Elon Musk: US ‘past peak inflation’ after Tesla sells 90% of Bitcoin
The firm may be caught short in the event that markets have already bottomed and crypto starts to deliver serious returns again. Go to Source Powered by WPeMatico
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What will cryptocurrency look like in 2027? Here are 5 predictions
One year isn’t enough time to witness many fundamental changes, but five years is just enough for everything to change. Go to Source Powered by WPeMatico
230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel Inflation
Last week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legislation was revealed, 230 economists sent a letter to the country’s House and Senate leaders warning that the proposed policies will actually fuel inflation. … Read more
Bitcoin fails to beat $23.4K sellers as US payrolls upend inflation debate
BTC price action stays in familiar territory as analysts discuss the true nature of estimate-beating payroll data. Go to Source Powered by WPeMatico
The Fed Is ‘Resolute’ on Hiking Interest Rates, Tightening Monetary Policy to Tame Inflation — Gold and Stocks Sink
Several reports detail that U.S. Federal Reserve officials are resolute on tightening monetary policy and increasing the federal funds rate until inflation in America is alleviated. Chicago Fed president Charles Evans explained on Tuesday that the central bank would likely keep up the larger than usual rate hikes until inflation is remedied. The Fed Is … Read more
Bitcoin bulls aim for $25K price on Friday’s $510M options expiry
BTC price has been gaining momentum as it nears $24,000, and this week’s options expiry could help bulls profit $200 million. Go to Source Powered by WPeMatico
Best monthly gains since October 2021 — 5 things to know in Bitcoin this week
July closed with Bitcoin up almost 17%, but now, analysts are turning to how long the bullish trend can last. Go to Source Powered by WPeMatico
US Personal Consumption Expenditures Tap Record Highs, Stanford Economist Says Fed Should Increase Rates Above 9%
On July 29, the U.S. Bureau of Economic Analysis reported on America’s personal consumption expenditures (PCE) price index for the month of June, and the figure saw the largest 12-month increase since 1982. On the same day, Stanford University’s senior fellow at the Hoover Institution and professor of economics, John Cochrane, said the Federal Reserve … Read more
Bitcoin struggles to flip $24K to support, but data shows pro traders stacking sats
BTC futures and stablecoin margin data show whales holding steady even as Bitcoin price failed to hold above $24,000. Go to Source Powered by WPeMatico
IMF Predicts Latam to Grow 3% This Year, Despite Facing Economic Deceleration and Rising Inflation
The International Monetary Fund is predicting that Latin America (Latam) will keep growing this year, reaching a growth rate of 3% even with all of the difficulties that the region is facing. The institution believes that the economic recovery that Latam is enjoying after the Covid-19 pandemic will be decelerated by several factors, including the … Read more