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A finance professor at the Wharton School of the University of Pennsylvania has warned about inflation and the Fed hiking rates many more times than the market expects. He also said that bitcoin has become the new gold for the millennials. Finance Professor on Bitcoin and Inflation Wharton’s finance professor Jeremy Siegel shared his outlook … Read more
But concerns remain that the cryptocurrency would fall harder than its traditional rivals in 2022 on the U.S. Federal Reserve’s increasingly hawkish tones. Go to Source Powered by WPeMatico
Bitcoin regained its bullish bias after reclaiming $50,000 ahead of the yearly close, even its safe-haven rival, the U.S dollar, signaled continued upside strength in the coming sessions. Go to Source Powered by WPeMatico
As the Federal Reserve keeps inflating asset bubbles this holiday season, gifting your loved ones some BTC doesn’t sound like a bad idea. Go to Source Powered by WPeMatico
Global markets have defied predictions as the U.S. Federal Reserve and several central banks worldwide are prepping to slow down monetary easing policy. On Wednesday, the U.S. central bank’s Federal Open Market Committee (FOMC) said it plans to taper quantitative easing (large monthly asset purchases) and end the program by March 2022. Moreover, the FOMC … Read more
The number of Bitcoin addresses holding less than 1 BTC has been rising in the face of a 30% price correction from $69,000. Go to Source Powered by WPeMatico
Traders look for a market-wide recovery now that the Fed confirmed at least 3 rate hikes and a wind down of its bond purchasing policy in 2022. Go to Source Powered by WPeMatico
“Stablecoins can certainly be a useful, efficient consumer-serving part of the financial system if they’re properly regulated,” said Jerome Powell. Go to Source Powered by WPeMatico
Bitmex co-founder and cryptocurrency investor Arthur Hayes has addressed the current state of the market with the effect the U.S. Federal Reserve’s upcoming tapering process may have. Hayes also links this with the Evergrande situation in China and advises cryptocurrency newcomers to hold on until new signals emerge next year. Arthur Hayes Analyzes the Current … Read more
The only glitch in the bullish setup, for now, remains the Federal Reserve’s taper acceleration plans. Go to Source Powered by WPeMatico
