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How Federal Reserve Mining Affects Bitcoin Price

The following is from the recent issue of Deep Dive, Bitcoin Magazine’s premium market newsletter. To be among the first to get these insights and other online bitcoin market analysis direct to your inbox, follow now.

Yesterday, the Federal Reserve Board announced it was doubling the rate at which its assets gradually declined to $30 billion a month, slightly more hawkish than consensus expectations. Instead of ending all asset purchases today, Jerome Powell emphasized that a calculated, methodical approach to reducing asset purchases is a more stable approach to the market. The current plan is for asset purchases to end in March 2021 with the market expecting a high probability of three rate hikes in 2022, up to 100 basis points.

https://bitcoinmagazine.com/markets/how-federal-reserve-asset-tapering-impacts-bitcoin-price How Federal Reserve Mining Affects Bitcoin Price

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