🚀 Stay Ahead with AltcoinDaily.co! 🌐 Bitcoin’s price took a sharp turn downwards on November 14, slipping by nearly 3% following U.S. Fed Chair Jerome Powell’s remarks that additional rate cuts are not imminent. Powell, speaking in Dallas, Texas, highlighted the strength of the U.S. economy as a reason to avoid rushing into further cuts….
September 24, 2024 at 06:28 PM GST updated: September 24, 2024 at 04:30 PM 2 mins read News Bitcoin’s price rose after the Fed cut rates, highlighting its sensitivity to liquidity and investor interest in riskier assets. Upcoming events, like the SEC hearing and global economic data releases, may influence Bitcoin’s short-term price movements. With…
Peter Schiff has warned that the Federal Reserve’s rate cut will lead to economic disaster. Microstrategy, continuing its bitcoin acquisition strategy, plans to buy more bitcoin after raising $1.01 billion from a private offering. A bitcoin investor faces up to three years in prison for underreporting cryptocurrency gains. El Salvador’s President Nayib Bukele announced a…
FTX is set to redistribute $16 billion to creditors in Q4 2024, which could significantly impact the crypto market by introducing a major liquidity influx. A 50 bps rate cut by the U.S. Federal Reserve and similar moves by other central banks have increased liquidity. The bankruptcy estate of FTX will conduct a redistribution of…
Justin Sun, the founder of Tron, has made crucial statements about the United States Federal Reserve’s decision to cut interest rates. Sun’s remarks, which he posted on X, address investors looking to take advantage of the recent 0.5% interest rate cut. Sun’s “Good News” to Investors According to Sun, the Federal Reserve’s decision to cut…
Solana (SOL) joined the recent crypto market pump after climbing 10% on Thursday. SOL’s price broke above a key resistance level, reigniting the bullish sentiment among investors and traders who believe the cryptocurrency is soon poised to reclaim higher targets. Solana Breaks Above Key Resistance Level Following the highly anticipated US Federal Reserve (Fed) rate…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 BitMEX co-founder Arthur Hayes made waves at the Token2049 event in Singapore by offering a controversial take on the Federal Reserve’s latest decision to cut interest rates by 50 basis points. Hayes suggested that the move was driven by political motives, with the aim of boosting financial markets ahead…
September 19, 2024 at 07:58 AM GST updated: September 19, 2024 at 08:00 AM 2 mins read News The highly-anticipated US Fed rate cut is announced at 50 bps. Bitcoin reacted bullishly as many analysts expected with a surge to $62,000. Financial experts debate and discuss what’s next for stocks, crypto, and finance. The highly-anticipated…
Economist and gold advocate Peter Schiff has sounded the alarm on the Federal Reserve’s latest actions, linking a significant rate cut to rising gold prices and a weakening U.S. dollar. His warning about a deepening recession and rising inflation adds weight to concerns about future economic stability. “It’s game over for the Fed,” Schiff stressed….
September 17, 2024 at 10:27 AM GST 3 mins read News Understanding the impact of the Fed rate cut is crucial for traders and investors. The Fed rate cut could lead to a parabolic effect in the crypto market. Financial experts weigh in on the expected Fed rate cut and its effect on the crypto…
The growth of Bitcoin (BTC) thus far this year has been hinged specifically on several macroeconomic indices. As market investors evaluate monetary policies from the United States Federal Reserve, they have managed to act cautiously all year. This caution is showcased in the tight trading range in Bitcoin’s price since March. While the market has…
On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low of $2,495, but it later bounced back, crossing the…