Top 3 cryptocurrencies that are faring the best in the 2022 bear market

The list is curated after studying the drawdowns of the top 30 crypto assets by market cap from their record highs. The crypto market has been in decline over the past six months with its valuation dropping from over $3 trillion in November 2021 to $1.23 trillion in May 2022.Fears over persistently higher inflation, the Federal Reserve's hawkish response to it, and the ongoing conflict between Ukraine and Russia prompted investors to limit their exposure to riskier assets.

13% of Unbanked Americans Haved Used Cryptocurrency For Payments And Transfers, FED Survey Finds

Cryptocurrency adoption is growing in the United States, and according to a survey by the Federal Reserve, the unbanked are leading the revolution.

US Lawmakers Push for Urgent Stablecoin Regulation — Fed Warns of Stablecoin Runs, Janet Yellen Cites UST Fiasco

As US lawmakers push for the urgent regulation of stablecoins, the Financial Stability Oversight Council (FSOC) and the Federal Reserve Board warn about the risks of stablecoin runs that threaten the country’s financial stability.

Crypto Market Cap Clashes over 50% to around $1.4T

The market cap of cryptocurrencies has fallen more than 50% to around $1.4 trillion as the Federal Reserve (Fed) raised interest rates by 50 basis points sparking a sell-off panic among investors.

Monero avoids crypto market rout, but XMR price still risks 20% drop by June

XMR's bearish setup comes as Monero prepares to launch the testnet version of its hard fork this month. Monero (XMR) has shown a surprising resilience against the Federal Reserve's hawkish policies that pushed the prices of most of its crypto rivals — including the top dog Bitcoin (BTC) — lower last week. XMR's price closed the previous week 2.37% higher at $217, data from Binance shows.

Crypto Biz: The real reason crypto hodlers should care about the Federal Reserve, April 28–May 4, 2022

On May 4, the FOMC voted to raise interest rates by 50 basis points.

Bitcoin Climbs to $40K Despite Fed’s Interest Rate Hike, Is Sell The Rumor Buy The News Playing Out?

Despite the Federal Reserve (the Fed) increasing interest rates by half a point (0.5%), Bitcoin soared by 6% to reach $40,002.

Here’s How Bitcoin (BTC) Will React to Highly-Anticipated Fed Rate Hike, According to Top Crypto Analyst

A widely followed crypto strategist is predicting how Bitcoin (BTC) will behave in response to the Federal Reserve announcing a fresh round of rate hikes.

Price analysis 5/2: BTC, ETH, BNB, SOL, XRP, LUNA, ADA, DOGE, AVAX, DOT

BTC and altcoins are holding at their current support levels, but this week’s comments from the Federal Reserve could be a determining factor in short-term price action. The US equity markets opened on a tentative note on May 2 but a minor positive is that the crypto markets led by Bitcoin (BTC) are holding above their immediate support levels.

Are altcoins losing their luster amid fears of further interest rate hikes

The Federal Reserve would raise interest rates at its May meeting after it hiked rates for the first time since March of 2018.

US Senate confirms Lael Brainard as Fed vice chair

In a 52–43 vote on the Senate floor on Tuesday, US lawmakers confirmed Lael Brainard as vice chair of the Federal Reserve System for four years. After weeks of delays due,  in part, to partisan obstructionism, the United States Senate has confirmed the nomination of Lael Brainard, a member of the Federal Reserve's board of governors, as the next vice chair of the central bank.In a 52–43 vote on the Senate floor on Tuesday, US lawmakers confirmed Brainard a vice chair of the Federal Reserve for four years, potentially beyond her term as a governor ending in January 2026.

Bitcoin Slips Below $40k After Hostile Statements From Fed

Bitcoin, the flagship crypto slipped below $40K after the Federal Reserve Bank of the United States made hostile comments.

Fed’s Bullard Wants to Raise Bank Rate to 3.5% by Year’s End, Hints at 75 Basis Point Rate Hike

The 12th president of the Federal Reserve Bank of St.

Former Ripple Advisor Nominated To Serve As Vice Chair of US Federal Reserve

US President Joe Biden is nominating Michael Barr, a former Ripple advisor, to serve as Vice Chair for Supervision of the Federal Reserve.

President Biden announces former Ripple adviser as pick for Fed vice chair for supervision

The vice chair for supervision seat at the Federal Reserve has been vacant since governor Randal Quarles’ term ended in October 2021. Following the withdrawal of former Federal Reserve Board governor Sarah Bloom Raskin, United States President Joe Biden has announced his intention to nominate former Obama administration official and law professor Michael Barr as the central bank’s vice chair for supervision.In a Friday announcement, the White House said Barr was Biden’s pick to supervise the Federal Reserve and set the regulatory agenda for its leadership.

Biden to Tap Former Ripple Advisor as Vice Chair of Fed

Law professor Michael Barr is being nominated to become the next vice chair for supervision of the Federal Reserve.

‘Big Short’ Investor Michael Burry Says ‘the Fed Has No Intention of Fighting Inflation’

Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that the Federal Reserve “has no intention of fighting inflation.” He added that the Fed’s “Serial half-point hikes are for getting elevation before stocks and the consumer tap out.” Michael Burry on Inflation and Fed’s Rate Hikes Famous investor and founder of […]

Mark Yusko explains the real problem with Fed policy — and why Bitcoin matters

The founder of Morgan Creek Capital explains how the Federal Reserve is destroying your purchasing power and why it could get a lot worse.

Another $439M in Liquidations As BTC Drops Below $40k

Under threat of greater rate hikes from the Federal Reserve, Bitcoin is plunging to a monthly low, alongside stocks.

The Eerie Similarities of Today’s Great Monetary Shift and the Panic-Led Creation of the Federal Reserve System

While many Americans believe the US Federal Reserve is the caretaker of the country’s monetary system, its also believed to be one of the worst financial institutions ever created.

Solana Tumbles 7% as Crypto Markets Correct

Remarks from the Federal Reserve have spooked crypto investors, with leading coins in Bitcoin, Ethereum, and Solana all dropping points on the day.

Ethereum traders eye the 61.8% Fib level if ETH fails to hold the $3.2K support

ETH sold-off alongside the rest of the crypto market, leading analysts to warn of a drop to $2,900 if the current support at $3,200 fails. The cryptocurrency market is nearly completely red on April 6 after hawkish comments from multiple members of the Federal Reserve highlighted their opinion that aggressively raising interest rates and cutting bond purchases would need to happen in order to combat inflation.

US Senator Cruz Introduces Bill to Prevent Federal Reserve From Using Digital Currency as Surveillance Tool

US Senator Ted Cruz has introduced legislation to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) directly to individuals and competing with the private sector.

Biden's Fed picks are likely headed to Senate vote after partisan delay

"A small but loud minority have wrongly claimed that Lisa Cook doesn’t meet the standards for this position — standards that only seem to apply for certain nominees,” said Sherrod Brown. The United States Senate will vote on President Joe Biden’s nominations to the Federal Reserve after delays instigated by Republican lawmakers.In a 50–49 vote on Tuesday, the Senate moved economist Lisa Cook’s nomination for governor in the Federal Reserve System out of the Banking Committee toward a final confirmation vote — though when the government body will take up the matter is uncertain.

Fed Governor Says ‘Blockchain Is Totally Overrated,’ Claims Crypto Is ‘Just Electronic Gold’

The American economist and member of the Federal Reserve Board of Governors, Christopher Waller, believes blockchain technology is “totally overrated,” even though the US central bank “put a lot of resources into understanding digital currencies and the blockchain.” On Friday, Waller spoke during a panel that discussed central bank digital currencies (CBDCs) and said that […]

The Fed Could Take 10 Years to Get Inflation Under Control, Says Almonty Industries CEO

The CEO of Almonty Industries has warned that it could take the Federal Reserve 10 years to get inflation under control if they do not act now and stop spending money.

Fed Chair Powell Says Crypto Needs New Regulation Citing Risks to US Financial System

The chairman of the Federal Reserve, Jerome Powell, says crypto requires new regulation, citing that it presents risks to the US financial system and could destabilize existing financial institutions.

Fed Chair Jerome Powell Hints at Aggressive Rate Hikes After Saying ‘Inflation Is Much Too High’

The 16th chair of the Federal Reserve, Jerome Powell said that America’s “inflation is much too high” on Monday, and he further explained that the US central bank is willing to raise rates more aggressively.

Federal Reserve Bank President Pushes for Faster Rate Hikes — Says the Fed Risks Losing Credibility on Inflation Target

The president of the Federal Reserve Bank of St.

Bitcoin maintains $40K support as Fed confirms rate hike in 4 years

The Ukraine war is high on the Fed's list of concerns, according to a statement released with the 0.25% rate hike. Bitcoin (BTC) held $40,000 on March 17 after an anticipated key interest rate hike from the Federal Reserve delivered a strong response.BTC/USD 1-hour candle chart (Bitstamp).