During the last two months, the global economy has shuddered and a great number of people still attribute the financial meltdown to the Covid-19 outbreak. However, during the last two weeks, the blame has shifted, as many citizens are now blaming the government lockdowns, overly-predictive models, and industry shutdowns. Moreover, a recently published report notes […]
The post Data Shows the US Economy Was Collapsing 5 Months Before the Coronavirus Outbreak appeared first on Bitcoin News.
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On January 13, the New York Federal Reserve gave $60.7 billion to eligible private financial institutions by leveraging U.S. Treasurys and agency securities. With all the stimulus given to financial institutions since September, it hasn’t relieved the stress of economic uncertainty. Now the Fed is pondering giving money directly to hedge funds and private brokers […]
Many factors can influence the current and future value of Bitcoin. Finding reliable correlations is always a bit iffy. According to some, the current repo market problem in the US will spark a new Bitcoin bull run. Financial markets are, for the most part, correlating with one another. Bitcoin and other cryptocurrencies are often considered to be outliers. In the real world, however, there appears to be some synchronicity as to how these markets move up and down on a weekly basis. US Repo Markets Spark a Debate As such, any potentially troublesome financial event can impact the Bitcoin price.