Bitcoin, Ethereum, Dogecoin Gain, but XRP Falls as Kevin Warsh-Led Fed Holds Rates Steady: Analyst Puts - Benzinga
Source: Benzinga
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DW NOTE
Kevin Warsh has been Fed chair for eight months. The overnight rate hasn't moved in six weeks. Calling this a "Warsh-led Fed holds rates steady" is like crediting the captain for a ship that's been anchored since spring.
Bitcoin fell below $80,000 as Samsung-driven tech weakness and a hawkish Fed hold triggered a broad risk-off move. Crypto futures saw $356 million in liquidations.
Ten years ago, European countries were closing refineries while Gulf oil states were building new ones. Now, many of these refineries have been damaged in the war between the U.S. and Israel, and Iran. Fuel output from one of the biggest refining regions is not going to be coming back soon. Neither
Gold steadies, silver falls as Fed holds rates, two officials favor hike - Kitco PM Report - Kitco
Gold futures slipped below $4,050 ahead of Fed decision. - CME Group