Search results for Christopher Waller
Crypto
Fed and BoE officials split on stablecoins: boost competitiveness or fade within years
U.S. and British central bank officials offered contrasting views on dollar-based stablecoins. Federal Reserve Governor Christopher Waller said wider use of dollar-pegged stablecoins could increase the global influence of U.S. monetary policy by effectively importing U.S. financial conditions into other countries. Bank of England policymaker Megan Greene said stablecoins could be pushed to the sidelines within years, and that tokenised deposits may have greater long-term momentum.
Crypto
Bitcoin falls as U.S. April PCE inflation dims rate-cut hopes
U.S. April personal consumption expenditures (PCE) inflation rose 3.8 percent from a year earlier, the highest since May 2023. Bitcoin weakened after the data, slipping to around $73,300 and down 2.89 percent over 24 hours to about $73,404. Core PCE rose 3.3 percent year-on-year, also matching forecasts. Markets focused on the likelihood of rates staying high longer, with CME FedWatch pricing a 98.9 percent chance of no change in June.
Crypto
Bitcoin tries to rebound on U.S.-Iran peace deal hopes; five key variables
Bitcoin is attempting to recover toward $77,000 after falling below $75,000, reviving talk of potential short liquidations up to $80,000. Some traders see the drop as a temporary liquidity sweep, while others warn weak spot demand and renewed leverage could trigger more liquidations. Key factors this week include expectations of a U.S.-Iran peace deal, U.S. risk-asset strength, upcoming April PCE inflation data and Fed policy signals, rising exchange inflows to Binance, and weakening U.S. institutional demand shown by ETF outflows.
