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Crypto products post $726M outflows amid rate cut uncertainty
9.9.2024
CoinShares expects that a 50-basis-point cut is more likely if inflation comes in below expectations in the upcoming inflation report on Sept. 10
A 0.50% Fed Rate Cut Could Raise Alarm for Bitcoin, 10X Research Warns
9.9.2024
The Fed is expected to begin its much-anticipating rate-cutting cycle from next week
Rising Yield Curve and Jobs Miss Add to Economic Jitters, Stocks and Bitcoin Slide
6.9.2024
Equities kicked off Friday on a quiet note, with little movement as the latest U.S. labor market report unveiled a softer-than-anticipated addition of 142,000 jobs for August. The data only adds to growing recession concerns, layering on top of several earlier signs hinting at an economic slowdown....
U.S. Added 142K Jobs in August, Likely Setting Stage for 25 Basis Point Rate Cut
6.9.2024
Total crypto market sinks below $2T as analysts eye Bitcoin reversal below $54K
4.9.2024
Analysts are eying a potential correction below $54,000 to $50,000, despite growing expectations of an interest rate cut in the
Total crypto market sinks below $2T as analysts eye Bitcoin reversal below $54K
4.9.2024
Analysts are eying a potential correction below $54,000 to $50,000 despite growing expectations of an interest rate cut in the United States
Japan’s finance regulator calls for lower crypto taxes in 2025
4.9.2024
Japan's Financial Services Agency has released plans to overhaul the nation's tax code which could see the tax rate for crypto assets lowered in 2025.
US Fed rate cut could push Bitcoin down 20%: Analysts
4.9.2024
Bitfinex says it’s a “challenging time” for Bitcoin traders as the US Fed’s widely expected rate cut could lead to a drop in Bitcoin’s price and not a boost as hoped by the market
Analysts Anticipate Bitcoin Falling to $40K Level as Fed Rate Cuts Loom
4.9.2024
Bitfinex’s analysts expect bitcoin’s price to potentially drop to the low $50,000s or mid $40,000s if the Federal Reserve cuts interest rates this month. The “historical price action for September also aligns with our view of a projected 20 percent drop in bitcoin prices...
Bitcoin falls alongside stocks following Bank of Japan rate hike comments
3.9.2024
Bitcoin opens the week in the red as comments from the Bank of Japan and a sharp sell-off in equities markets negatively impact BTC price
Bitcoin falls alongside stocks following Bank of Japan rate hike comments
3.9.2024
Bitcoin opens the week in the red as comments from the Bank of Japan and a sharp sell-off in equities markets negatively impact BTC price
Bitcoin Could Drop 20% After Fed Rate Cuts in Bearish Case, but Weak September Presents Buying Opportunity: Analysts
3.9.2024
Bitcoin could fall to as low as somewhere in the $40,000-$50,000 range following a September Fed rate cut in a bearish scenario, Bitfinex said in a report
First Mover Americas: Bitcoin Gain Checked by Hints of Further BOJ Rate Rises
3.9.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 3, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bank of Japan Governor Hints at More Rate Hikes; BTC Drops 0.4%
3.9.2024
The divergent monetary policy paths of the BOJ and the Fed mean potential for yen strength and pain for risk assets, including cryptocurrencies
Arthur Hayes explains why Fed rate cuts aren't helping Bitcoin
3.9.2024
The flow of money has gone from treasury bills into higher-yielding reverse repos, according to the former BitMEX boss.
Markets Bet Big on a 25bps Fed Rate Cut—Low Odds for a Bigger Reduction
2.9.2024
On Sept. 2, 2024, or roughly 16 days before the next Federal Open Market Committee (FOMC) meeting, an overwhelming majority of the market seems to be predicting the U.S. Federal Reserve to cut the federal funds rate by 25 basis points (bps) on Sept. 18. The U.S. federal funds rate is currently...
Crypto products hit with $305M outflow amid strong US economic data
2.9.2024
CoinShares expects that crypto investment products will become “increasingly sensitive” to interest rate expectations in September
Russian Economy Sees Growth Despite Western Sanctions and Declining Imports
2.9.2024
The Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low, despite ongoing Western sanctions related to the Ukraine conflict. Industrial production, driven by military manufacturing, saw a 3.3% increase in July, and the...
Indonesia and South Korea Sign New Local Currency Agreement to Boost Trade
1.9.2024
Bank Indonesia, the Bank of Korea, and South Korea’s Ministry of Economy and Finance have introduced a local currency transaction framework to boost bilateral trade using the rupiah and won. This initiative aims to reduce exchange rate risk and improve transaction efficiency by facilitating...
Arthur Hayes Predicts Bitcoin Boom as Central Banks Cut Interest Rates
1.9.2024
Bitmex co-founder Arthur Hayes is optimistic about bitcoin’s future, citing recent interest rate cuts by central banks. He believes further rate cuts by the U.S. Federal Reserve, Bank of England, and European Central Bank could expand the money supply and drive inflation. Hayes argues that...