{"id":253910,"date":"2021-05-20T00:15:24","date_gmt":"2021-05-19T21:15:24","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-volatility-is-not-a-systemic-concern-for-the-fed-say-local-presidents\/"},"modified":"2021-05-20T00:15:24","modified_gmt":"2021-05-19T21:15:24","slug":"crypto-volatility-is-not-a-systemic-concern-for-the-fed-say-local-presidents","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-volatility-is-not-a-systemic-concern-for-the-fed-say-local-presidents\/","title":{"rendered":"#Crypto volatility is not a 'systemic concern' for the Fed, say local presidents"},"content":{"rendered":"

“#Crypto volatility is not a 'systemic concern' for the Fed, say local presidents<\/strong>”<\/p>\n

<\/p>\n

                A Federal Reserve president said he was \u201cquite aware that crypto can be very volatile\" but he personally did not see that as a concern for traditional markets.\n                <p>Both Atlanta Federal Reserve President Raphael Bostic and St. Louis Federal Reserve President James Bullard seem to be unconcerned about the recent crypto bloodbath\u2019s impact on the U.S. economy.\n<\/code><\/pre>\n
According to a Reuters report, Bostic said<\/a> the volatility in the crypto market is \u201cnot at a scale\u201d to have systemic financial implications for the Fed. He added that such events like the one this morning \u2014 which saw the price of Bitcoin (BTC) dip to $30,000 \u2014 did not play a large role in how he considered Fed policy. However, he predicted \u201ca fair amount\u201d of volatility through the summer.<\/p>\n
Bullard echoed Bostic\u2019s comments, saying Fed officials were \u201cquite aware that crypto can be very volatile” but he personally did not see that as a \u201csystemic concern.\u201d Three years old, the Fed president urged investors not to put money into crypto, calling them “speculative markets” and “not currency.”<\/p>\n
The St. Louis Fed president has previously spoken out against crypto as a medium of exchange, claiming that Americans preferred a \u201cnon-uniform currency.\u201d Bullard added he foresaw a dollar economy regardless of whether \u201cthe gold price goes up or down or the Bitcoin price goes up or down.\u201d<\/p>\n
Reports indicate the sudden price drops in many cryptocurrencies may have been driven by a massive sell-off overnight. However, some experts believe the market volatility may be a result of reports that China had allegedly banned many crypto services. BTC, Ether (ETH), and many others experienced double digit percentage price drops within hours.<\/p>\n
At the time of publication, the BTC price is $39,562, having dropped more than 6% in the last 24 hours. The ETH price is $2,665, having dropped more than 20%.<\/p>\n
If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n
\n
For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n
\n
If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n
Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
“#Crypto volatility is not a 'systemic concern' for the Fed, say local presidents” A Federal Reserve president said he was \u201cquite aware that crypto can be very volatile” but he personally did not see that as a concern for traditional markets. <p>Both Atlanta Federal Reserve President Raphael Bostic and St. Louis Federal Reserve President James…<\/p>\n","protected":false},"author":1,"featured_media":253911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvZTEyM2FkNzAtMTNlNy00YTVmLTk2NTYtYTYyNWE3ZDNmZGYzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-253910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/253910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=253910"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/253910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/253911"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=253910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=253910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=253910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}