Archive: rate hike
Inflation Holds the Key to Market Performance in 2023
By Vin Narayanan on February 3, 2023
Crypto Market Musings I’m not ready to start singing “Happy Days Are Here Again” (the Annette Hanshaw version, NOT the inferior Carole King or Barbra Streisand versions). But I am starting to hum Bobby McFerrin’s “Don’t Worry Be Happy.” The Federal Reserve raised its target interest rate by…
A Strong Dollar Drives Bitcoin’s Price Down
By Vin Narayanan on July 15, 2022
Crypto Market Musings Phew. June inflation numbers came in hot on Wednesday — and the markets mostly yawned. Bitcoin is trading (as of this writing) at around $20,000. It was trading around $21,000 last week. Ethereum is trading around $1,131. It…
The Crypto Market Seems to Have Hit Bottom… for Now
By Vin Narayanan on January 28, 2022
2022 has already been an interesting year for crypto. How interesting depends on your perspective. Let’s take bitcoin, for example. Here what bitcoin’s chart looks like: 1 Day: +0.33% 5 Day: +5.4%…