Cryptocurrency Market

  • Market Cap: $3,764,434,569,481.90
  • 24h Vol: $361,974,003,898.97
  • BTC Dominance: 52.96%

Federal Reserve

new-bitcoin-investors-show-confidence-amid-market-recovery,-says-glassnode 

New Bitcoin Investors Show Confidence Amid Market Recovery, Says Glassnode 

In a report by Glassnode and researchers Cryptovizart and Ukuria OC, bitcoin has reclaimed a key short-term cost basis after the Federal Reserve’s recent interest rate cut. This recovery signals the potential for further price momentum, although broader market conditions remain cautious. Bitcoin Reclaims Short-Term Cost Basis According to Glassnode, bitcoin’s price has risen above […]

New Bitcoin Investors Show Confidence Amid Market Recovery, Says Glassnode  Read More »

cme-fedwatch-favors-half-point-cut-ahead-of-fomc-meeting

CME Fedwatch Favors Half-Point Cut Ahead of FOMC Meeting

In just 40 days, the U.S. Federal Open Market Committee (FOMC) will gather to decide whether the central bank will lower the benchmark interest rate. This pivotal moment occurs two days after the 2024 U.S. Election Day. As it stands, CME futures data suggests that a half-point reduction is currently viewed as more probable than

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bitcoin-tops-$66k-as-inflation-cools,-$9.67m-in-shorts-liquidated

Bitcoin Tops $66K as Inflation Cools, $9.67M in Shorts Liquidated

Bitcoin prices continued climbing this week, reaching an intraday peak of $66,456 per unit at 10:35 a.m. ET on Friday, marking a 2.4% boost against the U.S. dollar today and a solid 5% gain over the past seven days. Bitcoin Jumps to $66,456 Following U.S. PCE Report On Friday, Sept. 27, 2024, bitcoin crossed the

Bitcoin Tops $66K as Inflation Cools, $9.67M in Shorts Liquidated Read More »

mike-mcglone-—-hedge-funds-push-gold-toward-$3k-amid-global-market-uncertainty

Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty

In a recent interview, Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence, emphasized the significant role of hedge funds in gold’s ongoing price surge. McGlone shared his insights on the impact of macroeconomic factors, including China’s economic slowdown and the Federal Reserve’s monetary policies, on the commodities market. Gold Eyes $3,000 Mark Amid Hedge Fund

Mike McGlone — Hedge Funds Push Gold Toward $3K Amid Global Market Uncertainty Read More »

bitcoin-bounces-back-above-key-averages,-glassnode-sees-new-investor-resilience

Bitcoin Bounces Back Above Key Averages, Glassnode Sees New Investor Resilience

Bitcoin has recaptured its Short-Term Holder (STH) cost basis of $61,900 following the Federal Reserve’s recent 0.5% interest rate cut, according to Glassnode’s recent analysis. Despite the market’s ongoing consolidation, the report suggests new investors have demonstrated notable confidence in the long-term market outlook. Report Shows Despite Consolidation, New Bitcoin Investors Display Strong Market Confidence

Bitcoin Bounces Back Above Key Averages, Glassnode Sees New Investor Resilience Read More »

lawmakers-question-sec-over-disruptive-crypto-custody-rules

Lawmakers Question SEC Over Disruptive Crypto Custody Rules

Congressional leaders are pressing regulators over concerns that the U.S. Securities and Exchange Commission (SEC)’s new guidelines on digital asset custody could disrupt financial innovation and regulatory collaboration. Lawmakers question whether the SEC acted prematurely, potentially jeopardizing efforts to safeguard digital assets through coordinated agency work. They demand more transparency on the SEC’s actions and

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economist-jim-rickards:-fed’s-narrative-is-wrong,-recession-coming

Economist Jim Rickards: Fed’s Narrative Is Wrong, Recession Coming

Jim Rickards, a renowned economist and author of several best-selling books, has explained that the recent Federal Reserve 0.5% interest rate cut shows that the institution has fallen behind the curve and is “in a little bit” of a panic mode, with a recession coming according to several technical indicators. Jim Rickards Warns About Coming

Economist Jim Rickards: Fed’s Narrative Is Wrong, Recession Coming Read More »

ubs-favors-gold-as-‘most-preferred’-—-says-‘hedging-properties-remain-attractive’

UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’

UBS remains optimistic about gold’s potential, despite its current record highs. The Swiss investment bank highlights key factors, including the Federal Reserve’s rate cuts and global geopolitical tensions that are boosting demand for gold as a safe-haven asset. UBS also notes that central bank purchases and investor inflows into gold ETFs are sustaining the metal’s

UBS Favors Gold as ‘Most Preferred’ — Says ‘Hedging Properties Remain Attractive’ Read More »

fed’s-50bps-reduction-triggers-$321m-in-digital-asset-inflows,-coinshares-reports

Fed’s 50bps Reduction Triggers $321M in Digital Asset Inflows, Coinshares Reports

Digital asset investment products recorded inflows of $321 million in the second consecutive week of positive activity, according to a report by Coinshares. The surge in inflows is largely attributed to the Federal Open Market Committee’s (FOMC) decision to cut interest rates by 50 basis points (bps). Coinshares: U.S. Leads Digital Asset Inflows According to

Fed’s 50bps Reduction Triggers $321M in Digital Asset Inflows, Coinshares Reports Read More »

lynette-zang:-hyperinflation-looms-as-us-dollar’s-purchasing-power-dwindles

Lynette Zang: Hyperinflation Looms as US Dollar’s Purchasing Power Dwindles

Lynette Zang, CEO of Zang Enterprises, asserts that hyperinflation is already underway, predicting a further decline in the U.S. dollar’s value. According to Zang’s recent interview with Kitco, the current financial trends indicate that the dollar’s purchasing power will reach zero, leading to a significant economic crisis by 2025. Zang Warns of Hyperinflation as U.S.

Lynette Zang: Hyperinflation Looms as US Dollar’s Purchasing Power Dwindles Read More »