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Nigeria Central Bank Governor Defends Naira Float Decision
8.10.2024
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, emphasized the importance of the decision to float the naira, despite public criticism of the move. He stated that the disparity between official and parallel exchange rates encouraged arbitrage and speculation, eroding market...
JPMorgan Analysts Predict Bitcoin Gains in Q4 as ‘Uptober’ Trend Takes Hold
8.10.2024
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...
Crypto investment products see $147M outflows after 3-week inflow streak
7.10.2024
The outflows from crypto investment products in the last week followed a series of inflows totaling nearly $2 billion in the previous three weeks
Experts Fear Cryptocurrency Outflows May Affect Exchange Rates in Brazil
7.10.2024
Analysts believe that, in the future, outflows derived from cryptocurrency purchases could affect the domestic exchange rate in Brazil. The Central Bank of Brazil indicates that crypto assets and recreational services account for $14.7 billion that flowed out of Brazil through August, hinting...
Zimbabwe Injects $50 Million to Bolster Devalued Currency
6.10.2024
The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However, industry leaders believe the bank is not doing enough to facilitate the smooth operation of the market. They argue that the policy requiring companies to have...
Bitcoin Gains Expected as US Jobs Data Drives Fed Rate Cuts, Analyst Says
5.10.2024
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...
US jobs report signals fewer rate cuts, still bullish for BTC: Grayscale
4.10.2024
The bullish jobs report adds fuel to hopes for an “Uptober” and fourth-quarter rally in Bitcoin’s price
Bitcoin Nears $62K as Crypto Rebounds on Jobs Report and Rate Cut Hopes
4.10.2024
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...
US Job Data Crushes 50 bps Fed Rate Cut Hopes, Bitcoin to Dip?
4.10.2024
The recent U.S. labor market data has cast doubt on expectations for a potential 50-basis-point interest rate cut…
U.S. Added Blowout 254K Jobs in September, Unemployment Rate Dips to 4.1%
4.10.2024
Ethereum inflation rises, threatens ‘ultrasound money’ status: Report
4.10.2024
Ethereum’s inflation rate hit a two-year high as layer-2 solutions curb transaction burns, challenging its deflationary promise, according to a new Binance Research report
TeraWulf sells its 25% stake in Nautilus Cryptomine for $92M
4.10.2024
TeraWulf said it will use the proceeds to buy cheaper Bitcoin miners and expand its AI and high-performance computing streams
Bitcoin Dominance Nears 3-Year High Amid Altcoin Weakness; Aptos Outperforms as SUI Drops
3.10.2024
Bitcoin held above the $60,000 key support level, while Ethereum's ETH fell to near its weakest level against BTC since mid-September
Bitcoin drops to $63K, fails to rebound after Fed hints at future interest rate cuts
1.10.2024
Bitcoin surprised traders by opening the week in the red, and the Federal Reserve’s announcement about future rate cuts failed to reverse the downtrend
The Global Rate Cut Cycle Will Power Risk Assets Even Higher
30.9.2024
Investors tend to focus on monetary policy from the major central banks and Canada, Sweden, and Switzerland have each cut rates three times this year. Lower borrowing costs going forward should boost the price outlook for crypto, says Scott Garliss
US election outcome won’t slow Q4 Bitcoin rally, hedge fund says
30.9.2024
Neither party has adequately addressed the country’s spiraling debt and deficit problem, which will play into Bitcoin’s hands post-election, a hedge fund manager said
US election outcome won’t slow Q4 Bitcoin rally, hedge fund says
30.9.2024
Neither party has adequately addressed the country’s spiraling debt and deficit problem, which will play into Bitcoin’s hands post-election, a hedge fund manager said
US election outcome won’t slow Q4 Bitcoin rally, says hedge fund
30.9.2024
Neither US party has attempted to adequately address the country’s spiraling debt and deficit problem, which will play into Bitcoin’s hands post-election, says a hedge fund manager.
Coinbase Sees Strong Q4 for Bitcoin, Fueled by US Rate Cuts, China Stimulus
30.9.2024
Coinbase Institutional’s report highlights optimism for the crypto market, driven by expectations of U.S. rate cuts and China’s monetary stimulus, which could boost bitcoin’s performance in Q4 2024. While bitcoin remains strong, ethereum faces challenges with rising transaction...
Bitcoin monthly close, fresh bullish narratives lead BTC traders to aim for new price highs
29.9.2024
Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.