Two whale addresses spent a total of 21.06 million USDC to purchase HYPE tokens over the past two days.

Despite a turbulent October that saw Bitcoin’s price plunge by 20% amid a historic crypto market crash, Bitcoin ETFs have surprisingly experienced a modest rebound in investor interest. Following weeks of persistent outflows, recent data indicates that ETFs are beginning to attract fresh capital, signaling a potential shift in sentiment among institutional and retail investors [...]

The post Hassett Criticizes Fed’s Rate Cuts as Possible Political Tool appeared on BitcoinEthereumNews.com. Key Points: Hassett voices concern over Fed’s rate cuts and potential politicization. Remarks spark discussions in traditional finance and crypto circles. Heightened market volatility noted, impacting BTC and ETH prices. Kevin Hassett, Director of the White House National Economic Council, expressed disappointment on November 7th with the Federal Reserve’s rate cuts, suggesting potential political influence. Hassett’s remarks have raised concerns about monetary policy independence, impacting both traditional and crypto markets, as volatility and liquidation arise amidst heightened uncertainty. Hassett Questions Fed’s Independence Amid Rate Cuts Kevin Hassett has publicly criticized the Federal Reserve’s recent rate cuts, labeling them as potentially politically driven decisions. “Monetary policy, including the Federal Reserve, should be fully independent of political influence, including President Trump,” Hassett remarked on “Face the Nation”. His concern about the politicization of monetary policy has intensified due to ongoing U.S. economic strategies and legislative hurdles. Hassett’s remarks come amid a government shutdown, which he believes could deepen economic challenges. Market reactions include significant unrest and debate among financial communities. Crypto circles also noted increased volatility, reflecting in major fluctuations in BTC and ETH values. These reactions suggest increased skepticism towards Federal Reserve decisions and broader U.S. financial strategies. Financial markets have responded with apprehension, causing fluctuations in traditional assets. BTC and ETH saw increased volatility, while other assets experienced similar patterns. Government officials and financial experts continue to analyze long-term implications. Crypto Turbulence Unveils Macroeconomic Concerns Did you know? Kevin Hassett’s recent criticism of the Federal Reserve echoes historical debates on central bank independence, reminiscent of similar challenges faced during past administrations, notably affecting market stability. Bitcoin’s current market analysis from CoinMarketCap shows that BTC is priced at $102,529.90 with a market cap over $2.05 trillion. In recent days, BTC experienced a 0.81% price change over the last 24 hours and…

Stablecoins are an "area of enormous growth," said Fed Governor Stephen Miran as he spoke about cryptocurrency for the first time.