Bitcoin initially fell on hawkish language in the Fed's policy statement, but later recovered.
As expected, the U.S. Federal Reserve has kept its benchmark fed funds range rate steady at 4.25%-4.50%, the first pause since the central bank began easing policy last September.

The accompanying policy statement noted that the unemployment rate had stabilized at a "low level" and inflation remained "somewhat elevated." The wording was hawkish as it removed last month's reference to "progress" on inflation moving to its 2% target.
Under pressure for most of this week, the price of bitcoin (BTC) dipped to $101,800 shortly following the news. U.S. stocks added to the day's losses, with the Nasdaq down 1.1% and the S&P 500 lower by 0.9%. The dollar and gold were little-changed and the 10-year Treasury yield rose 5 basis points to 4.59%.

Since the Fed's first September rate cut, the fed funds rate has been slashed by 100 basis points. The U.S. 10-year Treasury yield, however, has gone in the opposite direction, rising to 4.6% fro 3.6% — a divergence between short-term and long-term rates that rarely has been seen.

That divergence as well as a series of stronger than expected reports on the economy and inflation has not been lost on the Fed. Following the bank's December meeting, Chair Jerome Powell made clear that any further rate cuts — at least for the moment — were on hold.
At his post-meeting press conference, Powell said the change in the policy statement language with respect to inflation was not done to send any sort of message. Both bitcoin and stocks moved off earlier lows following his remarks, with bitcoin rising above $103,000 at the time of the press conference's end.
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The future of payments is here! X (formerly Twitter), under the visionary leadership of Elon Musk, has officially partnered with Visa to roll out X Money, a revolutionary step towards building an all-in-one financial ecosystem.

🏦 What is X Money?

Real-Time Transfers: Fund your X wallet instantly via Visa Direct and connect your debit cards.
Bank Account Integration: Transfer funds directly to your bank account.
Peer-to-Peer Payments: Send money seamlessly to other users on the platform.

📅 Expected Launch: By the end of 2025

📍 Initial Availability: Select U.S. states

🌟 A Step Closer to the “Everything App”

Elon Musk has been vocal about transforming X into an "everything app" where users can connect, create, and transact. This partnership with Visa signals a pivotal move toward realizing that goal.

➡️ X TV

➡️ Grok AI Assistant

➡️ X Money

🚀 What Does This Mean for Crypto?

Increased Adoption: X's integration of financial services could normalize digital payments and create a bridge for crypto adoption.
Potential Integration: With Musk's interest in crypto (think Dogecoin and Bitcoin), X Money could evolve to support crypto wallets or token payments in the future.
Market Impact: Crypto tokens associated with payment systems may see increased investor interest. Expect speculation and volatility in DOGE, BTC, and others!

🛑 Concerns Raised

Critics worry about X’s growing influence over users’ financial control. With actions like suspending accounts already possible, skeptics fear this could lead to a centralized "social credit system."

Dominic Michael Tripi, a prominent commentator, warns:

"If they can take away your checkmark or suspend your account, they can take away your money."

💬 What Are Your Thoughts?

Is this the beginning of a financial revolution or a step toward centralization?

Let’s discuss below!

📢 Stay tuned for updates on X Money, crypto markets, and Musk’s latest innovations.
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