Bitcoin ‘nuke’ warning as Fed rate hike decision looms — dollar index hits 20-year high
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
interest rates
Auto Added by WPeMatico
Bitcoin is trapped in a downtrend, but a ‘trifecta of positives’ scream ‘deep value’
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
XRP price risks 30% decline despite Ripple’s legal win prospects
The Federal Reserve’s rate hike spree will likely spoil XRP’s most bullish fundamentals in years. Go to Source Powered by WPeMatico
Goldman Sachs’ bearish macro outlook puts Bitcoin at risk of crashing to $12K
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
Bitcoin is a ‘wild card’ set to outperform, says Bloomberg analyst
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
VCs pour $14.2B into crypto in H1 2022, but investments now slowing
KPMG noted that despite the expected downfall, investment figures remained well-positioned in comparison to pre-2021 figures, which highlights the growing maturity of the market. Go to Source Powered by WPeMatico
Bitcoin ‘bear flag’ breakdown targets $15K as US dollar hits 20-year high
BTC is losing its safe haven status to the dollar, with mutual funds increasing their cash holdings by $208 billion in the first half of 2022. Go to Source Powered by WPeMatico
Why September is shaping up to be a potentially ugly month for Bitcoin price
Bitcoin has closed its previous five months of September in losses and could suffer similar pains if history repeats. 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
‘Bullish rate hike’ — Why crypto spiked today in the face of bad news
The Fed’s attempts to reel inflation in by increasing interest rates are usually associated with a pullback of investment activity across markets. Go to Source Powered by WPeMatico