Veteran investor Stanley Druckenmiller praised Bitcoin for establishing its own “brand” during an interview with hedge fund manager Paul Tudor Jones.
Category: Quantitative tightening
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Analysts at odds over Fed, US debt ceiling impact on Bitcoin price
A political deadlock over the U.S. debt ceiling and its potential impact on the price of Bitcoin, which is already up 75% in 2023.
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ETH hits 7-month high ahead of Shanghai and Capella upgrades
Ether has broken the $1,900 resistance level for the first time in months and is currently sitting above $1,911.
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‘Next Round of Bailouts Is Here’ — Bitcoin and Precious Metals Soar Amid Speculation of Fed Policy Change
At around 7:30 a.m. ET, the price of bitcoin skyrocketed past the $27,000 range to a high of $27,025 per unit. Precious metals, or PMs, like gold and silver, also rose between 1.98% and 2.12% against the U.S. dollar over the past day. While many market observers are wondering why specific assets like PMs and […]Powered by WPeMatico
Silicon Valley Bank Faces Financial Woes as Stock Is Halted, Sells $21 Billion Bond Portfolio at a $1.8 Billion Loss
On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial institution “will be well positioned” […]Powered by WPeMatico
Expert Warns of Possible Deflationary Depression as Money Supply Contracts: ‘Pay Attention to QT and the Money Supply’
During the Covid-19 pandemic, central banks such as the U.S. Federal Reserve loosened fiscal and monetary policy. Now, these same financial institutions are seemingly engaging in quantitative tightening (QT) practices. According to Nick Gerli, CEO and founder of Reventure Consulting, “the money supply is officially contracting.” This has only happened four times in the last […]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.
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Bitcoin ‘whales’ and ‘fishes’ pause accumulation as markets weigh March 50bps hike odds
If Bitcoin benefited from quantitative easing, will it be hurt by quantitative tightening?
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Avalanche correction risk rises after AVAX price soars 80% from January lows
Strong network growth underpins AVAX’s recent price gains, but a multi-month technical pattern continues to pose downside risks for the Avalanche token.
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Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor Novogratz
Bitcoin (BTC) may not have pumped at the scale expected by many halving optimists, but Wall Street billionaire Michael Novogratz insists that the price will hit $20,000 by year-end. The Galaxy Digital founder and chief executive officer on Monday told CNBC that bitcoin’s surge was inevitable in light of the record money printing by world […]
The post Halving Sell-Off Temporary, BTC to Hit $20,000 by Year End, Says Billionaire Investor Novogratz appeared first on Bitcoin News.
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