Bitcoin price keeps falling under $60K — Here is why
Many analysts say a drop in spot Bitcoin ETF demand is the primary reason for BTC’s price weakness, but there’s more to it than that. Go to Source
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JPMorgan Strategist Predicts US Liquidity to Contract as Temporary Boosts Fade
JPMorgan strategist Nikolaos Panigirtzoglou has discussed recent changes in the U.S. M2 money supply, noting a temporary rebound following a decline in April. He expects U.S. liquidity to contract again, similar to 2022, influenced by the Fed’s ongoing quantitative tightening (QT) and slower bank loan growth. JPMorgan Strategist Foresees U.S. Liquidity Contraction Ahead Nikolaos Panigirtzoglou, … Read more
Past rate cuts indicate potential crypto bull market catalyst — 21Shares
The Federal Reserve is expected to begin lowering its benchmark interest rate in September. Go to Source
Bitcoin price taps $62K sell wall as analyst sees ‘up only’ for crypto
Bitcoin bulls charge into key BTC price resistance as the US Federal Reserve gives a clear signal over interest rate cuts. Go to Source
Bitcoin braces for Fed’s Powell as $61K BTC price eyes next breakout
BTC price frustration may find some relief as Bitcoin traders’ hopes increase of the Fed cementing interest rate cuts at the Jackson Hole summit. Go to Source
Bitcoin is holding $60K — Here’s why it’s important
Resilient US job and inflation data and steady spot Bitcoin ETF inflows aided Bitcoin’s rally above $60,000. Go to Source
Goldman Sachs lowers US recession risk to 20%, what it means for Bitcoin
Goldman Sach’s economists said the Federal Reserve could also cut rates next month, and analysts say this could be welcomed by Bitcoin traders. Go to Source
Bitcoin falls under $60K as investors’ global economic slowdown concerns rise
Fear of a global economic recession continues to drive investors away from risk-on assets like Bitcoin. Go to Source
Wharton Professor Calls for Emergency Rate Cut Following Market Downturn
Jeremy Siegel, a finance professor and chief economist, has called for an emergency 75 basis point cut in the fed funds rate following a market downturn. He emphasized the necessity of this cut and suggested another rate cut next month to align with the Federal Reserve’s targets on inflation and employment. Siegel warned that failing … Read more
Bitcoin and Crypto to Gain as Falling Rates Expand Global Liquidity, Says 21shares VP
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 … Read more
