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

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

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Bitcoin is pinned below $65K but several market structure-altering factors are at play

Bitcoin must overcome resistance in the $64,000 to $66,000 zone before a new set of growth catalysts initiate the path to six-figure BTC price territory.

This week was a real belt-buster on so many levels. Federal Reserve Chair Jerome Powell finally gave a portion of the market what it wanted by tossing out a 50 basis point interest rate cut. 

The S&P 500 hit another all-time high and gold remains in up-only mode. 

In response to the policy shift and other factors, Bitcoin (BTC) broke out and found strength up to $64,133. Even with the long-awaited Fed policy shift confirmed, Bitcoin’s day-to-day price action has yet to deviate from its six-month norm. 

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Cosmos co-founder proposes peer-to-peer clearing system in white paper

JPMorgan CEO Jamie Dimon on Fed Rate Cuts: Bigger Economic Problems Ahead

JPMorgan CEO Jamie Dimon on Fed Rate Cuts: Bigger Economic Problems AheadJPMorgan Chase CEO Jamie Dimon has downplayed the significance of Federal Reserve rate cuts, emphasizing that broader economic forces are at play. He cautioned against focusing too much on the type of economic landing. “Honestly, most of us have been through all that stuff, it doesn’t matter as much,” said the JPMorgan executive. Jamie Dimon: […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Fed rate cut may be politically motivated, will increase inflation — Arthur Hayes

The former BitMEX boss said the Fed has acted in the interests of presidential candidate Kamala Harris. 

BitMEX co-founder Arthur Hayes believes the United States Federal Reserve’s recent rate cut was likely politically motivated and could impact markets and inflation. 

Speaking to Cointelegraph at Token2049 in Singapore on Sept. 18, Hayes shared his thoughts on the Fed’s recent action, speculating it could be part of an effort to bolster support for the Democratic Party: 

On Sept. 18, the Fed cut US interest rates by 50 basis points in a move widely anticipated by investors and analysts.  

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Cosmos co-founder proposes peer-to-peer clearing system in white paper

Robert Kiyosaki: Bitcoin Price ‘About to Explode’ as Fed Cuts Rates

Robert Kiyosaki: Bitcoin Price ‘About to Explode’ as Fed Cuts RatesRich Dad Poor Dad author Robert Kiyosaki believes that bitcoin’s price is “about to explode” as the Federal Reserve cuts interest rates. He predicted that as interest rates drop, investors should abandon “fake assets” and turn to real ones like bitcoin, gold, and silver. Kiyosaki also highlighted rising inflation, warning of its impact on retirees […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Peter Schiff Warns Fed’s Rate Cut Spells Economic Disaster — ‘It’s Game Over for the Fed’

Peter Schiff Warns Fed’s Rate Cut Spells Economic Disaster — ‘It’s Game Over for the Fed’Economist and gold advocate Peter Schiff has sounded the alarm on the Federal Reserve’s latest actions, linking a significant rate cut to rising gold prices and a weakening U.S. dollar. His warning about a deepening recession and rising inflation adds weight to concerns about future economic stability. “It’s game over for the Fed,” Schiff stressed. […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Bitcoin price attempts to turn the tide after Fed’s 0.5% rate cut

Bitcoin price rallies to $61,000 after the US Federal Reserve cuts rates by 50 basis points for the first time since 2020.

Bitcoin rallied above $61,000 following the United States Federal Reserve’s decision to cut interest rates by 50 basis points. The Fed’s decision to cut rates for the first time since 2020 is a move long predicted by crypto traders, and most anticipate Bitcoin and the wider cryptocurrency market to benefit from the policy reversal.

Data from Cointelegraph Markets Pro and TradingView followed BTC’s price action as it reacted to the rate cut decision even as the market awaited accompanying commentary from Fed Chair Jerome Powell.

BTC/USD 15-minute chart. Source: TradingView

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Cosmos co-founder proposes peer-to-peer clearing system in white paper

CME Futures and Polymarket Predict Jumbo 50bps Rate Cut – Will the Fed Deliver?

CME Futures and Polymarket Predict Jumbo 50bps Rate Cut – Will the Fed Deliver?As the U.S. central bank members prepare for their meeting on Wednesday, just a day ago, the likelihood of a 25-basis point (bps) rate cut versus a 50bps cut was evenly split at 50-50. Fast forward to today, and the odds are now tipping in favor of a larger 50bps reduction. Predictions from betting market […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Rich Dad Poor Dad Author Says Bitcoin, Gold and Silver About To Explode, Sees Capital Fleeing to ‘Real Assets’

Rich Dad Poor Dad Author Says Bitcoin, Gold and Silver About To Explode, Sees Capital Fleeing to ‘Real Assets’

Rich Dad Poor Dad author Robert Kiyosaki says that Bitcoin (BTC), gold and silver are on the cusp of skyrocketing. In a new thread on the social media platform X, the best-selling author says that if the Federal Reserve cuts interest rates during the next Federal Open Market Committee (FOMC) meeting, the trio of assets […]

The post Rich Dad Poor Dad Author Says Bitcoin, Gold and Silver About To Explode, Sees Capital Fleeing to ‘Real Assets’ appeared first on The Daily Hodl.

Cosmos co-founder proposes peer-to-peer clearing system in white paper

Fedwatch Tool Shows 50-50 Chance for 25bps or 50bps Cut Before FOMC

Fedwatch Tool Shows 50-50 Chance for 25bps or 50bps Cut Before FOMCThe market is holding out hope for a bigger rate cut as the Federal Open Market Committee (FOMC) prepares to meet on Wednesday. Predictions from Polymarket and CME’s Fedwatch tool suggest there’s a growing expectation that a 50 basis points reduction could be in play. FOMC Meeting Could See Bigger Rate Cut as Expectations Shift […]

Cosmos co-founder proposes peer-to-peer clearing system in white paper