Last week was a brutal one for crypto markets, with losses extending into the weekend. A raft of employment data out of the US didn’t prevent stock markets from falling either, as ‘Slumptember’ lives up to its name. This week will be heavy on inflation data with additional reports on jobless claims. “This is the final […]
Meanwhile, crypto assets continue to decline in what has been a divergence from tech stock markets, which continue to see growth. Last week’s economic reports painted a rosy picture of a robust economy, resilient consumer spending, and gradually cooling inflation. This is the fuel for the Federal Reserve to ease its monetary policy, with investors […]
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, on Friday, markets expected more signals of a regime of interest rate cutting ahead. Instead, he went a step further and explicitly endorsed rate cuts. In […]
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 Powell affirmed expectations of an impending monetary policy pivot stating “the time has come for policy to adjust,” before adding that the “timing and pace […]
Stock markets have shown signs of recovery, but the same cannot be said for crypto markets, which are facing heavy resistance. Volatility could tick up again as all eyes will be on the Federal Open Market Committee (FOMC) meeting and minutes this week in addition to economic data reports. Economic Events Aug. 19 to 23 […]
Bitcoin prices dipped to an intraday low of $65,563 on July 30, marking a 6% slump since the beginning of the week. The asset recovered to reclaim $66,000 but failed to hold at that level, dropping back below it during the Wednesday morning Asian trading session. Nevertheless, BTC markets remain in a five-month rangebound channel, […]
This week, the U.S. national debt surpassed $35 trillion for the first time ever. Moreover, America has added around $12 trillion in federal debt since 2020. To put it into perspective, the U.S. has added an average of $280 billion of federal debt every month since January 2020. The country now has around $105,000 in […]
Crypto markets have remained relatively stable over the weekend, with total capitalization holding just above $2.5 trillion. Moreover, Friday’s inflation numbers helped markets regain a little ground at the end of last week, with Core PCE coming in line with expectations after a small increase. Digital assets, especially Bitcoin, were also buoyed by Donald Trump’s […]
Crypto markets have made gains over the weekend, with total capitalization hitting a six-week high. All eyes are on PCE inflation data this week as it is the Federal Reserve’s preferred inflation measure and could influence a rate cut decision set for September. Additionally, a big shake-up in the U.S. presidential election race as Joe […]
The first half of 2024 was more than successful for Bitcoin (BTC), whose price reached an all-time high of over $73,500 in mid-March. It currently trades for an increase of around 115% on a yearly scale. In the following lines, we will touch upon some essential factors and upcoming events that could push BTC to […]