Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate Cuts

August 23, 2024 Bitcoin.com

bitcoin.com

Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target while maintaining a strong labor market. Rate Cuts Possible as Powell Expresses Confidence […]

Wall Street Pepe Presale Goes Viral, Raises M – Next 100x Gem?

Wall Street Pepe Presale Goes Viral, Raises $31M – Next 100x Gem?

Peter Schiff Urges the Fed to Raise Rates and Let Markets Crash

August 17, 2024 Bitcoin.com

bitcoin.com

Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause stocks and real estate to crash, result in a hard landing, and trigger a recession, emphasizing the potential severity of […]

Wall Street Pepe Presale Goes Viral, Raises $31M – Next 100x Gem?

Crypto Markets Need Looser Fed Policy Before Moving Higher, According to Analyst Benjamin Cowen

August 12, 2024 The Daily Hodl

Benjamin Cowen

A widely followed crypto analyst says that digital assets need looser monetary policy before moving another leg up. In a new video update, crypto strategist Benjamin Cowen tells his 806,000 YouTube subscribers the Federal Reserve needs to reverse course on its tight monetary policy before the crypto markets can take off. According to Cowen, Bitcoin […]

The post Crypto Markets Need Looser Fed Policy Before Moving Higher, According to Analyst Benjamin Cowen appeared first on The Daily Hodl.

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Goldman Sachs CEO: Fed Unlikely to Cut Rates Before September

August 8, 2024 Bitcoin.com

bitcoin.com

Goldman Sachs CEO David Solomon expects the Federal Reserve to delay any emergency rate cuts until at least September despite weak job data, believing the U.S. economy will avoid a recession. Speaking on “The David Rubenstein Show,” Solomon indicated that while investors had anticipated potential rate cuts before the September meeting due to global market […]

Wall Street Pepe Presale Goes Viral, Raises $31M – Next 100x Gem?

Binance CEO: Recent Market Declines Are Not a Long-Term Negative Trend

August 8, 2024 Bitcoin.com

Binance

Binance CEO Richard Teng has addressed the recent declines in cryptocurrency and equity prices, attributing them to macroeconomic factors and advising against viewing them as long-term negative trends. He highlighted potential Federal Reserve rate cuts and geopolitical volatility as key influences, urging individuals to stay informed and proactive. Richard Teng Discusses Market Declines, Advises Caution […]

Wall Street Pepe Presale Goes Viral, Raises $31M – Next 100x Gem?

Ethereum’s quick rebound positions ETH price for 100% rally

August 6, 2024 Coin Telegraph

Coin Telegraph

The Ether price is mirroring a fractal pattern from October 2023 that preceded a 178% price rally.

Ethereum’s native token, Ether, is undergoing a sharp bounce after dropping to its eight-month low on Aug. 5. Interestingly, this rebound shows similarities with the one in October 2023 that preceded a 168% price boom.

As of Aug. 6, the Ether (ETH) pair showed signs of bullish reversal after rebounding from a support confluence comprising the lower trendline of its prevailing ascending channel pattern and the 200-week exponential moving average (200-week EMA; the blue wave).

Simultaneously, the bounce accompanies a rise in Ether’s weekly relative strength index (RSI) reading from 39.40, just over nine points above the oversold threshold.

Wall Street Pepe Presale Goes Viral, Raises $31M – Next 100x Gem?

Fedwatch Tool and Polymarket Point to Highly Probable Rate Cuts by the Fed

August 6, 2024 Bitcoin.com

bitcoin.com

Following the recent volatility in global equity markets, some analysts suggest that the U.S. Federal Reserve might implement an emergency rate cut before September. In addition, market predictions are leaning toward a rate cut at the September Federal Open Market Committee (FOMC) meeting. The key question is the extent of this cut. According to CME’s […]

Wall Street Pepe Presale Goes Viral, Raises $31M – Next 100x Gem?

Bitcoin and Crypto to Gain as Falling Rates Expand Global Liquidity, Says 21shares VP

August 3, 2024 Bitcoin.com

21shares

The head of strategy at crypto investment firm 21shares has explained that the broad-based bitcoin selloff following the Federal Reserve’s decision to keep interest rates unchanged was partly due to increasing geopolitical tensions in the Middle East and fears of conflict escalation, leading to a temporary flight to safety. He also noted that anticipated interest […]

Wall Street Pepe Presale Goes Viral, Raises $31M – Next 100x Gem?

No Rate Cuts Yet: Fed Maintains Rates at Historic Highs

July 31, 2024 Bitcoin.com

Bitcoin

The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25-5.5%, according to the latest report from the Federal Open Market Committee (FOMC). The committee noted that while inflation has eased over the past year, it remains somewhat elevated, with the overarching goal being to bring inflation down to the […]

Wall Street Pepe Presale Goes Viral, Raises $31M – Next 100x Gem?

Germany already lost out on $124M profit selling its Bitcoin

July 21, 2024 Coin Telegraph

Germany already lost out on 4M profit selling its Bitcoin

Bitcoin Price

The State of Saxony, gripped by fears of a sudden Bitcoin price crash, hastily ordered the sale of its 50,000 BTC stash.

The German government recently missed out on an extra $124 million in Bitcoin (BTC) gains by cashing in its holdings a bit too soon.

On July 13, Germany’s Saxony state completed the sale of the 50,000 BTC stash it seized from movie piracy website, movie2k, generating around $2.87 billion. In doing so, they secured a profit of over $740 million when compared to their acquisition cost of $2.13 billion in January.

However, right after their sale, Bitcoin prices skyrocketed by up to 16.55%, driven higher by the assassination attempt on former United States president Donald Trump, which has since boosted his odds of a reelection in November.

rate cuts

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