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WiredJa Online News

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WiredJa Online News

Bitcoin value surges past $30,000 for first time

Bitcoin has passed $30,000 (£22,000) in value for the first time, continuing a recent sharp rise.The virtual cryptocurrency hit $30,823.30 at 13:13 GMT on Saturday, just weeks after soaring above $20,000 for the first time.

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The Fed's Interest Rate Games

Since the global financial system is based on the US dollar, the world’s attention is fixed on the interest rates of the Federal Reserve System. The Fed base rate, which is the same as the rate on Federal funds, is determined at meetings of the Federal Open Market Committee of the US Federal Reserve. There are eight of these meetings throughout the year, but the committee can also hold unscheduled meetings to change the rate.
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