Bank of England raises interest rates to 3%, largest jump in 33 years
The Bank of England is trying to bring soaring inflation under control by dramatically increasing the cost of borrowing money. Go to Source Powered by WPeMatico
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The Bank of England is trying to bring soaring inflation under control by dramatically increasing the cost of borrowing money. Go to Source Powered by WPeMatico
The fundamentals accompanying the previous Bitcoin bear markets are entirely different from 2022, however, putting the BTC price recovery at risk. Go to Source Powered by WPeMatico
Key Bitcoin indicators tracking its market versus fair value, as well as long-term holders’ confidence, hint at a market bottom formation. Go to Source Powered by WPeMatico
A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt surpassed $31 trillion on October 4, as the country’s growing debt continues to rise … Read more
The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserve’s interest rate hikes and the slew of other central banks raising rates, could pose harm to the global economy. UNCTAD calculated that for every Fed basis point rise, the economic output of wealthy countries declines by 0.5%, and for … Read more
Polls suggest that the Fed is likely to raise rates by 75 basis points as Bitcoin price clings to $19,000. Go to Source Powered by WPeMatico
In a recent Twitter Spaces, Capriole Fund founder Charles Edwards told Cointelegraph that BTC could go lower, but currently reflects “incredible deep value” based on multiple price metrics. Go to Source Powered by WPeMatico
The Federal Reserve’s rate hike spree will likely spoil XRP’s most bullish fundamentals in years. Go to Source Powered by WPeMatico
Bitcoin derivatives data also shows sentiment shifting in favor of a massive crash below $20,000, the current psychological support. Go to Source Powered by WPeMatico
The commodity strategist has pegged Bitcoin to rebound strongly from the bear market despite headwinds for high-risk assets. Go to Source Powered by WPeMatico