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Expected Fed Rate Cuts Support Bull Case in Bitcoin, But There is a Catch
4.1.2024
Renewed rate cuts by the Fed have historically presaged recessions and triggered rotation of money out of risk assets
Federal Reserve Expects Rate Cuts in 2024 But Path Remains Foggy, Minutes Reveal
3.1.2024
FOMC minutes point to rate cuts by 2024 but a foggy path ahead as the U.S. Federal Reserve stresses a data-dependent approach. Image by Fareed Mindalano, DALL-E 3. The U.S. Federal Reserve expects to begin cutting interest rates in 2024, according to the minutes from the Federal Open Market...
Report: Turkey Exits From Foreign Exchange Protected Deposit Program
3.1.2024
On Jan. 1 Turkey ended its two-year-old foreign exchange (FX)—protected deposit program in what is seen as another step towards a return to orthodoxy. Treasury and Finance Minister, Mehmet Simsek also signaled the start of what he called a “permanent improvement in the current account.”...
Ethereum Price Pumps Above $2,300 While Meme Kombat Blasts Past $5m as Meme Coin Whales Buy Big
30.12.2023
Friday, December 28th, 2023 – Altcoins like Ethereum are hotting up and Meme Kombat is joining the party too, after raising more than $5 million to pass the 50% milestone in its ICO. As the new meme coin enters the latter half of its presale its fundraising run rate is accelerating as whales pile...
India’s De-Dollarization Push Flounders as Oil Suppliers Cite Rupee Repatriation Concerns
28.12.2023
The Indian Oil Ministry recently acknowledged that the country’s push to pay for oil with rupees has failed because suppliers are not sure if they will be able to repatriate their funds. The decision is intended to help diminish India’s reliance on the U.S. dollar when settling...
Long Crypto Traders See $190M in Losses as Bitcoin Retreats After Apparent Mt.Gox Repayments
27.12.2023
Some $45 million stemmed from altcoin futures in an unusual move – with bitcoin accounting for a relatively lesser $36 million in liquidations
Long Crypto Traders See $190M in Losses as Bitcoin Retreats After Apparent Mt.Gox Repayments
27.12.2023
Some $45 million stemmed from altcoin futures in an unusual move – with bitcoin accounting for a relatively lesser $36 million in liquidations
Bitcoin Breaks Records: Christmas Eve Sees Lifetime Surge in Daily Transactions and Hashrate
25.12.2023
On Dec. 24, 2023, Bitcoin shattered yet another daily transaction milestone, with miners confirming 723,459 transfers in a single day. The transaction rate on Christmas Eve exceeded the former peak of 710,579 verifications on Nov. 19, 2023. Bitcoin’s Festive Feat — Record Transactions...
Crypto Expert Chosen by Erdogan for Turkey’s Central Bank Board
24.12.2023
Image Source: Pixabay Turkey President Recep Tayyip Erdoğan has appointed professor Fatma Ozkul, an expert in crypto assets and blockchain technology, to the central bank’s rate-setting committee. According to a recent report from Bloomberg, the nomination of Ozkul was announced in a decree...
Dogecoin Price Prediction as $1.2 Billion Trading Volume Floods In – A Bigger Surge Incoming?
22.12.2023
Despite a nearly 10% decline over the past week and a 3% drop in the last 24 hours, Dogecoin has seen a remarkable trading volume influx, boasting a over 19% increase in activity. This flurry in trading suggests a strong investor interest in acquiring Dogecoin at its current rate of $0.0950, with...
Report: Nigerian Currency Plunges to New Low Versus the US Dollar
22.12.2023
The official exchange rate of the Nigerian currency versus the U.S. dollar recently plunged to a record low of 1,248 naira for every greenback. The governor of the Central Bank of Nigeria has told the country’s legislators that he sees the foreign exchange market stabilizing in 2024. Official...
Value of Stablecoins on Ethereum Sees 34% Decline, Tron Records 57.7% Growth since 2022
19.12.2023
Source: iQoncept / Adobe The value of stablecoins on Ethereum (ETH) has experienced a decline of 34% since 2022, while stablecoins on TRON (TRX) have seen a significant growth rate of 57.7% during the same period. According to a recent report from Sixdegree Lab, the supply of stablecoins...
Lesotho’s Entire Payment System Reportedly Goes Offline After Cyberattack
16.12.2023
The Central Bank of Lesotho recently confirmed that its payment system was attacked by unknown cybercriminals. The bank also acknowledged that the resulting downtime is making it “impossible for all local banks to honor inter-bank transactions in the country.” No Financial Loss Suffered...
Bitcoin Price Pressured as Fed Official Says “Premature to Even Be Thinking About” Rate Cuts – Where Next For BTC?
15.12.2023
Source: Pixabay / Michael Wuensch The Bitcoin (BTC) price has come under pressure on Friday, dipping 2% from around $43,000 to the low $42,000s in wake of hawkish commentary from a leading US Federal Reserve monetary policymaker John Williams. Williams, who is the president of the influential...
Bitcoin’s Volatility Surge: $48 Million Liquidated in 24 Hours
15.12.2023
Source: Adobe / Maximusdn The surge in volatility that followed the US Federal Reserve’s interest rate announcement on Wednesday caused some $48 million to be liquidated in 24 hours in the Bitcoin market. As of press time on Friday, Bitcoin (BTC) again traded just below the $43,000 mark, after...
Bitcoin Price Prediction as BTC Surpasses $42,000 Amidst Dovish Fed Signals – Is the Bull Run Back?
14.12.2023
Bitcoin’s recent price surge beyond $42,000 marks a significant turnaround in its market trajectory, particularly in light of dovish signals from the US Federal Reserve. The central bank’s decision to maintain steady interest rates, coupled with hints of potential rate cuts in 2024,...
TradFi aposta tudo nos cortes das taxas do Fed. O que isso significa para o Bitcoin
14.12.2023
O Fed sinalizou ontem que uma política monetária muito mais fácil está reservada para 2024
TradFi Goes All-In on Fed Rate Cuts. What It Means for Bitcoin
14.12.2023
The Fed yesterday signaled that far easier monetary policy is in store for 2024
TradFi mise à fond sur les baisses de taux de la Fed. Ce que cela signifie pour Bitcoin
14.12.2023
La Fed a signalé hier qu’une politique monétaire beaucoup plus souple était prévue pour 2024
TradFi punta tutto sui tagli dei tassi della Fed. Cosa significa per Bitcoin
14.12.2023
Ieri la Fed ha segnalato che per il 2024 è in serbo una politica monetaria molto più accomodante