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Goldman Sachs Raises US Recession Risk to 25%

Goldman Sachs Raises US Recession Risk to 25%Global investment bank Goldman Sachs has increased the likelihood of a U.S. recession within the next year to 25% from the previous 15%, although they maintain that the risk remains limited. Despite the recent rise in unemployment to its highest in nearly three years and a significant slowdown in hiring, Goldman economists, led by Jan […]

CEO of Bitcoin.com Puts Ethereum on Blast for ‘Woke’ Ideology

Bitcoin ‘no longer cheap’ — Fidelity revises medium-term outlook for BTC

Fidelity Digital Assets maintained its positive short-term outlook for Bitcoin following the first quarter but revised its medium-term outlook based on several metrics.

Fidelity Digital Assets has revised its medium-term outlook for Bitcoin (BTC) from “positive” to “neutral” following the first quarter, citing several metrics that suggest Bitcoin is no longer considered “cheap” amid a potential build up of sell pressure. 

In its latest Signals report released on April 22, Fidelity Digital Assets cited the Bitcoin Yardstick, or Hashrate Yardstick, which works in the same way as the Price-to-earnings ratio is used in stocks, except in this case, it is used to determine if Bitcoin is undervalued. 

Fidelity noted that the Yardstick remained between a negative one and zero deviations from the mean of 51% in the first quarter, meaning there were “zero days on Q1 where Bitcoin was considered 'cheap.'”

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CEO of Bitcoin.com Puts Ethereum on Blast for ‘Woke’ Ideology

Study: 55% of Americans Believe They Will Lose It All if a Recession Hits the United States

Study: 55% of Americans Believe They Will Lose It All if a Recession Hits the United StatesAccording to a recent study by Clever, a real estate data company, nearly three out of four Americans worry there will be a recession this year, and 69% of the research participants say the U.S. is already in a recession. What’s worse, 55% of the study’s respondents said they would lose everything if a recession […]

CEO of Bitcoin.com Puts Ethereum on Blast for ‘Woke’ Ideology

Bloomberg Unveils Crypto Outlook – Highlights Explosive Polygon (MATIC) Adoption, Forecasts Ethereum Will Outperform Bitcoin

Bloomberg Unveils Crypto Outlook – Highlights Explosive Polygon (MATIC) Adoption, Forecasts Ethereum Will Outperform Bitcoin

Bloomberg Intelligence has released its official crypto outlook for the month of February, citing massive mainstream adoption of Polygon (MATIC) and forecasting the future of Ethereum’s performance relative to Bitcoin. The new report covers the rise of Polygon, which is a layer-2 network designed to power crypto projects and scale Ethereum transactions. “Of the entire […]

The post Bloomberg Unveils Crypto Outlook – Highlights Explosive Polygon (MATIC) Adoption, Forecasts Ethereum Will Outperform Bitcoin appeared first on The Daily Hodl.

CEO of Bitcoin.com Puts Ethereum on Blast for ‘Woke’ Ideology

World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’

World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in 2023 and 2.7% in 2024. […]

CEO of Bitcoin.com Puts Ethereum on Blast for ‘Woke’ Ideology

Bitcoin Price Outlook for October — Strong Dollar and Fed Rate Hike Gives Bears the Advantage

Bitcoin Price Outlook for October — Strong Dollar and Fed Rate Hike Gives Bears the AdvantageTen days into October, and ahead of this Wednesday’s U.S. inflation report, bitcoin prices fell to a one-week low. Prices of the world’s leading crypto asset were mostly in the red during September, trading below $20,000 for the majority of the month. As of writing, bitcoin continues to hover at these lows, with many traders […]

CEO of Bitcoin.com Puts Ethereum on Blast for ‘Woke’ Ideology

Bitcoin Price Outlook for July — Traders Remain Concerned About Upcoming Fed Rate Hike and Bankrupt Crypto Firms

Bitcoin Price Outlook for July — Traders Remain Concerned About Upcoming Fed Rate Hike and Bankrupt Crypto FirmsDuring the first week of July, bitcoin prices have risen to their highest level since mid-June, coming as U.S. Non-Farm Payrolls handsomely beat expectations. However, as we head into the remaining weeks of the month, questions still linger on if this momentum can be maintained, despite the current uncertainty in the market. Bitcoin’s Current Market […]

CEO of Bitcoin.com Puts Ethereum on Blast for ‘Woke’ Ideology

Bitcoin Price Outlook for June — Market Conditions Show Uncertainty

Bitcoin Price Outlook for June — Market Conditions Show UncertaintyTen days into June, bitcoin continues to trade lower, with prices hovering close to a twelve-month low. Despite this, there continues to be optimism around potential rallies in price over the next few weeks. Overall, there is still a lot of uncertainty in the market, with the potential for either bullish or bearish runs in […]

CEO of Bitcoin.com Puts Ethereum on Blast for ‘Woke’ Ideology

Solana Captures Fresh All-Time Highs, SOL Joins the Top Ten Crypto Assets by Market Cap

Solana Captures Fresh All-Time Highs, SOL Joins the Top Ten Crypto Assets by Market CapDuring the last few weeks, a crypto asset called solana has been making its way up the charts and has made it into the top ten cryptocurrencies by market capitalization. Solana reached an all-time price high on Monday, capturing $74 per unit and an 80% gain over the course of the week. In addition to […]

CEO of Bitcoin.com Puts Ethereum on Blast for ‘Woke’ Ideology

Bitcoin Slides Under $30K, Stablecoins Eclipse Trade Volumes, Crypto Interest Depletes

Bitcoin Slides Under K, Stablecoins Eclipse Trade Volumes, Crypto Interest DepletesThe price of bitcoin has slid under the $30K zone on Tuesday, dipping to $29,300 per unit during the early morning trading sessions (EDT). The global cryptocurrency market capitalization of all the crypto coins in existence is $1.19 trillion as it decreased by more than 6% in the last day. Bitcoin’s Market Cap Sees $19 […]

CEO of Bitcoin.com Puts Ethereum on Blast for ‘Woke’ Ideology