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Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report
25.4.2024
Increasing concerns about sticky inflation hit risk assets across all markets including cryptos
Bitcoin Inflation Rate At An All-Time Low
25.4.2024
Bitcoin's inflation rate has reached a new milestone, recording an all-time low of approximately 1.74%, just days after the latest Bitcoin halving.
The post Bitcoin Inflation Rate At An All-Time Low appeared first on Cryptonews
2 on-chain metrics suggest Bitcoin at its ‘best moment to buy’
25.4.2024
One crypto analyst says Bitcoin’s just undergone one of the “healthiest market resets” he has seen in a long time
Biden’s 44.6% capital gains tax proposal likely a ‘nothing burger’
25.4.2024
President Biden’s move to introduce a 44.6% federal capital gains tax probably wouldn’t affect most people in crypto, according to crypto tax commentators
Nigerian Central Bank Governor Denies Using Forex Reserves to Defend Local Currency
20.4.2024
The Nigerian central bank governor has refuted claims that the bank is using the country’s foreign exchange reserves to shore up the naira. The governor attributes the decline in reserves to debt repayments and other payments, which are made because they help to maintain Nigeria’s...
Top Crypto Gainers Today on DEXScreener – RBOT, BRUNES, ALK
19.4.2024
As Bitcoin (BTC) hovers just above the $64,000 level with the issuance rate halving just hours away and most other major altcoins trade with little by way of impetus, traders are turning to on-chain crypto market monitoring tools like DEXScreener as they hunt for top crypto gainers today.
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Polymarket Traders See 32% Chance of No Fed Rate Cuts This Year
19.4.2024
The hawkish shift in the market sentiment could dampen the demand for risk assets, including cryptocurrencies and technology stocks
Ethereum Sees $365 Million in Revenue in Q1, Up by 155% YoY
19.4.2024
The Ethereum network reported a robust income of $365 million in the first quarter of 2024, an impressive year-on-year quarterly revenue growth rate of 155%.
The post Ethereum Sees $365 Million in Revenue in Q1, Up by 155% YoY appeared first on Cryptonews
Shiba Inu’s burn rate Soars 25,000% amid market downturn
17.4.2024
The prominent meme-based cryptocurrency, Shiba Inu, has shown an exceptional surge in token burning rate, rising by 25,035.22% in a single day based on Shibburn’s confirmation. This showed an instant the community’s efforts to diminish the token and scalp it during the challenging...
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.
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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...