-dump-smart-move-trouble

Polymarket sees $1.4 million bet on federal rate cut after market crash

The wager joins other predictions as Polymarket users bet on how the Federal Reserve will act during the broader market downturn.

www.theblock.co/post/309444/polymarket-1-4-million-bet-federal-interest-rate-cut-market-crash

Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash

Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdowns during previous bull markets.

www.coindesk.com/markets/2024/08/05/bitcoin-bounces-to-53k-after-brutal-sell-off-reminiscent-of-covid-crash

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