The US dollar has dropped to its lowest point in three years as investors pull away from American assets. This decline comes after Donald Trump criticized Jerome Powell, the head of the Federal Reserve, calling him ineffective and demanding interest rate cuts. As a result, the dollar has weakened against other currencies, including reaching a ...
Macroeconomist Lyn Alden predicts that Bitcoin’s price could rise above its current level of $85,000 by the end of 2025, despite recent challenges like U.S. tariff announcements. She suggests that a significant liquidity boost, possibly triggered by U.S. Federal Reserve intervention, could drive Bitcoin toward more positive price targets. Alden emphasizes that Bitcoin’s 24/7 trading ...
Donald Trump’s recent criticism of Federal Reserve Chairman Jerome Powell highlights the tension between political influence and the independence of central banks. Trump expressed frustration over Powell’s refusal to quickly lower interest rates, which he believes would boost consumer spending and stock prices. This outburst comes amid his ongoing trade war, which has already caused ...
In a recent statement, Donald Trump expressed his frustration with Federal Reserve Chairman Jerome Powell, indicating that he could swiftly remove him if necessary. Trump’s anger stems from Powell’s refusal to lower interest rates quickly, which he believes would help the economy and improve consumer confidence. This criticism comes amid a broader concern over economic ...
Recent US jobless claims dropped to 215,000, lower than the expected 225,000, indicating a stable labor Market despite tariff uncertainties. This data is crucial as it influences the economy and investor sentiment towards assets like Bitcoin. Federal Reserve Chair Jerome Powell highlighted the potential economic impact of tariffs, stating inflation may rise and growth could ...
As many cryptocurrencies decline, stablecoins are emerging as a promising investment for 2025. These digital currencies are pegged to the U.S. dollar, ensuring stability and making them a safe option for those wary of Market volatility. The stablecoin industry has grown significantly, indicating strong institutional interest. A key player, Circle Internet Group, is set to ...
Cryptocurrency, often viewed as digital money without traditional backing, has become increasingly important in today’s economy. Understanding cryptocurrency is now essential to grasp the unfolding political and financial landscape, especially regarding the second Trump presidency. Trump has recognized the potential for profit in the crypto industry and has appointed supporters to key positions, raising concerns ...
Robbie Mitchnick, BlackRock’s Global Head of Digital Assets, believes a potential U.S. recession could significantly boost Bitcoin’s growth. He suggests that factors like increased government spending and lower interest rates typical during recessions would enhance Bitcoin’s appeal as a long-term investment. While Bitcoin has struggled recently, trading at around $83,550 and not matching gold’s rally, ...
The United States is creating a Strategic Bitcoin Reserve, with President Donald Trump pushing for the country to become the “bitcoin and cryptocurrency capital of the world.” This reserve will be backed by 200,000 bitcoins, valued at around $17 billion, which have been seized in legal cases. Although the announcement aimed to position the U.S. ...
Cameron Winklevoss, co-founder of the Gemini crypto exchange, argues that countries need to start building Bitcoin reserves just like they do with critical resources like oil and gold. He warns that delaying this action could lead to higher costs and a loss of financial independence and global influence. Winklevoss believes that stockpiling Bitcoin should be ...
