Monetary Policy
Bitwise strategist Juan Leon says Kevin Hassett becoming Fed chair would be "strongly bullish" for cryptocurrencies. A pro-crypto, dovish appointment could shift both monetary and regulatory dynamics that affect crypto markets.
September U.S. jobs topped forecasts while the unemployment rate ticked up, boosting expectations for a Federal Reserve rate cut and sending Bitcoin higher. The mixed labor read highlights how macro data can quickly shift crypto market sentiment.
A senior official at Russia’s monetary authority said the forthcoming digital ruble is unlikely to become a major store of private wealth, benefiting the state and broader economy more than individual savers. The comment suggests limited retail uptake is expected once the CBDC launches.
Belarusian President Alexander Lukashenko said cryptocurrencies could help reduce global reliance on the US dollar, presenting digital assets as a tool for monetary diversification.
The Czech central bank has made its first confirmed direct purchase of bitcoin as part of a new digital asset "test portfolio," though officials say it does not represent a formal shift in reserve policy. This marks the first verified instance of a sovereign central bank buying BTC directly.
Bitcoin returns are significantly influenced by economic and monetary policy uncertainties, with effects varying by region. Understanding these impacts helps investors navigate the crypto market wisely.