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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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Bitcoin Sees Increasing Correlation With Equities But Remains Relatively Weaker: Bitfinex

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…

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The Fed Under Fire: Elizabeth Warren Pushes for Unprecedented Rate Cut

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…

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4 Cryptocurrencies to Watch Following Jerome Powell Jackson Hole Update

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,…

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Polymarket Bets 10% on 2024 US Recession, Analyst Skeptical of Rate Cut’s Impact

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…

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Peter Schiff Warns of Looming US Dollar Crisis and Economic Collapse

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…

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Academic Paper Questions Federal Reserve Independence and Exposes Political Ties

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.”…

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Over $130M in Liquidations as Bitcoin Skyrockets to a 3-Week Peak After Powell’s Rate Cut Promise

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…

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Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate Cuts

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…

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