Interest Rate Cut – DIGIT INFO

Bitcoin sees first major weekly price decline since Trump’s election win

DIGIT — Mon, 23 Dec 2024 04:45:52 +0000

Bitcoin is now down around 11% after reaching its all-time high price of $108,135 on Dec. 17.

US election outcome won’t slow Q4 Bitcoin rally, says hedge fund

DIGIT — Mon, 30 Sep 2024 06:08:20 +0000

Neither US party has attempted to adequately address the country’s spiraling debt and deficit problem, which will play into Bitcoin’s hands post-election, says a hedge fund manager.

Go to Source

Fed Slashes Benchmark Interest Rate by 50bps in First Cut Since 2020

DIGIT — Wed, 18 Sep 2024 18:03:37 +0000

On Wednesday, the U.S. Federal Reserve lowered its benchmark interest rate for the first time since March 2020. The Sept. 18, 2024 rate cut amounted to 50 basis points (bps), a notably bigger adjustment than many analysts anticipated. According to the Federal Open Market Committee (FOMC) press release, the central bank remains focused on reaching […]

Go to Source

Bitcoin poised for volatility ahead of US interest rate decision: Analysts

DIGIT — Tue, 17 Sep 2024 09:41:39 +0000

The Fed is expected to deliver its first interest rate cut since the pandemic, which could introduce more volatility before the next Bitcoin leg up.

Go to Source

Total crypto market sinks below $2T as analysts eye Bitcoin reversal below $54K

DIGIT — Wed, 04 Sep 2024 10:57:56 +0000

Analysts are eying a potential correction below $54,000 to $50,000, despite growing expectations of an interest rate cut in the

Go to Source

The Fed Under Fire: Elizabeth Warren Pushes for Unprecedented Rate Cut

DIGIT — Tue, 27 Aug 2024 16:05:13 +0000

As the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) gears up for its meeting on Sept. 18, anticipation is building for a rate cut. Market participants are placing their bets, with expectations leaning toward either a 25 basis points (bps) reduction or a 50bps cut. However, Massachusetts Senator Elizabeth Warren is urging the Fed […]

Go to Source

Ethereum’s 40-month slump vs. Bitcoin won’t end in a dollar ‘freefall’ scenario

DIGIT — Mon, 26 Aug 2024 16:05:00 +0000

The positive correlation between the ETH/BTC pair and the US Dollar Index has strengthened ahead of the Federal Reserve’s September rate decision.

Go to Source

Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut

DIGIT — Sun, 18 Aug 2024 17:30:12 +0000

Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a 25-basis-point (bps) rate cut. Over on Polymarket, bettors are even more confident, showing an 82% chance of […]

Go to Source

Market Outlook: Trade Wars and Filthy Fiat Battles Fuel Crypto Prices

DIGIT — Mon, 05 Aug 2019 16:10:25 +0000

A slew of digital currencies have gathered decent gains over the last 48 hours and the entire market capitalization now stands at around $308 billion. Moreover, cryptocurrency trade volumes have kicked up a notch, capturing $66 billion in swaps over the last day. Overall, speculators think the recent spike in crypto prices is due to […]

The post Market Outlook: Trade Wars and Filthy Fiat Battles Fuel Crypto Prices appeared first on Bitcoin News.

Go to Source

Market Outlook: Crypto Bulls Rally After Bearish Downturn

DIGIT — Thu, 18 Jul 2019 17:55:22 +0000

Since July 13, digital currency prices have dropped in value significantly, but most coins have since experienced some recovery. While many crypto supporters are optimistic on where the markets are headed, traders and analysts have noticed a bullish-to-bearish trend. BTC and a slew of other currencies spiked more than 10% at 11 a.m. EST on […]

The post Market Outlook: Crypto Bulls Rally After Bearish Downturn appeared first on Bitcoin News.

Go to Source