Bitcoin started the new week on a negative note as major investment banks reassessed their expectations for Federal Reserve (Fed) rate cuts following Friday's strong jobs report.The leading cryptocurrency by market value dipped below $93,000 during
By Elsa OhlenBitcoin, XRP, and other cryptocurrencies were falling early Friday as strong employment data fueled investors' concern that the Federal Reserve will cut interest rates more slowly.Bitcoin dipped to $92,442 after the jobs numbers were re
At its fourth quarter meeting on Dec. 27, the People’s Bank of China committee (POBC) proposed a more dovish (low interest rate) policy going forward.At the same time, the US Fed has different plans.China Announces Interest Rate CutFinancial analysts
Argentine President Javier Milei, who self-describes as anarcho-capitalist, issued recommendations to Elon Musk, head of the Department of Government Efficiency (D.O.G.E.), to develop his deregulation and state cleaning role. In Lex Fridman’s podcast
Federal Reserve officials are preparing for the second Fed rate cut next week, in response to a steady decline in the inflationary pressures that previously contributed to widespread frustration among Americans and factored into Donald Trump’s presid
The post Bitcoin Price Reaches New High: How the US Election and Fed Rate Cut Boosted Crypto appeared first on Coinpedia Fintech News Since November 5, the day of the 2024 US presidential election, the Bitcoin market has surged by at least 12.79%. Al
Bitcoin hit a record high on Thursday, driven by Trump's election victory and the Federal Reserve's interest rate cut.
These days, a Fed rate cut Bitcoin scenario looks pretty interesting as cryptocurrency markets seem to be getting…
Investors are rallying around Bitcoin as a potential Trump win boosts optimism for pro-business policies, while a 25-basis-point rate cut could enhance liquidity and stimulate risk-taking.
Market optimism over an expected Federal Reserve rate cut is eclipsing election worries, with investors betting that reduced borrowing costs will bolster economic growth. Election Worries Sidestepped as Markets Bank on Fed’s Economic Lifeline, Green
Former Cleveland Fed President Loretta Mester recently discussed a potential Fed rate cut at the November FOMC meeting. She said that a 25 basis point (bps) cut seems pretty straightforward at this point and explained why. A 25bps Fed Rate Cut Is “Pr
Beyond Bitcoin trend, one of the most important conversations on Wall Street now is the potential Fed rate cut in November. With the US economic data coming in below expectations, there is a higher level of certainty of a rate cut next month. The tim
The post Crypto Market Today (11th Oct 2024): Bitcoin at $60k, Fed Rate Cut in Focus as Uptober Underwhelms? appeared first on Coinpedia Fintech News Today, the global cryptocurrency market is rather stable, with a 0.03% growth, bringing the overall
The FOMC rate cut triggered a crypto rally, and Rexas Finance, Shiba Inu, Neiro, and Solana are poised for high returns.
Tokens surged following the Fed’s decision to cut rates by 50 bps.
With much of the rate cut-related euphoria and speculation now in the rearview, crypto prices may take a pause, some analysts have forecast.
Peter Schiff has warned that the Federal Reserve’s rate cut will lead to economic disaster. Microstrategy, continuing its bitcoin acquisition strategy, plans to buy more bitcoin after raising $1.01 billion from a private offering. A bitcoin investor
The spot Ethereum ETFs have seen two consecutive days of net inflows.
JPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points. The bank, which predicted this week’s half-point cut, believes further reductions are likely if the job market we
The Federal Reserve’s rate cuts have been good for Bitcoin and the broader economy. Major banks like Goldman Sachs, Morgan Stanley, Bank of America, and others have adjusted their predictions for the impact of these cuts. These new predictions vary s