Recession

Bitcoin corrects as US inflation data emerges — Is the rally to $100K at stake?

November 15, 2024 Coin Telegraph

Bitcoin corrects as US inflation data emerges — Is the rally to 0K at stake?

Bitcoin’s correction reflects investors’ inflation concerns and highlights the potential impact of future US fiscal policies.

Bitcoin (BTC) traded down by 4.1% on Nov. 14 following US inflation data that marginally exceeded market expectations. This decline mirrored the S&P 500 index futures, which fell from 6,023 to 5,980 over four hours.

As a result, traders are now questioning the extent of this correlation and when Bitcoin’s inflation-hedging attributes might offer some protection in an environment of persistent inflation.

S&P 500 index futures (left) vs. Bitcoin/USD (right). Source: TradingView

Dogecoin to ? It’s possible according to a ‘Gaussian channel’ model

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model

US Treasury Yield Curve Bear Steepens as 2024 Election Looms, Economic Concerns Mount

November 2, 2024 Bitcoin.com

bitcoin.com

The U.S. Treasury yield curve is undergoing a notable bear steepening, a trend signaling rising economic jitters as the 2024 election nears, with the Federal Open Market Committee (FOMC) meeting close behind. Rising U.S. Treasury Yields Could Spell Trouble for 2025 Economy As the U.S. approaches the 2024 election, economic indicators are signaling turbulence ahead, […]

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model

$6,000,000,000,000 in Sidelined Cash Boosting Stock Market, Making Macro Data Less Important: Investor Tom Lee

October 16, 2024 The Daily Hodl

billion

Fundstrat’s Tom Lee says markets are getting a boost from $6 trillion that’s been sitting on the sidelines. In a new interview on CNBC’s Squawk Box, Lee says that the massive amounts of liquidity at the ready may now be more relevant for determining whether markets remain in an uptrend than macroeconomic data. “We’ve kind […]

The post $6,000,000,000,000 in Sidelined Cash Boosting Stock Market, Making Macro Data Less Important: Investor Tom Lee appeared first on The Daily Hodl.

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model

Bitcoin price recovery driven by growing US financial concerns

October 4, 2024 Coin Telegraph

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Bitcoin price recaptures the $62,000 level as investor grow increasingly concerned about the fiscal health of the US

Bitcoin (BTC) has risen 2.4% since retesting the $59,900 support level on Oct. 3, despite facing initial resistance at $62,000. The gains on Oct. 4 were primarily driven by macroeconomic factors, such as US employment data, expectations of economic stimulus in Japan, and growing concerns about the US financial system.

In the US, the economy is booming, but fiscal conditions deteriorated. Interestingly, the US dollar surged to a 50-day high against other major currencies, including the euro, the British pound, and the Japanese yen.

Historically, the relationship between the US dollar Index (DXY) and Bitcoin has been inversely correlated. However, this latest movement seems to defy that pattern.

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model

3 signs that Bitcoin price is not ready to make a new all-time high

September 29, 2024 Coin Telegraph

ATH

China-focused stablecoin data, retail investor participation and skeptical BTC derivatives markets are all signs that Bitcoin price is not primed for a new all-time high.

Bitcoin (BTC) closed at its highest level in two months on Sept. 28 and is currently approaching the $66,000 mark. This movement followed gains in the S&P 500 index, which reached an all-time high on Sept. 26, fueled by robust economic indicators and measures aimed at boosting markets and investor confidence in China. However, several metrics indicate that Bitcoin is far from entering a bull market.

Bitcoin/USD (right) vs. S&P 500 futures (left). Source: TradingView

Investors could be skeptical due to previous rejections at $70,000 or fearing that a potential recession is underway, which would negatively impact risk-on markets, including cryptocurrencies.

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model

3 reasons why Bitcoin (BTC) struggles to hold $64.5K

September 26, 2024 Coin Telegraph

3 reasons why Bitcoin (BTC) struggles to hold .5K

Bitcoin Price

Bitcoin lost momentum as weak macroeconomic data, fear of a stock market correction, and worries over the upcoming US elections impacted investor sentiment.

Bitcoin (BTC) price surged by 8.2% over the seven days leading up to Sept. 25, rising from $59,886 to $64,816. However, the $64,500 resistance level proved more challenging than expected. This same level was last tested a month prior, on Aug. 25. Weak macroeconomic data contributed to a decreased risk appetite among investors, but other factors also played a role in sparking a Bitcoin price correction on Sept. 25.

According to Yahoo Finance, the median new home sales price in the United States fell 4.6% year-over-year in August, following the fastest price increases since early 2022. Home prices have now declined for seven consecutive months, marking the longest stretch of declines since 2009. Notably, housing inventory remains near record highs, with 467,000 completed homes currently available for sale.

US new home sales, thousands. Source: Continuum Economics

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model

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 […]

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model

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

September 20, 2024 Bitcoin.com

bitcoin.com

JPMorgan 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: […]

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model

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

September 19, 2024 Bitcoin.com

bitcoin.com

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. […]

Dogecoin to $5? It’s possible according to a ‘Gaussian channel’ model

Billionaire Peter Thiel Warns US Close to Recession, Says Economy Would Be Shaky if Not for Crazy Budget Deficit

September 16, 2024 The Daily Hodl

Daily Hodl

Tech billionaire Peter Thiel says the US economy would already be in a recession if not for massive government intervention. Speaking with fellow billionaire Chamath Palihapitiya at the All-In Summit 2024, Thiel says that an economic downturn is in sight for the US but it is being kept at bay by the government stimulating economic […]

The post Billionaire Peter Thiel Warns US Close to Recession, Says Economy Would Be Shaky if Not for Crazy Budget Deficit appeared first on The Daily Hodl.

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