Celsius CEO Alex Mashinsky “took control” of the firm’s trading strategy in January on a hunch that the US Federal Reserve would raise interest rates, according to a report by the Financia...
Tag: Fed Reserve
The US economy declined by 0.9% during the second quarter
According to data released on Thursday, the US economy shrank by 0.9% during the second quarter of 2022. Following a decline of 1.6% in the first quarter the US economy shrunk by 0.9%, according to Th...
Bitcoin fluctuates as Federal Reserve raises key interest rate by 75 basis points
The US Federal Reserve has raised the US federal funds rate to 2.5%, an increase of 75 basis points. Wednesday’s decision was largely expected, with the market pricing in a rise of 75 basis points ah...
Crypto market contracts as the Fed’s next interest rate decision looms
Crypto markets traded down Tuesday ahead of tomorrow’s US Federal Reserve interest rate announcement. The Fed is widely expected to increase the US federal funds rate by 75 basis points tomorr...