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Bitcoin Bulls Charge Toward $62K as Fed’s Minutes Triggers Market Frenzy
21.8.2024
Bitcoin’s price hit $61,838 per coin by 3:45 p.m. EDT on Wednesday, after spending much of the day lingering below the $60,000 mark. The crypto market mirrored the upward movement seen in the S&P 500 and Nasdaq, which both rallied just before the closing bell. This newfound optimism...
Execs at crypto-friendly Evolve Bank leave amid regulatory crackdown: Report
21.8.2024
The bank services several crypto-friendly financial technology companies
Execs at crypto-friendly Evolve Bank leave amid regulatory crackdown: Report
21.8.2024
The bank services several crypto-friendly financial technology companies
Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’
21.8.2024
Economist and gold advocate Peter Schiff predicts that “precious metals mining will be the best-performing sector” this decade. He highlighted that “gold mining stocks are a steal” and anticipates “a major bull market.” Additionally, Schiff cautioned that...
QCP Capital Analyzes Market Sentiment Ahead of Fed Chair’s Speech at Jackson Hole
19.8.2024
QCP Capital’s latest insights report offers a fascinating blend of optimism and caution as investors eagerly anticipate Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. The firm observes a buoyant mood in equity markets, with U.S. stocks reaching record...
US mulls applying fiat reporting mandate on crypto transfers
19.8.2024
The US Treasury and Federal Reserve plan to redefine “money” used under the Bank Secrecy Act, aiming to include cryptocurrencies and digital assets in new reporting requirements
Goldman Sachs lowers US recession risk to 20%, what it means for Bitcoin
19.8.2024
Goldman Sach’s economists said the Federal Reserve could also cut rates next month, and analysts say this could be welcomed by Bitcoin traders
Goldman Sachs Lowers US Recession Risk to 20%
19.8.2024
Goldman Sachs economists have lowered the likelihood of a U.S. recession within the next year from 25% to 20%, citing recent data on retail sales and jobless claims. If the upcoming August jobs report, scheduled for release on September 6, shows favorable results, the probability of a recession...
UBS Urges Caution Despite Positive US Economic Data
18.8.2024
UBS reported on Friday that U.S. stocks extended their rally as new economic data, including a 1% rise in July retail sales, eased concerns about a potential recession. Despite the encouraging consumer resilience, UBS cautioned that the risk of a significant economic slowdown remains, especially...
Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut
18.8.2024
Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a 25-basis-point (bps) rate cut. Over on Polymarket, bettors...
Robert Kiyosaki Advises Preparing for Crash Landing — Says ‘Time to Save Yourself’
18.8.2024
Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them “3-Stooges.” Kiyosaki advised...
Peter Schiff Urges the Fed to Raise Rates and Let Markets Crash
18.8.2024
Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause stocks and real estate to crash, result in a hard landing, and trigger...
JPMorgan Prepares Investors for September Rate Cut With Dual Investment Approach
17.8.2024
Favorable economic data this week bolstered market confidence, leading to a strong rally in equities, JPMorgan explained in a report published on Friday. With the Federal Reserve now likely to cut interest rates in September, the global investment bank advises investors to prepare by adjusting...
Is Bitcoin price going to crash again?
16.8.2024
Most long-term Bitcoin holders are currently in a profitable position, which heightens the likelihood of profit-taking and sending BTC prices lower
Fed rate cuts are not a sure thing — What does this mean for Bitcoin?
15.8.2024
A portfolio manager says market participants are a bit too optimistic about an aggressive Fed interest rate cut, which could pose risks
Claudia Sahm Warns Fed: Delayed Rate Cuts Could Spur Unnecessary Recession
15.8.2024
In a detailed discussion with Kitco News, Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite rising recession concerns, Sahm emphasized that the current labor market still shows strength, suggesting the economy...
Low CPI print is fodder for Bitcoin to retest all-time highs — Grayscale research head
14.8.2024
Bitcoin’s response to the CPI report was surprisingly muted
CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%
14.8.2024
On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME futures metrics upward, reflecting growing market...
Tether crypto exchanges balance hits record high as Treasury prints $1B USDT
14.8.2024
If the Fed signals a rate cut, as CME data strongly suggests, crypto traders may quickly deploy their stablecoin reserves to drive a market rally
Arthur Hayes Predicts $100K Bitcoin by Year-End — Expects ‘Glorious’ Crypto Bull Market in 2025 With BTC Reaching $1M
14.8.2024
Bitmex co-founder Arthur Hayes predicts bitcoin will reach $100K by late 2024 and could hit $1 million by 2025. He attributes this to U.S. Treasury liquidity injections and anticipates a “glorious” crypto bull market in 2025. Hayes has outlined various factors driving explosive growth...