MARKETS DAILY: Crypto Update | BTC Price Fell Today After Fed Member Stated ‘No Reason’ To Halt Rate Hike Cycle and Student Loan Payments Will Resume This Year

With the Fed’s historic string of increases to the core interest rate, up 1900% in just one year, as well as its reverberations throughout global markets, many potential catastrophes have been prevented only through bailouts or other interventions. And as part of the debt ceiling agreement, the painful game of student loan repayment may soon be over for those with student loans.

Today’s Stories: 

The Great Student Loan Nonpayment Boondoggle Is Over And Household Spending Is About To Collapse

UK Enters Worst Period Of Strikes Since Thatcher As Gov’t Calls For Price Controls

Stablecoin Issuer Tether Invests in Sustainable Bitcoin Mining in Uruguay

Texas Bill That Would Limit Miners’ Participation in Cost-Saving Grid Programs Stopped in House Committee

Former Coinbase Employee, U.S. SEC Settle Insider Trading Charges

Market Watch Links: 

BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch 

First Mover Americas: Bitcoin Slumps Back to $27K on Fed Worry

Crypto Traders Need to Pay Attention to Chinese Yuan

ProShares’ Bitcoin Futures ETF Underperforms BTC This Year: K33 Research

Nvidia Does All The Heavy Lifting, Can’t Prop Up Market Forever

This episode was hosted by Adam B. Levine, edited by Ryan Huntington, and Senior Producer is Michele Musso. All original music by Doc Blust and Colin Mealey.

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