A researcher from 21shares has offered an analysis of how bitcoin’s price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower borrowing costs, potentially boosting the cryptocurrency market. Bitcoin’s…
Este artículo también está disponible en español. Following the market’s recent pump, the leading cryptocurrencies have seen a remarkable performance. Bitcoin is trading above the $64,000 mark, while Ethereum (ETH) has surged 9% in the last week to consolidate above a key support level. Despite the bullish sentiment, some crypto investors remain cautious about ETH’s…
Este artículo también está disponible en español. Bitcoin (BTC), the largest cryptocurrency by market capitalization, has led the market recovery with its surge to the $63,000 mark. Following the recent developments, the flagship cryptocurrency’s performance has seen an 8% weekly surge, driving BTC to one of its best September performances since its creation. Related Reading…
The gold bull rally continued this Wednesday, as prices in COMEX reached all-time highs, surpassing $2,625 per ounce. Prices slingshotted up after the Federal Reserve announced larger interest rate cuts than some economists expected, lowering the rate by 50 basis points. This behavior had already been predicted by several analysts and institutions, who also expect…
Federal Reserve rate cuts, Bitcoin’s strong correlation with the S&P 500, and historical price trends can push the BTC price surging to $70K. The expected return of Binance founder Changpeng Zhao is likely to generate positive sentiment, further supporting Bitcoin’s upward trajectory. Bitcoin price has regained momentum with a splurge above $59,000. Moreover, numerous upcoming…
Global investment bank UBS predicts continued pressure on the U.S. dollar and further gold price increases. “We expect the U.S. dollar to stay under pressure as yield differentials narrow,” UBS explained, adding: “Gold’s rally has further to run.” UBS highlighted that gold has gained over 24% this year, driven by increased investment demand, and expects…
Following the release of the FOMC minutes, Bitcoin’s price rose by 2.53%, surpassing $61,000, while the overall crypto market increased by 2.35%. Alongside Bitcoin’s resurgence, altcoins demonstrated even stronger gains. Binance’s BNB coin jumped 4.26% as the exchange announced plans to hire 700 employees. The world’s largest cryptocurrency, Bitcoin (BTC), along with other altcoins, has…