Goldman Sachs cuts year-end gold target by $500, doubting rate cuts
Goldman Sachs revised its year-end forecast for gold to $4,900, indicating a rise from current levels, but less than previously expected. Go to Source
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Bitcoin’s deeply discounted versus AI-stocks, but hawkish Fed risk lingers: Bitwise
Bitwise analysts say Bitcoin trades in a historical value zone, but hawkish Federal Reserve signals and a competition for liquidity could sideline buyers. Go to Source
Bitcoin sell-off toward $60K may resume as Japan hikes interest rates
Japan’s highest rates since 1995 are putting global liquidity back in focus as traders anticipate 26%–38% BTC price declines. Go to Source
US interest rate cut in December rises to 74.5% probability: Fedwatch
CME FedWatch shows the market is expecting the Federal Reserve to cut rates by 25 basis points this month, which would be the third cut this year. Go to Source
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 … Read more
Bitcoin Taps $63K After Fed Rate Cut Sparks Market Rally
Bitcoin reached an intraday peak of $63,227 on Thursday, following the U.S. Federal Reserve’s decision to lower the benchmark interest rate by 50 basis points the previous day. The entire cryptocurrency market has gained over 5%, and in the past 24 hours, global trading volume jumped by 26.92%. Crypto Market Surges 5%, Stocks Rise, Gold … Read more
Bitcoin poised for volatility ahead of US interest rate decision: Analysts
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
Russian Economy Sees Growth Despite Western Sanctions and Declining Imports
The Russian economy has experienced substantial growth across various sectors, with unemployment rates remaining historically low, despite ongoing Western sanctions related to the Ukraine conflict. Industrial production, driven by military manufacturing, saw a 3.3% increase in July, and the GDP growth rate for the first half of the year reached 4.6%, compared to 1.8% in … Read more
Goldman Sachs lowers US recession risk to 20%, what it means for Bitcoin
Goldman Sach’s economists said the Federal Reserve could also cut rates next month, and analysts say this could be welcomed by Bitcoin traders. Go to Source
Can Bitcoin price break out after Bank of England interest rate cut?
This marks the bank’s first interest rate cut in over four years, with the last rate cut occurring in March 2020. Go to Source