Ethereum pares gains, Bitcoin pushed under $40K as Fed set to reveal tapering plans
The two cryptocurrencies appear directionless after correcting in sync lower from their monthly highs. Go to Source Powered by WPeMatico
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The two cryptocurrencies appear directionless after correcting in sync lower from their monthly highs. Go to Source Powered by WPeMatico
Reports show a vast majority of the American populace has been worried about rising inflation and as the weeks roll by, the financial situation continues to look grim. US Senator: ‘There’s No Justification for the Fed to Maintain Its Purchases’ A few analysts believe the upcoming two-day meeting held by the U.S. central bank’s Federal … Read more
Eighty-one countries are now exploring central bank digital currencies (CBDCs), according to a new tracker. This number is 46 more countries than the number in May last year. In addition, five countries have fully launched their own digital currencies. 81 Central Banks Explore Launching Own Digital Currencies The Atlantic Council’s Geoeconomics Center unveiled a new … Read more
BTC price inched toward 2020’s support with traders expecting more gains if a breakout occurs. Go to Source Powered by WPeMatico
Bitcoin’s drop below $30,000 has sparked worries that it is heading to $20,000 next. But is such a massive drop feasible against the current macro fundamentals? Go to Source Powered by WPeMatico
While inflation has kicked up in the U.S., following the massive stimulus issued by the Federal Reserve, investor and financial writer Lyn Alden Schwartzer published a report that shows “U.S. households now have record high exposure to stocks.” The news comes at a time when many analysts and economists believe equities markets are in a … Read more
Yale Professor Gary B. Gorton and Jeffery Zhang of the Board of Governors of the Federal Reserve System have co-authored a 49-page paper called, “Taming Wildcat Stablecoins.” Go to Source Powered by WPeMatico
A strengthening dollar could be negative for pretty much every risk asset on board, including Bitcoin, whose value boomed against the dwindling greenback after March 2020. Go to Source Powered by WPeMatico
The latest price declines came after the US inflation rose to a 30-year high in June. Go to Source Powered by WPeMatico
American inflation expectations have surged according to the results of the latest New York Federal Reserve Survey of Consumer Expectations. The presumed inflation rate tapped the highest point since 2013 and alongside the forecast of lower purchasing power, consumer debt and fears of a housing bubble in the U.S. are on the rise. New York … Read more