Bitcoin is currently trading at $97,200, recovering from a dip to $90,000 earlier this week. Traders are advised to be cautious as upcoming US Consumer Price Index data could introduce volatility to the Market. A report suggests that if Donald Trump implements expansionary economic policies and extends tax cuts, it could benefit riskier assets like ...
Crypto markets faced a setback this week as Bitcoin dropped below the $100,000 mark, following unexpectedly strong U.S. economic data that dampened enthusiasm for digital assets. The Bureau of Labor Statistics reported a rise in job openings, while the ISM Services Purchasing Managers Index exceeded expectations, indicating robust economic activity. These reports also unsettled the ...
Oil prices are on the rise, reaching their highest levels in over two months, driven by expectations that global governments will increase support to boost economic growth and fuel demand. As of 0420 GMT, Brent crude futures climbed to $76.15 a barrel, while U.S. West Texas Intermediate crude hit $73.38 a barrel. Investors are optimistic ...
Inflation exceeding 10% has led the Federal Reserve to raise interest rates significantly, increasing debt payments and sparking concerns about a possible financial crisis. Elon Musk’s initiative, the Doge Department of Government Efficiency, aims to cut $2 trillion from U.S. spending, linking back to his support for Dogecoin. Meanwhile, Donald Trump has proposed creating a ...
Inflation in Russia has surged to its highest level in almost a year, primarily due to military spending and increased food prices. The Central Bank has raised interest rates dramatically from 7.5% in July 2023 to 21%, aiming to tackle this inflation crisis. As of December 2023, annual inflation is at 9.7%, with food costs ...
Inflation in Russia has surged to its highest level in almost a year, influenced by increased war spending and rising food prices. Recent reports show that the Central Bank has raised interest rates dramatically from 7.5% to 21% to fight this inflation. Over the past year, consumer prices have risen by 9.7%, with food costs ...
This weekend, cryptocurrencies dropped as investors reacted to a more cautious Federal Reserve, which indicated it might cut interest rates less than previously expected in 2025. Bitcoin fell about 4% to around $93,260, after reaching over $102,000 last Thursday. Other cryptocurrencies like Dogecoin and XRP also saw declines. The Market was surprised by the Fed’s ...
Cryptocurrencies experienced a decline this weekend as investors reacted to the Federal Reserve’s more hawkish stance, anticipating fewer interest rate cuts than expected for 2025. Bitcoin, the largest cryptocurrency, fell about 4%, trading around $93,260 after previously peaking over $102,000. Other cryptocurrencies, including Dogecoin and XRP, also saw significant drops. Despite some positive news regarding ...
Yesterday, the Federal Reserve cut interest rates by 25 basis points, leading to a Market downward trend, particularly impacting Bitcoin, which fell 8% but managed to stay above $98,000. Notably, a major Bitcoin whale moved over 72,000 BTC, prompting speculation about a possible Market peak. Analysts are now questioning whether this is just a temporary ...
Yesterday, the Federal Reserve cut interest rates by 25 basis points and suggested fewer cuts next year, leading to a Market drop. Bitcoin fell 8% from its peak, testing liquidity at $98,000 before recovering slightly. Coinciding with this, data showed that a major Bitcoin whale transferred over 72,000 BTC, sparking speculation about a Market top. ...
