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Goldman Sachs Predicts First Fed Interest Rate Cut in Q3 2024 – How Will Crypto Markets React?
11.12.2023
Source: Pixabay Banking giant Goldman Sachs projects two interest rate cuts in the United States by the Federal Reserve in 2024 with the first to be announced in the third quarter. A recent Reuters report states Goldman Sachs sees two rate hikes next year citing cooling inflation after...
US Dollar movement anticipates Fed’s response to inflation
11.12.2023
The Federal Reserve has hiked rates since January 2022. However, this could be the first instance when there will not be any increase in the rate. Instead, experts speculate that the rate could either be kept stagnant or brought down. All the key decisions are due this week, starting with the...
Report: 47% of Nigerians Engaged in Crypto-Related Activities
10.12.2023
A new study has found that as much as 47% of Nigerians are actively engaged in crypto trading which is now increasingly incorporated in their financial lives. The analysis also showed that crypto ownership in the country grew by 15% between 2020 and 2023. Cryptocurrencies No Longer Seen...
LandRocker Presale’s Winning Combo Of P2E And Revenue Share – What Is $LRT Token
6.12.2023
New P2E project LandRocker has raised more than $1.7 million in its presale. Leveraging the winning combo of P2E and revenue-sharing, LandRocker is a unique game that combines NFTs and staking, creating an ecosystem that harmonizes play-to-earn and play-to-win to combat inflation while boosting...
Coinbase CEO Brian Armstrong: ‘Bitcoin May Be the Key to Extending Western Civilization’
6.12.2023
Brian Armstrong, CEO of U.S.-based crypto exchange Coinbase, stated that Bitcoin could play a role in extending Western civilization. For Armstrong, Bitcoin represents an alternative to fiat currencies like the U.S. dollar, which people can use as an alternative to inflation. Coinbase CEO Brian...
PCE inflation report sparks Dollar decline: US currency nears 3-month low
5.12.2023
PCE, an acronym for Personal Consumption Expenditure, is ideal for the Federal Reserve to measure inflation. It helps them track how US citizens spend money on goods and services. A stronger PCE report reflects positively on the USD, and a weaker report means that the US Dollar is not necessarily...
Coinbase CEO Alleges Bitcoin May Be the “Key to Extending Western Civilization”
4.12.2023
Coinbase CEO Brian Armstrong claims Bitcoin “may be the key to extending Western Civilization,” according to a series of posts made from his X account Sunday night. “An antidote to inflation” “The natural trend of whichever country has the reserve currency is to inflate the money supply...
Bitcoin Price Pumps to $39,000 As Fed Chair Powell’s Remarks Encourage Rate Cut Bets – Where is BTC Headed Next?
1.12.2023
Source: Pixabay / Michael Wuensch Fed Chair Jerome Powell’s tone on the risks faced by the US economy just shifted in a dovish direction, spurring a pump in the price of Bitcoin (BTC) to new yearly highs at $39,000. Powell noted that risks that the Fed doesn’t raise interest rates enough to combat...
Top Crypto Gainers Today on DEXTools – MIND, BABYFROGE, BETROCK
30.11.2023
DEXTools Logo / Source: DEXTools X Account Blue-chip cryptocurrencies continue to consolidate within recent intra-day ranges, with Bitcoin (BTC) hovering in the upper $37,000s just below yearly highs as traders digest the latest US inflation figures and commentary from Fed policymakers. Core...
Positive CPI news for Canadians: No need to wait for inflation to go back to 2%
30.11.2023
After a constant economic struggle, the Canadian economy is finally getting a breather. The Bank of Canada recently stated that its annual inflation rate eased to 3.1% in October. At the same time, its core inflation dipped to the lowest margins in two years. Experts had previously estimated...
Economist Peter Schiff: US Dollar Near ‘Historic Crash’ — ‘Forget Soft Landing, It’s Crash and Burn’
30.11.2023
Economist Peter Schiff has warned that the U.S. dollar is “on the verge of a historic crash.” He stressed that there won’t be a soft landing for the U.S. economy, predicting a “crash & burn” scenario. Schiff highlighted the potential for increased inflation, rising...
Fed Expected to Take Dovish Stance in 2024 with Over 100 Basis Points of Cuts
27.11.2023
The Fed is expected to cut interest rates by over 100 basis points in 2024 as inflation rates fall, adopting a more dovish monetary policy stance. Image by Monster Ztudio, Adobe Stock. The U.S. Federal Reserve is likely to adopt a dovish monetary policy stance in 2024, according to projections...
Cosmos Hub greenlights ATOM inflation cut for security boost
26.11.2023
The proposal secured a narrow passage, garnering 41.1% approval votes compared to 38.5% disapproval, marking the highest turnout vote in the Cosmos ecosystem
Stablecoins will remain ‘indispensable’ in Argentina under new president — Ripio CEO
23.11.2023
Regardless of what changes Javier Milei brings to Argentina’s monetary system, stablecoin is likely to have an unshakable place in the economy, Sebastián Serrano said
Argentina’s President-Elect Javier Milei ‘No Anarcho-Capitalist’ Says Former Greek Finance Minister
22.11.2023
According to Greece’s former finance minister, Yanis Varoufakis, Argentina’s president-elect Javier Milei is “no anarcho-capitalist.” The former finance minister said Milei’s plan to fight inflation with dollarization “is like nuking a country to get rid...
Libertarian and Free Market Proponent Javier Milei Wins Argentine Presidency
20.11.2023
Argentina has welcomed Javier Milei as its newly elected president, with the libertarian candidate achieving a majority in the popular vote, surpassing his opponent Sergio Massa. Milei, who identifies as an anarcho-capitalist, has expressed his intention to dismantle the political...
3 reasons why Bitcoin price failed to break $37K
15.11.2023
Bitcoin’s latest price pullback to $35,000 was driven by softer U.S. inflation, China’s economic challenges and regulatory uncertainties
Bitcoin Technical Analysis: BTC Enters a Steady Range-Bound Consolidation Phase
15.11.2023
As bitcoin hovers around $36,209, the cryptocurrency market braces for potential shifts. The day prior, BTC slid to a low of $35,109 per coin but has since managed to rebound back above the $36K range. Bitcoin’s market volatility intensified following the release of the consumer price index...
Adrian Day Warns of ‘Inevitable’ US Recession, Describes it as a ‘Freight Train Heading Towards Us’
15.11.2023
In a recent interview, Adrian Day, CEO of Adrian Day Asset Management, shared his insights, positing a looming economic downturn in the U.S. Day critically analyzed the Federal Reserve’s actions, explaining their expected impacts on the nation’s economy. Adrian Day: Recession Looms Like...
October’s Inflation Report: Shelter Prices Up, Gasoline Plummets — Mixed Market Reactions Follow
14.11.2023
On Tuesday, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged in October, following a 0.4% increase in September. Over the past year, the all-items index rose 3.2% before seasonal adjustment, marking a notable trend...