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In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures data suggests that a half-point reduction is currently viewed as more probable than … Read more
Bitcoin reached an intraday peak of $63,227 on Thursday, following the U.S. Federal Reserve’s decision to lower the benchmark interest rate by 50 basis points the previous day. The entire cryptocurrency market has gained over 5%, and in the past 24 hours, global trading volume jumped by 26.92%. Crypto Market Surges 5%, Stocks Rise, Gold … Read more
The Fed is expected to deliver its first interest rate cut since the pandemic, which could introduce more volatility before the next Bitcoin leg up. Go to Source
The Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low, despite ongoing Western sanctions related to the Ukraine conflict. Industrial production, driven by military manufacturing, saw a 3.3% increase in July, and the GDP growth rate for the first half of the year reached 4.6%, compared to 1.8% in … Read more
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
This marks the bank’s first interest rate cut in over four years, with the last rate cut occurring in March 2020. Go to Source
The average APR offered by blockchain credit protocols is 9.65% compared to an average personal loan interest rate of 11.5%, data shows. Go to Source
An increase in the Fed rate is considered bearish for the crypto market as it constrains the flow of funds into the market, while a rate cut is seen as bullish as it boosts risk appetite among investors. Go to Source
A surge in CME BTC volumes and open interest highlight institutional investors’ growing interest in Bitcoin. Will it be enough to keep the price in the current range? Go to Source
The Michael Saylor-led software firm has made $132 million in unrealized profits from its Bitcoin bet. Go to Source
