Bitcoin (BTC) $76,676.64 -0.54%
Ethereum (ETH) $2,124.82 0.26%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 84.935901 -0.10%
Dogecoin (DOGE) $0.10 -2.33%
Cardano (ADA) $0.25 0.26%
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Cryptocurrencies: 28960

Markets: 114116

Market Cap: $2,557,594,794,866

24h Vol: $95,209,059,350

CryptoGlobe

2023-02-09 10:06:00

‘Bitcoin Is Unresponsive to Both Monetary and Macroeconomic News’, Claims NY Fed Report

‘Bitcoin Is Unresponsive to Both Monetary and Macroeconomic News’, Claims NY Fed Report

The New York Federal Reserve has released a report on the impact of macroeconomic news on the price of cryptocurrencies, specifically Bitcoin. The 31-page New York Fed report #1052 (titled “The Bitcoin-Macro Disconnect“) was co-authored by Dr. Gianluca Benigno, the head of International Studies within the Monetary Policy Research Division of the New York Fed,

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