Bitcoin price at risk? US Dollar index confirms bullish ‘golden cross’
Concerns over the U.S. dollar’s impact on Bitcoin may be overstated by investors, particularly in the longer term. Go to Source
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Bitcoin investors are bullish on the US Fed’s $100B loss
The debt ceiling is unlikely to hold as the government faces increased pressure from interest rate payments, a potential catalyst for Bitcoin and cryptocurrencies. Go to Source
Persistent macro headwinds could delay Bitcoin bull market — ARK Invest
Several macroeconomic indicators suggest that bearish headwinds could strengthen during the remainder of 2023 and possibly negatively impact the crypto market. Go to Source
CPI report may show uptick in US inflation — How will Bitcoin price react?
Bitcoin price remains range bound as equities, gold and US Treasuries offer competitive rates with reduced risk. This week’s CPI report could shake things up. Go to Source
Where’s the recession? These 3 economic indicators can alert investors to a market downturn
Analysts have called for a U.S. recession all year, but stocks continue to creep higher. Here are three metrics investors can watch to know if an economic downturn is coming. Go to Source Powered by WPeMatico
Crypto offers Africans a ‘lifeline’ from inflation and corruption, say execs
Chris Maurice, founder and CEO of crypto exchange Yellow Card said in Africa, crypto isn’t the “casino” that it can sometimes feel like in the West. Go to Source Powered by WPeMatico
Bitcoin price races toward $27K, but a swift recovery is not confirmed by market data
BTC price recovered quickly from this week’s swing low, but derivatives data hints that a challenging road lies ahead. Go to Source Powered by WPeMatico
Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals
Investors, plagued by mounting pessimism, have sought refuge in cash, according to a recent survey conducted by Bank of America. The survey highlights a notable 5.6% increase in cash reserves during May, as apprehensive investors brace themselves for a potential credit crunch and a recession. Flight to Safety: Investors Increase Cash Reserves and Brace for … Read more
Hedge Fund Mogul Stanley Druckenmiller Warns of ‘Hard Landing’ for US Economy
Billionaire hedge fund manager Stanley Druckenmiller has a dire prediction for the U.S. economy: a recession is looming, and it’s likely set to hit this June. Druckenmiller’s forecast comes as American consumer spending remains low, and is largely driven by credit card usage. Druckenmiller, a seasoned investment mogul, warns that it would be foolish to … Read more
Bitcoin bears need BTC price to go below $27K ahead of Friday’s $900M options expiry
Bitcoin price giving up ground over the past week to slide below $28,000 has put bears in a better position for Friday’s expiry. Go to Source Powered by WPeMatico
