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
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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
Bitcoin bulls aim for $72K after BTC futures premium hits a 5-week high
The Bitcoin bull market is in full swing, as proved by the BTC futures premium reaching a five-week high. Go to Source
Key Bitcoin price metric drops to a 2-week low — Is the BTC bull market over?
Bitcoin price has dropped to a worrying low, leading some traders to throw in the towel and claim the bull run is over. Go to Source
IMF Advises US to Keep Interest Rates Steady Through Late 2024
The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and recommends maintaining current interest rates until late 2024. “Given those risks, we agreed that the Fed should keep policy rates at the current level until … Read more
Federal Reserve Stress Test Projects $685 Billion in Losses for Large Banks
The Federal Reserve Board’s annual stress test results reveal that large banks are expected to face nearly $685 billion in projected losses during a severe recession scenario. These losses are significantly higher than last year due to increased risks in bank balance sheets and higher expenses. The aggregate common equity tier 1 (CET1) capital ratio … Read more
North Carolina’s CBDC ban bill heads to governor’s desk
North Carolina Governor Roy Cooper will now either sign or veto the law that bars the state’s government from accepting a Federal Reserve CBDC, potentially joining Louisiana. Go to Source
Bitcoin price rebound may hit in 10 days as Fed liquidity ‘rips higher’
Bitcoin price behavior — including its run to all-time highs in March — is displaying an uncanny correlation to Fed liquidity. Go to Source
