Federal Reserve

Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty

September 26, 2024 Bitcoin.com

bitcoin.com

In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal Reserve’s monetary policies, on the commodities market. Gold Eyes $3,000 Mark Amid Hedge Fund […]

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BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency

Bitcoin Bounces Back Above Key Averages, Glassnode Sees New Investor Resilience

September 25, 2024 Bitcoin.com

Bitcoin

Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated notable confidence in the long-term market outlook. Report Shows Despite Consolidation, New Bitcoin Investors Display Strong Market Confidence […]

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BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency

Lawmakers Question SEC Over Disruptive Crypto Custody Rules

September 24, 2024 Bitcoin.com

bitcoin.com

Congressional leaders are pressing regulators over concerns that the U.S. Securities and Exchange Commission (SEC)’s new guidelines on digital asset custody could disrupt financial innovation and regulatory collaboration. Lawmakers question whether the SEC acted prematurely, potentially jeopardizing efforts to safeguard digital assets through coordinated agency work. They demand more transparency on the SEC’s actions and […]

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BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency

Economist Jim Rickards: Fed’s Narrative Is Wrong, Recession Coming

September 24, 2024 Bitcoin.com

bitcoin.com

Jim Rickards, a renowned economist and author of several best-selling books, has explained that the recent Federal Reserve 0.5% interest rate cut shows that the institution has fallen behind the curve and is “in a little bit” of a panic mode, with a recession coming according to several technical indicators. Jim Rickards Warns About Coming […]

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BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency

UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’

September 23, 2024 Bitcoin.com

bitcoin.com

UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for gold as a safe-haven asset. UBS also notes that central bank purchases and investor inflows into gold ETFs are sustaining the metal’s […]

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BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency

Fed’s 50bps Reduction Triggers $321M in Digital Asset Inflows, Coinshares Reports

September 23, 2024 Bitcoin.com

Bitcoin

Digital asset investment products recorded inflows of $321 million in the second consecutive week of positive activity, according to a report by Coinshares. The surge in inflows is largely attributed to the Federal Open Market Committee’s (FOMC) decision to cut interest rates by 50 basis points (bps). Coinshares: U.S. Leads Digital Asset Inflows According to […]

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BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency

Lynette Zang: Hyperinflation Looms as US Dollar’s Purchasing Power Dwindles

September 22, 2024 Bitcoin.com

bitcoin.com

Lynette Zang, CEO of Zang Enterprises, asserts that hyperinflation is already underway, predicting a further decline in the U.S. dollar’s value. According to Zang’s recent interview with Kitco, the current financial trends indicate that the dollar’s purchasing power will reach zero, leading to a significant economic crisis by 2025. Zang Warns of Hyperinflation as U.S. […]

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BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency

Robert Kiyosaki Predicts Bitcoin Could Hit $500K by 2025, $1M by 2030

September 21, 2024 Bitcoin.com

AI

Rich Dad Poor Dad author Robert Kiyosaki has shared his expectation that the price of bitcoin could skyrocket to $500,000 by next year and $1 million by 2030. He referenced Jim Rickards’ upcoming book, which warns about the risks AI poses to the global financial system, potentially increasing economic instability. Robert Kiyosaki’s Bold Bitcoin Prediction […]

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BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency

JPMorgan Forecasts Potential 50bps Rate Cut in November Following Recent Fed Move

September 21, 2024 Bitcoin.com

bitcoin.com

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 weakens. While some other Wall Street firms have adjusted their outlooks, JPMorgan remains confident in its forecast, […]

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BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency

Impact of Fed Rate Cuts on Crypto Markets, Bybit Executive Weighs In

September 20, 2024 Bitcoin.com

Bitcoin

Bybit’s head of institution has shared his insights into the possible effects of the Federal Reserve’s rate cuts on the cryptocurrency market. “We anticipate that the recent rate cut could enhance market sentiment and encourage both retail and institutional investors to diversify their portfolios by exploring and investing in cryptocurrencies,” he opined. Bybit’s Chris Aruliah […]

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BNB Hits New All Time High to Briefly Surpass Solana as 4th Largest Cryptocurrency