macroeconomics – DIGIT INFO

US jobs data points to likely rate cut in December — Grayscale

DIGIT — Fri, 06 Dec 2024 19:15:50 +0000

Interest rate cuts, increases in the M2 money supply, structural deficits, and geopolitical tensions typically drive Bitcoin’s price higher.

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Bitcoin price hits $100K for first time in history

DIGIT — Thu, 05 Dec 2024 02:33:38 +0000

Bitcoin has rallied 126% since January to reach $100,000, driven by Bitcoin ETF demand, April’s halving and Donald Trump’s US election win.

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Reserve Bank of India expanding cross-border payments platform

DIGIT — Sun, 24 Nov 2024 17:13:38 +0000

According to the Atlantic Council, 134 countries are currently exploring CBDCs in different phases — including every G20 country.

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Over 63,000 BTC were sent to exchanges in last 72 hours — CryptoQuant

DIGIT — Thu, 10 Oct 2024 19:32:20 +0000

The recent 50 basis-point interest rate cut by the US Federal Reserve has had a mixed impact on crypto markets.

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Bitcoin Tops $66K as Inflation Cools, $9.67M in Shorts Liquidated

DIGIT — Fri, 27 Sep 2024 15:30:14 +0000

Bitcoin prices continued climbing this week, reaching an intraday peak of $66,456 per unit at 10:35 a.m. ET on Friday, marking a 2.4% boost against the U.S. dollar today and a solid 5% gain over the past seven days. Bitcoin Jumps to $66,456 Following U.S. PCE Report On Friday, Sept. 27, 2024, bitcoin crossed the […]

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$50K to $100K — 9 AI Chatbots Predict Bitcoin Prices for Year-End 2024

DIGIT — Mon, 08 Jul 2024 16:35:35 +0000

At the end of April, Bitcoin.com News queried seven artificial intelligence (AI)-based chatbots about their year-end bitcoin (BTC) price predictions. A significant number of these generative AI chatbots offered optimistic forecasts, suggesting bitcoin could reach $80,000 or even surpass $100,000, according to Openai’s Chatgpt 3.5. We repeated the test with a slight adjustment to the […]

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‘Oil Prices North of $200’ per Barrel — Investor Expects Oil to ‘Crush’ Every Investment in 2023

DIGIT — Tue, 27 Dec 2022 17:30:47 +0000

Amid the dreary global economy, a number of market strategists and analysts believe oil will be the number one investment in 2023. While a barrel of oil is coasting along at prices between $80.12 and $85 per unit, Goldman Sachs analysts think oil will reach $110 per barrel for Brent oil, and strategists from Morgan […]

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Argentina to Launch ‘Fair Prices’ Program to Battle Raging Inflation Numbers

DIGIT — Tue, 18 Oct 2022 11:30:37 +0000

The government of Argentina has begun to act in several directions to control the raging inflation numbers registered this year. Sergio Massa, minister of treasury, proposed a program called “Fair Prices,” to force retailers and producers to establish a fixed price on various products, to be maintained for up to 90 days. Argentina to Rely […]

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Will Ethereum Merge hopium continue, or is it a bull trap?

DIGIT — Wed, 20 Jul 2022 04:23:10 +0000

ETH has gained 48% over the past week, leaving most of its crypto brethren behind — though it’s still risky days ahead given the macroeconomic factors still at play.

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Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell’s Rate Hike Statements

DIGIT — Thu, 27 Jan 2022 09:02:55 +0000

Equities, crypto markets, and precious metals did well during the early morning trading sessions on Wednesday, just before the U.S. central bank wrapped up its Federal Open Market Committee (FOMC) meeting. While the Fed said in a statement that the benchmark interest rate would rise soon, the central bank’s lead Jerome Powell said the committee […]

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