- The interplay between the Iran situation, Fed policy, and FOMC decisions is affecting global oil markets and Bitcoin prices.
- Geopolitical tensions in the Middle East, including the Strait of Hormuz, are impacting oil supply, fueling inflation, and testing the limits of Fed policy and Bitcoin's viability.
- Interest rate hikes are increasing the opportunity cost for crypto, while spiking oil prices reinforce fears of further rate hikes by the FED.
The Fed's tightening policy, coupled with supply shock concerns, led to a crypto rally and prompted Goldman Sachs to adjust its rate hike forecast.
1 report, 1 independent
Updated Sep 17
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What happened
The Fed's tightening policy, coupled with supply shock concerns, led to a crypto rally and prompted Goldman Sachs to adjust its rate hike forecast.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Fed Chair spoke at IMF meetings, leading to downward repricing of rate hike expectations and supporting crypto sentiment.Sub-event
Fed rate hike caused a crypto rally, while Goldman Sachs moved its hike forecast forward amid tightening.1 source
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The entities involved
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FED
business
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Bitcoin
digital cash system and associated currency
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Goldman Sachs
American investment bank
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- FED Governor Christopher Waller discussed how rate policy affects crypto risk assets and overall market appetite.
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