Author: NBTC

Fed Chairman Jerome Powell speaks at the 2025 U.S. Monetary Policy Forum at the University of Chicago Booth School of Business in New York. Here are the highlights from Powell’s critical speech: The Fed is in no rush to adjust interest rates. The labor market is solid and generally balanced. Inflation is slightly above the 2% target but is gradually approaching it. Uncertainty about the Trump administration’s policies and their economic impact remains high. Some recent inflation expectations surveys and market indicators have shown increases due to tariffs. Most long-term inflation expectations remain stable and consistent with the 2% target.…

Story Protocol’s IP token is up 149% over the last 24 hours to a current price of $6.72, per data from CoinGecko, extending its weekly gains to more than 261% as it climbed inside the top 100 cryptocurrencies by market cap for the first time. The token, which is now up more than 500% from its all-time low of $1.00, launched last week alongside Story Protocol’s layer-1 mainnet rollout and token airdrop. The token jumped as high as $7.00 on Friday afternoon, marking a new all-time high for IP. A major price catalyst is not immediately clear, though the platform…

Congressman Thomas Massie (R-KY) reintroduced his bill to abolish the Federal Reserve on Thursday, calling the central bank the root cause of inflation and economic instability. The legislation, known as H.R. 1846, the Federal Reserve Board Abolition Act, would dismantle the entire Fed system, including the Board of Governors and all 12 regional banks. If passed, the bill would wipe out the 1913 Federal Reserve Act, effectively erasing over a century of central banking in the United States. Massie, who has been a longtime critic of the Fed, said the central bank devalues the dollar, enables reckless government spending, and…

Jurrien Timmer, director of global macro at Fidelity, has once again drawn parallels between Bitcoin and gold, claiming that these two assets are playing on the same team. Timmer has compared how gold and its digital version respond to monetary expansion (M2 growth). The executive has noted that gold has had a linear correlation with M2 over the past decades. At the same time, Bitcoin follows a power curve, meaning that the cryptocurrency has experienced exponential growth during a period with substantial liquidity expansion. The comparison shows that the two assets indeed play on the same team, but Bitcoin tends…

Ethereum price has crashed this year, as its on-chain metrics waned and spot ETH exchange-traded funds (ETF) outflows rose. ETH has crashed in the last two consecutive weeks, and is hovering at its lowest level since December 2023. Let’s explore why the value of Ethereum coin may continue falling in the near term. Ethereum price has weak technicals The weekly chart shows that the coin has been in a strong downward trend in the past few months. It has formed a triple-top chart pattern at about $4,050. This pattern is made up of three twin peaks and a neckline, which…

In a speech delivered today at the U.S. Monetary Policy Forum in New York City, Federal Reserve Chair Jerome Powell emphasized the central bank’s cautious approach amid prevailing economic uncertainties. Powell reiterated the Federal Reserve’s readiness to maintain current interest rates, adopting a “wait and see” stance as it monitors the impacts of recent policy changes and economic indicators. “We do not need to be in a hurry, and are well positioned to wait for greater clarity,” he said. Powell highlighted the robustness of the U.S. labor market, noting that employers added 151,000 jobs in February, bringing the average monthly…

Despite favorable odds for approval, the debut of exchange-traded funds based on the price of Solana in the U.S. is far from certain pending regulatory review, ongoing enforcement actions, and public comment on the multiple filings. A lot can change for Solana hopefuls before they potentially start trading. “Right now, the only thing that’s happened is they didn’t get a phone call telling them to go away,” Bloomberg Senior ETF Analyst Eric Balchunas told Decrypt. The SEC began weighing applications for spot Solana ETFs this week. In this case, its deadline—which the agency has brushed up against in approving other…

The initiative seeks to bring clarity to the cryptocurrency industry in Colombia, which is currently in a gray area despite growing adoption. Proponents of the project have remarked on the need to define an institution to oversee these activities and establish rules for institutions to follow. Congress Seeks to Give Legal Status to Cryptocurrency Assets In Colombia Colombia is, once again, seeking to give legal status to actors in the cryptocurrency industry. According to local media, a new cryptocurrency bill has been introduced to the Colombian Congress, seeking to establish clear rules regarding the action of Virtual Asset Service Providers…

Bitcoin (BTC), the leading digital currency, has shocked the broader cryptocurrency market with its price trajectory. Massive movements on the network have impacted prices in the last couple of hours, which might see the coin reclaim $100,000. Massive market movement fueling Bitcoin rally According to CoinMarketCap data, over 355,177 BTC valued at over $35 billion have hit various exchanges within 24 hours. This trading volume spiked by 17.61% to $33.55 billion within the same time frame. Notably, Binance registered a 17% trading volume spike as market participants actively bought and sold Bitcoin. Bybit and Coinbase were other exchanges with a…

Currently, Ethereum remains within $2,100 and is testing a significant level. Above $2,475, Ethereum could be driven into a strong trend again. If Ethereum crashes below $2,100 it can be tailing down further to $1,800. Ethereum continues to test the critical support level of $2,100-a price threshold that has served as a starting point for considerable surges in value in history. Currently at $2,148.4, Ethereum has further weakened its initially bullish structure after closing below the 200-week moving average. The Current Price now rests at one of those areas that traders have known as an alien zone of historical significance…