Search
Best Crypto to Buy Now April 16 – Celestia, Pepe, Fantom
16.4.2024
With cryptocurrency markets a sea of red on Tuesday, as the market continues to trade heavy amid a cocktail of concerns about Middle Eastern geopolitical tensions and about the falling likelihood of near-term Fed interest rate cuts, investors are turning to smaller and lesser-known altcoins as they...
Best Crypto to Buy Now April 15 – CORE, NEO, PENDLE
15.4.2024
With cryptocurrency markets are choppy on Monday as traders weigh potentially easing geopolitical risks in the Middle East against another stronger-than-expected US economic data release, which has pushed traders further downsize bets on near-term rate cuts from the US Federal Reserve, crypto...
Volatile Nigerian Currency Rallies 12%, Becomes Best-Performing Currency in April
15.4.2024
After months of sustained decline, the Nigerian currency has rallied since March and is currently ranked as the best-performing fiat currency in April. Andrew Matheny, an economist at Goldman Sachs, said the naira’s momentum can only be maintained if policymakers do not deviate from their...
Uncertainty Over Fed Rate Cuts Intensifies With Sticky Inflation Metrics
13.4.2024
As each day unfolds, analysts, economists, Wall Street institutions, and Fed watchers have increasingly postponed their forecasts for when the U.S. Federal Reserve will reduce the benchmark interest rate. Current data suggest that a rate cut in June is unlikely, with odds standing at 50-50 for...
Bitcoin is Pricing in Two Fed Rate Cuts For 2024, Trader Says
11.4.2024
Bitcoin is stable as Asia begins its trading day, but crypto quant shop sees risk assets pricing in two, not three rate cuts
Nigerian Central Bank Prohibits Use of Foreign Exchange as Collateral for Local Currency Loans
10.4.2024
The Central Bank of Nigeria has barred the use of foreign exchange as collateral for local currency loans. In its April 8 letter addressed to banks, the CBN warned of severe consequences for banks that fail to comply with the latest directive. Halting the Slide of the Naira Hamstrung by ongoing...
Bitcoin Price Surprisingly Strong As Hot US Inflation Data Throws Fed Rate Cut Story Into Doubt – Where Next for BTC?
10.4.2024
The Bitcoin (BTC) price is surprisingly strong on Wednesday, having recovered back from session lows in the mid-$67,000s to the $69,000s, despite hotter-than-expected US inflation data throwing the US Federal Reserve’s rate cut story into doubt.
The post Bitcoin Price Surprisingly Strong As Hot...
Rate Cuts Could be ‘Out the Window’ After March CPI Data Reveals Stubborn Inflation, Tradestation Exec Says
10.4.2024
The U.S. Consumer Price Index (CPI) experienced a higher increase than anticipated in March, climbing by 0.4% over the month to reach 3.5%. The Bureau of Labor Statistics reported that the rise was primarily fueled by increases in shelter and gasoline costs. This acceleration in the inflation rate...
Peter Schiff Warns High Inflation Returning — Accuses JPMorgan CEO Jamie Dimon of Sugarcoating the Problem
10.4.2024
Economist and gold bug Peter Schiff has warned that high inflation will return with a vengeance and significant Fed rate hikes will be necessary. He also criticized JPMorgan CEO Jamie Dimon for downplaying the severity of the U.S. economic situation. However, he conceded that Dimon’s...
SHIB token burn rate skyrockets 300%, fueling price surge and optimism
9.4.2024
Previous days witnessed a massive increase in token burns daily, and it happened at a time when an increase in the meme coin’s price was reported. Shiba Inu, the world’s biggest meme coin, was subjected to a large burn rate the previous week. This resulted in almost 100 million SHIB...
Fed Governor Bowman Insists High Inflation Could Necessitate Future Rate Hikes
7.4.2024
Inflation in the U.S. has remained persistent, experiencing increases in the first two months of 2024, prompting members of the U.S. Federal Reserve to exercise caution against premature rate reductions. Federal Reserve Governor Michelle Bowman has voiced considerations for elevating interest...
Top Crypto Gainers Today on DEXScreener – MUFFIN, PVGO, GPT
6.4.2024
As blue-chip cryptocurrencies nurse losses on a Friday that saw a further hawkish repricing of Fed rate cut expectations, investors looking for top crypto gainers today are turning to the highly illiquid and volatile on-chain markets for quick returns.
The post Top Crypto Gainers Today...
Best Crypto to Buy Today April 5 – NEAR Protocol, Toncoin, Bitcoin Cash
5.4.2024
As major crypto prices chop within weekly ranges as traders contend with more strong US economic data and fresh hawkish commentary from Fed policymakers which has had the combined effect of pushing markets to downsize bets on Fed rate cuts in 2024, investors looking for fast returns continue...
Crypto market braces for turbulence after SBF conviction, rate cut revision
5.4.2024
The crypto market is known for its volatility. More than that, it is known for housing turbulence; most of it makes it to the surface and then the reports. Volatility entails fluctuations in the price, and turbulence pertains to incidents that catch tons of attention. That said, BTC and ETH...
Near Record High Funding Rate Suggests Bitcoin Pullback Not Over
4.4.2024
Though modestly higher today, bitcoin remains lower by about 8% from its record high hit two weeks ago
Markets Tumble as Fed Rate Cut Expectations Diminish
3.4.2024
Attention is riveted on the Federal Reserve’s assembly set for May 1, with widespread anticipation that the U.S. central banking authority might lower the federal funds rate at this juncture of the year. Currently, market forecasts suggest a rate reduction is very unlikely, and Cleveland...
BlockDAG pioneers mobile mining revolution with X1 app, leading ahead of SHIB’s burn rate increase and Waves’ market optimism
31.3.2024
In the dynamic world of cryptocurrency, innovative approaches to mining and strategic token burns are reshaping the landscape for investors and enthusiasts alike. Amidst this transformation, BlockDAG emerges with a pioneering mobile mining solution, bypassing the complexities associated with...
Turkish Citizens Seek Refuge in Gold and Stablecoins Amid Surging 67% Inflation Rate
24.3.2024
According to February 2024’s latest inflation data, Turkey faces an inflation rate exceeding 67%, amid ongoing currency devaluation and a declining lira against the U.S. dollar. Recent findings suggest that in an effort to safeguard their wealth, Turks are increasingly turning to gold, with...
Bitcoin Rallies Post-Fed Rate Announcement, Shorts Worth $151.69M Liquidated
21.3.2024
The valuation of bitcoin (BTC) tapped the $68,000 mark merely 17 hours following its dip to $60,760 per unit. Following the latest Federal Open Market Committee (FOMC) session, the entire crypto market has seen a 5.9% upturn, with bitcoin rising 6.8% versus the U.S. dollar. Crypto Market...
FOMC Interest Rate Decision Signals All Clear For Bitcoin Bull Run
20.3.2024
The Bitcoin (BTC) bull run has clear skies above following the Federal Open Markets Committee (FOMC) interest rate decision on Wednesday.
The post FOMC Interest Rate Decision Signals All Clear For Bitcoin Bull Run appeared first on Cryptonews