Bitcoin all-time high at $76.8K is just the beginning, according to data
Bitcoin price hit a new all-time high above $76,850, and multiple data points suggest that the rally has room to run higher. Go to Source
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Fed’s Rate Cut Could Spell Disaster, Microstrategy Buys More Bitcoin, and More — Week in Review
Peter Schiff has warned that the Federal Reserve’s rate cut will lead to economic disaster. Microstrategy, continuing its bitcoin acquisition strategy, plans to buy more bitcoin after raising $1.01 billion from a private offering. A bitcoin investor faces up to three years in prison for underreporting cryptocurrency gains. El Salvador’s President Nayib Bukele announced a … Read more
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. Go to Source
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. … Read more
PCE Report Triggers Gold Slide, Analyst Warns Fed Rate Cut Could Deepen Losses
On Friday, Aug. 30, 2024, gold experienced a decline in value, coinciding with the U.S. Commerce Department’s release of the personal consumption expenditures (PCE) price index data. The PCE climbed by 2% in July, aligning perfectly with market expectations. During the day, gold hit a low of $2,495, but it later bounced back, crossing the … Read more
Proof-of-Ink to boost Web3 adoption, Fed rate cut could spur DeFi summer: Finance Redefined
Gavin Wood introduced a major infrastructure development for Web3 citizenship, while Hashkey’s CEO forecasted a resurgence in the DeFi market driven by lower interest rates. Go to Source
Why Bitcoin is still poised to break $74K before end of year
Bitcoin’s correction appears to be losing steam, as indicated by price momentum divergence, the formation of a Doji candlestick and other bullish patterns. Go to Source
5 bullish arguments that Bitcoin price just bottomed at $53K
Bullish divergence on the price chart, September rate cut prospects, and increasing M2 supply are some catalysts that could resume the Bitcoin bull market cycle. Go to Source
Fed President Kashkari Finds Bank of America’s December Rate Cut Prediction Reasonable
Minneapolis Federal Reserve President Neel Kashkari addressed Bank of America’s prediction for a potential Fed interest rate cut this year in an interview with CBS News on Sunday. Bank of America predicts that the Fed will cut rates once this year, likely in December. “I think that’s a reasonable prediction,” Kashkari said, noting that it … Read more
