Monday is a holiday in the US for Presidents’ Day, so traditional markets are closed. Crypto markets never close, but they are already showing signs of weakness as another week begins. There are several Federal Reserve speeches to look out for this week in addition to manufacturing and services purchasing manager’s indexes. “Inflation is officially […]
Federal Reserve Chair Jerome Powell has made it clear that the United States will not introduce a Central Bank Digital Currency (CBDC) during his tenure. This stance marks a notable shift from earlier considerations where the Federal Reserve had been exploring the potential of a digital dollar. No CBDC For The United States, Powell Confirms […]
Another volatile week is in store with two big inflation reports due alongside retail sales data. Last week’s mixed recent economic reports still reflect a robust economy and elevated inflation, supporting the case for the Federal Reserve to remain on hold with rate cuts for now. “Meanwhile, ongoing trade war headlines will carry over from […]
“I do think it would be helpful if there were a greater regulatory apparatus around crypto,” the US central bank chair said at the Federal Open Market Committee press conference on Jan. 29. He added that it is something Congress and the Fed have been “working on quite a lot.” “We’ve actually spent a lot of […]
Crypto markets are deep in the red this Monday morning in Asia, and key economic data from the US this week could rattle them further. Markets reacted positively following Donald Trump’s inauguration last week, with a new all-time high for Bitcoin on Jan. 20, but things appear to be unraveling at the moment. President Trump also […]
Crypto markets spent the past week in retreat, with more than $300 billion leaving the digital asset sector. The weekend traded flat, but there was a minor spike in activity and a subsequent price correction on Monday morning in Asia. Moreover, several key inflation reports are due in the US this week, which could impact […]
Crypto market capitalization has hit a peak above $3.6 trillion over the weekend as altcoins outperformed their big brother Bitcoin. This week’s economic data is primarily focused on employment and jobs, but there are also some manufacturing PMI reports in the mix. This will be the last week of labor market data before the Dec. […]
Crypto markets have been rallying for the past several days, however, things are starting to cool, with most digital assets correcting as this week begins. The robust economic backdrop, coupled with the expected policy changes under Donald Trump’s administration, supports an optimistic outlook for crypto and tech stocks, especially assets associated with artificial intelligence. Economic […]
Crypto markets held on to gains over the weekend, and Bitcoin has remained in command, dominating the sector while the rest continue to sleep. Last week’s CPI data were in line with expectations, while producer-prices inflation was above estimates. However, markets retreated after Fed Chair Jerome Powell commented that policymakers are now on a more […]
Crypto markets have moved higher over the weekend with big gains for altcoins as Bitcoin pushed past $81,000 into new price discovery zones. Last week, two major catalysts kicked off the action with a sweeping victory for Donald Trump in the US presidential elections and the Federal Reserve cutting interest rates by a further 25 […]