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Despite recent positive economic indicators, investor and macroeconomics expert George Gammon foresees a hard landing for the U.S. economy. In an interview with Michelle Makori of Kitco News, Gammon pointed to several warning signs in the banking sector and the broader financial landscape. Banks See Economic Storm Clouds Ahead: George Gammon’s Warning Gammon explains that … Read more
Bitcoin’s price continues to correct, but BTC options markets reflect traders’ interest in the $62,000 level. Go to Source
Strong macroeconomic data, fear of an artificial intelligence bubble and an ongoing court case could be factors in Bitcoin’s multiday correction. Go to Source
New research by Affirm reveals three in five Americans believe the U.S. is in a recession, though it’s not officially declared. A survey of 2,000 people shows inflation and rising living costs (68%) as the main reasons for this belief, followed by complaints from friends and family (50%), reduced spending by peers (36%), and difficulties … Read more
The third quarter of 2024 has been tumultuous for the crypto market, with significant selling pressures and regulatory uncertainties affecting bitcoin and other digital assets. Coinbase Institutional reports that indiscriminate selling by the German government and the Mt Gox Rehabilitation Trust repayments have contributed to market volatility. Coinbase Institutional Highlights Bitcoin Sales Impact on Crypto … Read more
In a recent editorial, economist Peter St Onge explores the potential of a hidden economic recession, suggesting that official figures might not reveal the full extent of the decline. St Onge raises concerns about the accuracy of U.S. inflation data and its implications for measuring true economic growth. Peter St Onge, Official Figures May Understate … Read more
Ether’s failure to respond to good news could be rooted in investors’ perception that macroeconomic conditions are worsening. Go to Source
Bitcoin whales and miners remain cautiously optimistic, strengthening the bullish case for $64,300 support. Go to Source
Bitcoin futures and options indicators remain stable even after BTC price swiftly rejected off the $63,500 level. Go to Source
Google’s parent company Alphabet was the worst performer on the day, falling 9.5% in a massive $180 billion wipeout. Go to Source