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Bank of Canada Begins G-7 Monetary Easing Cycle, Trimming Benchmark Rate 25 Basis Points
5.6.2024
Lower interest rates in developed economies could be a tailwind for bitcoin prices
Bitcoin halving impacts miner Riot’s revenue by 43% despite new facility
5.6.2024
To keep up with the declining Bitcoin rewards, Riot Platforms opened a new mining facility near Corsicana, Texas
US Banking Sector Teeters: $517B Unrealized Losses, 63 Troubled Institutions Flagged
4.6.2024
U.S. banks reported an alarming increase in unrealized losses and a growing list of institutions at risk of failure in the first quarter of 2024, according to the latest U.S. Federal Deposit Insurance Corporation (FDIC) data. The FDIC report highlights $517 billion in unrealized losses...
Why Bitcoin may be boosted by a European Central Bank rate cut
3.6.2024
The ECB is widely anticipated to implement a 0.25% rate cut, following seven consecutive months of easing inflation across the eurozone
Why Ethereum ETF day one inflow won’t be like Bitcoin — Fireblocks MD
3.6.2024
Stephen Richardson’s view aligns with Bloomberg’s ETF analysts, who expect the spot Ether ETFs to capture 10-20% of the flows that Bitcoin ETFs did at launch
UBS Raises Gold Price Forecast Amid Rising Central Bank Demand and Geopolitical Tensions
25.5.2024
UBS has raised its gold price forecast following a record surge in gold prices, driven by anticipated Federal Reserve rate cuts and a weakening U.S. dollar. The main factors behind the investment bank’s upgraded gold price prediction include softer U.S. economic data, increased central bank...
Bitcoin Price Prediction: BTC Near $70,000 Amid FOMC Meeting Minutes Revealing Inflation Concerns
23.5.2024
Bitcoin price prediction highlights BTC approaching $70,000 as the latest FOMC meeting minutes reveal ongoing inflation concerns and potential interest rate impacts.
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Goldman Sachs CEO Forecasts No Fed Rate Cuts This Year
22.5.2024
David Solomon, CEO of Goldman Sachs, expressed doubts about the Federal Reserve cutting interest rates this year due to the resilient economy, bolstered by government spending and investments in AI infrastructure. Despite these factors, Solomon highlighted the impact of rising prices on consumer...
Smash Bros. Director Reveals All Fighters Have About The Same Win Rate
21.5.2024
If you’ve spent any time online looking up information about Nintnedo’s long-running fighting game franchise Super Smash Bros., you’ve likely seen some tier lists claiming certain characters are overpowered or terrible. But a new video from the creator of the series reveals that’s not the case,...
4 reasons why Bitcoin was a buy below $70K
21.5.2024
Technical chart patterns suggest that Bitcoin could see more upside momentum in the following weeks, mirroring previous bull cycles
Nigerian Currency Slides 5% After Central Bank Injects More Than $80 Million Into Forex Market
20.5.2024
The Nigerian naira continued with a downward which recently saw it being named the worst-performing currency when it slid by just over five per cent to erase the previous day’s gains. The naira’s depreciation is said to have occurred just a day after the central bank intervened...
First Mover Americas: Bitcoin Tops $66K as Interest-Rate Cuts Loom
16.5.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for May 16, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin Price Prediction as US Core Inflation Data is Released – Is the Bull Market About to Start?
16.5.2024
Bitcoin surges 7.50% to $66,350 as US CPI data indicates cooling inflation, boosting hopes for a Federal Reserve rate cut.
The post Bitcoin Price Prediction as US Core Inflation Data is Released – Is the Bull Market About to Start? appeared first on Cryptonews
Bitcoin could top $100K but only if 'high-yield rate' falls below 7% — Analyst
15.5.2024
Bitcoin needs the high yield rate to fall as low as 6% if it wants to reach a "sustainable all-time high", says crypto analyst Timothy Peterson
Bitcoin Hash Rate Declines as Mining Firms Shut Down Unprofitable Rigs Post-Halving
14.5.2024
The hash rate of the Bitcoin network has experienced a significant decline as mining firms are shutting down unprofitable mining rigs following the fourth Bitcoin halving.
The post Bitcoin Hash Rate Declines as Mining Firms Shut Down Unprofitable Rigs Post-Halving appeared first on Cryptonews
Bitcoin hash rate dips as miners turn off unprofitable ASICs post-halving
14.5.2024
Despite the recent block reward halving, only the profitability of Bitcoin miners with less efficient mining rigs is endangered, according to Terawulf's Nazar Khan
Billionaire Barry Sternlicht Foresees Banks Failing Every Week in US
12.5.2024
Barry Sternlicht, CEO of Starwood Capital Group, has voiced concerns about the vulnerability of regional and community banks in the U.S. to high interest rates and inflation, particularly amid the commercial real estate downturn. He forecasted frequent failures of these banks, predicting:...
Bitcoin Price Prediction as BTC Hits $60k After FED’s Rate Cut Comments – What’s Next?
11.5.2024
As Federal Reserve Governor Michelle Bowman hints at no need for rate cuts, Bitcoin faces resistance near $60k—what will sway its next move?
The post Bitcoin Price Prediction as BTC Hits $60k After FED’s Rate Cut Comments – What’s Next? appeared first on Cryptonews
Bitcoin Price Prediction: Falls to $60,620 Amid Fed Rate Cut Speculation and ETF Inflows
10.5.2024
Bitcoin dips to $60,620 as U.S. economic data hints at possible Fed rate cuts, sparking a bullish sentiment in crypto markets.
The post Bitcoin Price Prediction: Falls to $60,620 Amid Fed Rate Cut Speculation and ETF Inflows appeared first on Cryptonews
Zambian Currency, the Kwacha, Plunges to New Record Low Against US Dollar
10.5.2024
Zambia’s worsening shortage of foreign exchange as well as one of its worst droughts in recent memory saw the local currency drop to a record low of K27.3 to the dollar. As explained in the report, the kwacha has lost as much as 17% in the past six months. Forex Shortages: The Impact...