The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media will offer just-in-time access to highest journalistic standards and abides by a strict set of editorial policies. The Fed says its new service from the existing U.
But instability in the banking sector led many traders to bid up cryptocurrency , in the belief that the future path of rate increases would be less severe. Circle filed for an initial public offering in January. Learn more about Consensus , CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Past data show an economic recession tends to follow as the Fed begins cutting rates. Cryptocurrency prices struggled as interest rates looked to move higher, but now that rates look poised for a fall in the near term, crypto prices have risen substantially.
