Crypto markets held on to gains over the weekend, and Bitcoin has remained in command, dominating the sector while the rest continue to sleep. Last week’s CPI data were in line with expectations, while producer-prices inflation was above estimates. However, markets retreated after Fed Chair Jerome Powell commented that policymakers are now on a more…
The Fed has announced a slower rate cut cycle due to recent economic growth. This has raised speculations on the possible impacts that could be expected in the crypto market. The Asian side of the world woke up to the crypto market’s slight dip in prices. However, on a positive note, prices have steadied their…
After months of easing, the US Consumer Price Index (CPI) has shown that inflation rose to 2.6% in October 2024. Indeed, the figure is up from September’s 2.4% and shows a rising inflation figure for the United States for the first time in seven months. The Federal Reserve had issued its second consecutive interest rate…
November 12, 2024 at 02:30 AM GST updated: November 12, 2024 at 01:39 AM 2 mins read News Bitcoin soars to $82,000, doubling its value from earlier lows this year. Peter Schiff cites a Trump-driven mania, not fundamentals, for Bitcoin’s rally. U.S. dollar strengthens and gold prices drop as Bitcoin hits a new all-time high….
Crypto markets have moved higher over the weekend with big gains for altcoins as Bitcoin pushed past $81,000 into new price discovery zones. Last week, two major catalysts kicked off the action with a sweeping victory for Donald Trump in the US presidential elections and the Federal Reserve cutting interest rates by a further 25…
TL;DR Cardano (ADA) made a strong comeback, soaring to a 14-week high after a double-digit daily surge. The generally bullish market, among other reasons, has potentially fueled the asset’s rise. Returning to the Top 10 Club Cardano (ADA) experienced a notable resurgence in the past 24 hours, with its price jumping by approximately 20% at…
In the first FOMC meeting after the November US presidential elections, the nation’s central bank cut the interest rates by 25 basis points, which was what the market and experts anticipated. Bitcoin’s price, which is typically very susceptible to US-related news, was already at all-time high levels of just shy of $77,000 and remained relatively…
In what is yet another vitally important decision for the US economy, the Federal Reserve has opted to cut interest rates by 25bs in October 2024. The decision follows the Fed’s decision to cut interest rates for the first time in four years this September, opting to slash rates 50bps. The US economy is eyeing…
The Fed’s interest rate decision on Nov 7 is highly anticipated, with a 98.9% chance of a 25 basis-point cut. The Fed’s decision could significantly spark a rally in the crypto market, with BTC currently trading in the $69K zone. The cryptocurrency market gears up for a crucial week; all eyes are on the upcoming…
Crypto markets have retreated over the weekend following a Bitcoin-powered rally last week, and more volatility is expected in the next several days. The US presidential election on Tuesday will cause short-term volatility as a Trump win is likely to be positive for crypto, while a Harris victory will have the opposite effect. In addition…
As America’s 2024 election approaches, the U.S. Federal Reserve’s Federal Open Market Committee will make a pivotal decision on the benchmark interest rate just two days later. A Quarter-Point Rate Cut? Fedwatch and Bettors Reveal the Odds Aside from the suspense of who will claim victory as the next U.S. president—a verdict that might not…
Bank of America sees gold as the last and ultimate safe-haven asset amid rising U.S. debt, urging traders and central banks to increase their holdings. With concerns over fiscal instability and mounting interest payments, the bank forecasts gold could hit $3,000 per ounce by 2025, reinforcing its role as a critical hedge against market volatility…
Duquesne Family Office’s Stanley Druckenmiller has revealed his latest move in the U.S. bond market. The billionaire investor who won millions in the past for Duquesne Capital does not believe that inflation will keep cooling down, and is consequently betting that a bond bust will eventually happen. Stanley Druckenmiller Makes a Short Bet Against Current…
Minneapolis Fed suggests banning or taxing Bitcoin to maintain deficits. Bitcoin is labeled as a “private-sector security” without real claims. The Federal Reserve Bank of Minneapolis has recently proposed that governments should ban or tax Bitcoin. This recommendation aims to help maintain permanent budget deficits. In a working paper published on October 17, the Minneapolis…
Porter Stansberry, financial editor and founder of Marketwise, believes that the rise of silver, which is experiencing a bull market, has deeper causes than just the increase in tech-related demand. He links the increase in the prices of this commodity with the upcoming destruction of America’s banking system, foretold by the movements of seasoned investors….
Bitcoin could reach six figures sooner than expected, driven by surging institutional flows into exchange-traded funds (ETFs), economic instability, and the U.S. presidential election, according to the chief investment officer of asset management firm Bitwise. The executive highlights factors like growing GOP support for cryptocurrencies and inflation concerns pushing investors toward BTC. With regulatory clarity…
October 19, 2024 at 01:45 AM GST updated: October 18, 2024 at 11:59 PM 2 mins read News Ethereum’s price movements show a strong correlation with the U.S. Treasury bond yields. Federal Reserve rate cuts have historically driven significant upward movement in Ethereum. Rising Treasury yields often signal a downward trend for Ethereum as risk…
Utah Republican senator Mike Lee outlined three major regulatory risks to the cryptocurrency industry at the recent Permissionless III crypto conference. They are the creation of a central bank digital currency (CBDC), fragmented state regulations, and heavy federal oversight. He warned these could threaten the digital assets sector, saying, “Cryptocurrency is not a security. Cryptocurrency…
Crypto markets have remained tightly range-bound over the weekend, with volatility declining, but that may be about to change. Retail sales and manufacturing reports are released this week. These are often used as indicators of economic conditions and potential changes in inflationary trends. “We now have the Fed, election, geopolitical tensions, and earnings in the spotlight,” commented…
Rich Dad Poor Dad author Robert Kiyosaki predicts a catastrophic stock market crash and the collapse of “The Everything Bubble,” warning that gold, silver, and bitcoin will nosedive, triggering a global depression. He urges investors to brace for financial turmoil, saying only the prepared will emerge wealthier from the ruins. “Take bitcoin for example… it…
At the same time, core consumer price index inflation jumped sharply to 2.8% last month. Discussions have resumed about whether the US Fed would implement tighter monetary policy. Inflation in the United States came in at 1.8% in September, according to the long-awaited Producer Price Index (PPI), when market forecasts had it at 1.6%. Inflation…
Este artículo también está disponible en español. In a recent memo shared with clients, Bitwise CIO Matt Hougan emphasized several factors that could cause Bitcoin (BTC) to “melt-up” to $80,000 in the last quarter of 2024. Factors To Propel Bitcoin To $80,000 Hougan highlighted three essential conditions that could push BTC to new all-time highs…
JPMorgan analysts are showing optimism as bitcoin exhibits strong upward trends moving into the fourth quarter. They highlighted October’s historically positive returns for the cryptocurrency and suggested this trend could persist. “We continue to see the crypto ecosystem being incrementally more sensitive to macro factors,” the analysts noted. JPMorgan Sees Bright Prospects for Bitcoin in…
The Fed meeting on October 10 is eagerly awaited for clues about future monetary policy decisions. Bitcoin has climbed by 2.5%, trading around $63,387, with an intraday high of $63,957. The cryptocurrency market is displaying a positive shift this week, with Bitcoin climbing 2.5% and trading at $63,387, reaching an intraday high of $63,957. This…
Crypto markets gained over the weekend and are holding on to momentum in early Monday trading in Asia. This week’s raft of economic and inflation reports could give them a further boost, especially if the probability of another large rate cut increases. “A November 50 basis point rate cut was almost entirely priced out last…
The upcoming data is essential in understanding the inflationary pressure in the economy. On October 10, traders will be eagerly watching the publication of the US CPI statistics. The cryptocurrency market is holding its breath until later this week when the US Consumer Price Index (CPI) data is revealed. After the dismal US job statistics…
Economist Peter Schiff has warned that restoring a real economy requires letting the “phony economy” collapse, which would result in significant financial losses for many. However, he emphasized that the alternative is worse, as it would lead to the devaluation of money itself. Schiff criticized the government and Federal Reserve policies, particularly following the 2008…
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…
At press time, the crypto economy is cruising at $2.14 trillion, following a modest uptick Friday morning. There are 88 days left in the year, 32 days until the 2024 U.S. Election Day, and 34 days until the Federal Reserve’s next meeting. With numerous developments, including rising tensions in the Middle East, a variety of…
On Friday, the global crypto market saw a boost in value, with bitcoin (BTC) climbing 2.29%, approaching the $62,000 mark at 9:30 a.m. EDT. Ethereum (ETH) joined the upward trend, gaining a more modest 1.6%, pushing toward the $2,400 level. Bitcoin and Ethereum Climb Following U.S. Jobs Report This rebound came on Oct. 4 after…
The US debt scenario seems to be inflating with each passing second. The debt statistics have ballooned like any other metric recently, adding significant stress to the already overloaded US dollar. Also Read: US Stock: Warren Buffett Is Dumping Apple For This Precious Oil Stock The US Debt Stats Now Stand At $37.5T Image Source:…
Este artículo también está disponible en español. Crypto trading firm QCP Capital says the “shallow sell-off” in crypto markets following Iran’s recent attack on Israel indicates healthy market demand for risk-on assets. Crypto Market Remains Well Bid For Risk Assets Despite Iran launching over 180 missiles toward Israel yesterday, the sell-off in traditional financial (TradFi)…
In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious. Bitcoin Reclaims Short-Term Cost Basis According to Glassnode, bitcoin’s price has risen above…
In its Oct. 2 market analysis, QCP Capital highlights the effect of escalating Middle Eastern conflicts on traditional financial (tradefi) assets and the cryptocurrency market. According to QCP’s researchers, the market response has been muted in tradefi, but risk assets and digital currencies like bitcoin (BTC) faced more substantial losses. QCP Researchers Analyze Crypto Market…
Bitcoin soared in mid-September when the US Federal Reserve announced the first interest rate cut in over four years. As such, many expected this to be the case after Powell’s speech on Monday, but they have been proven wrong. The question arises of why BTC failed to produce impressive gains despite the Fed Chair’s hint…
Este artículo también está disponible en español. Zach Bradford, CEO of Bitcoin (BTC) mining firm CleanSpark, has predicted that the premier cryptocurrency may peak close to $200,000 this cycle. Bradford’s Bullish Take On BTC Price In an interview with research and brokerage firm Bernstein, CleanSpark’s CEO noted that historically, post-halving periods have led to several…
Despite the gains, there’re some worrying signs ahead of Uptober. Source link
The crypto market continues its Monday correction, as bitcoin slumped by another grand or so in the past hour, dropping to just over $63,000. This comes just hours before the US Fed’s Chair, Jerome Powell, speaks in Nashville, Tennessee, where he is expected to elaborate on the central bank’s monetary policy pivot. CryptoPotato reported earlier…
Crypto markets were retreating heavily during early Monday morning trading in Asia, how low they go may be influenced by this week’s economic events. There are eleven Federal Reserve speaker events this week and a raft of economic data that could set the scene for the final quarter as Q3 comes to a close. Economic…
In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures data suggests that a half-point reduction is currently viewed as more probable than…
September 28, 2024 at 03:15 PM GST updated: September 28, 2024 at 02:45 PM 2 mins read News John Deaton opposes consumer-targeted Federal CBDCs, warning they grant excessive control over individual financial activities. Deaton criticizes unclear U.S. crypto regulations, arguing they drive businesses away and hamper industry growth. Deaton advocates for term limits and stricter…
Bitcoin has recovered, hitting an intraday peak of $66,376, up 1.29% today and 5% over the past week. Bitcoin’s price surge comes after the release of the US PCE report and the Federal Reserve’s decision to lower interest rates. Bitcoin (BTC) has been making a notable comeback this week, peaking at $66,376—an increase of 1.29%…
Este artículo también está disponible en español. Bitcoin (BTC) looks poised to record its best September in a decade, surging past $65,000. This uncharacteristic price appreciation could be attributed to several key factors. Reasons Behind Bitcoin’s Impressive September Gains Historically, September has consistently been the worst month for BTC in terms of price performance. However,…
Bitcoin prices continued climbing this week, reaching an intraday peak of $66,456 per unit at 10:35 a.m. ET on Friday, marking a 2.4% boost against the U.S. dollar today and a solid 5% gain over the past seven days. Bitcoin Jumps to $66,456 Following U.S. PCE Report On Friday, Sept. 27, 2024, bitcoin crossed the…
In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal Reserve’s monetary policies, on the commodities market. Gold Eyes $3,000 Mark Amid Hedge Fund…
Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated notable confidence in the long-term market outlook. Report Shows Despite Consolidation, New Bitcoin Investors Display Strong Market Confidence…
Congressional leaders are pressing regulators over concerns that the U.S. Securities and Exchange Commission (SEC)’s new guidelines on digital asset custody could disrupt financial innovation and regulatory collaboration. Lawmakers question whether the SEC acted prematurely, potentially jeopardizing efforts to safeguard digital assets through coordinated agency work. They demand more transparency on the SEC’s actions and…
Jim Rickards, a renowned economist and author of several best-selling books, has explained that the recent Federal Reserve 0.5% interest rate cut shows that the institution has fallen behind the curve and is “in a little bit” of a panic mode, with a recession coming according to several technical indicators. Jim Rickards Warns About Coming…
UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for gold as a safe-haven asset. UBS also notes that central bank purchases and investor inflows into gold ETFs are sustaining the metal’s…
Digital asset investment products recorded inflows of $321 million in the second consecutive week of positive activity, according to a report by Coinshares. The surge in inflows is largely attributed to the Federal Open Market Committee’s (FOMC) decision to cut interest rates by 50 basis points (bps). Coinshares: U.S. Leads Digital Asset Inflows According to…