hawkish

Crypto markets started crashing immediately after the FED minutes came out. The hawkish FED pushed the price down even before the meeting, but the market has been able to absorb most of the shock, and most coins have been on an upward trend over the last few days. Bitcoin (BTC), Litecoin (LTC), and other large coins are already on the recovery path. Other coins also doing well and worth looking at are Bitgert (BRISE) and Centcex (CENX). As of writing, Bitcoin (BTC) and Litecoin (LTC) have been some of the coins doing…

CNBC's Jim Cramer on Tuesday implored investors to stay away from speculative assets such as cryptocurrencies, warning that they will continue to struggle during the ongoing Federal Reserve tightening cycle. "Look, Fed chief Jay Powell told us that we need to stop doing stupid things with our money. That was the thrust of his speech on Friday," the "Mad Money" host said, referring to the top U.S. central banker's Jackson Hole address, in which Powell warned the Fed's commitment to squashing inflation could bring "some…

The hawkish FED is back again, and the impact has been massive this time. The selling pressure in the crypto market is growing rapidly. The global marketcap for the crypto market had reduced by 5.79% as of writing. Solana (SOL) and Cardano (ADA) are among the coins that have posted a decline in the past few hours of the FED announcement. Bitgert (BRISE) is among the coins that withstood the selling pressure sweeping across the crypto market. Bitgert price has remained steady, with the coin projected to keep surging this…

CNBC's Jim Cramer on Tuesday said that inflation is coming down at a good pace as he called out Federal Reserve leaders for hawkish comments that are dragging down the market."While we hear Fed officials and hedge fund managers and strategists opine about how the Federal Reserve will have to double the federal funds rate to stop runaway inflation, ask yourself which commodities, which goods they're actually talking about," the "Mad Money" host said.Chicago Fed President Charles Evans said Tuesday that he hopes for smaller…