Bitcoin’s Rough September Price History Raises Questions for 2024
As August draws to a close with just four days left, bitcoin has slipped by 2.74% this month, leaving market watchers eager to see if September will bring better news.…
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As August draws to a close with just four days left, bitcoin has slipped by 2.74% this month, leaving market watchers eager to see if September will bring better news.…
Bitcoin’s correlation with the U.S. equities market has been rising for more than a month, as seen in the collective plunge and rally across different asset classes during the Japanese…
As the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) gears up for its meeting on Sept. 18, anticipation is building for a rate cut. Market participants are placing their…
Crypto markets have held on to gains over the weekend following an upsurge in the wake of the Federal Reserve meeting last Friday. Speaking at Jackson Hole, Fed Chair Jerome…
The current U.S. benchmark rate for massive overnight money market loans from the central bank is in the range of 5.25% and 5.5%. When Powell spoke in Jackson Hole, Wyoming,…
The prediction market Polymarket and CME’s Fedwatch tool suggest that a rate cut during the Federal Open Market Committee (FOMC) meeting in September is highly likely. However, BCA Research’s chief…
Economist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest…
Thomas Joseph Webster, Professor Emeritus of Economics at Pace University, challenges the long-held belief in the Federal Reserve’s political independence in his comprehensive report, “The Myth of Fed Political Independence.”…
The business week ends with high levels of volatility as bitcoin’s price soared to almost $64,000 for the first time since the start of the month. This rally, which was…
Federal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic…