CoinspeakerTreasury Yields Decline as Investors Remain Cautious about US and Global Economy Treasury Yields are falling further due to general uncertainty in the market regarding interest rates and monetary policies. Treasury Yields Decline as Investors Remain Cautious about US and Global Economy
Read More »The Treasury is Set to Make Things Rough for Bitcoin
As both sides of the political spectrum have waged war on America’s debt ceiling and worked hard to formulate a deal, there’s growing concern that the Treasury is going to issue more than $1 trillion in new bills. Many analysts are worried about this as they say such a move could have atrocious effects on the market. The Treasury May Hurt BTC Alex Lennard – investment director at global asset manager Ruffer – explained in an interview: Our concern is that if...
Read More »Veteran Economist Steve Hanke Suggests that US Inflation Is Now Gone
CoinspeakerVeteran Economist Steve Hanke Suggests that US Inflation Is Now Gone Hanke's commentary follows barely 24 hours after the US inflation rate for June came in lower than expected at 3%. Veteran Economist Steve Hanke Suggests that US Inflation Is Now Gone
Read More »Powell Announces Potential Pause to Rate Hikes; BTC Slips
Jerome Powell – the head of the Fed – has announced that due to ongoing stress endured by the American banking system, he and his cronies will likely ease their hiking of interest rates. Strangely, the news has not done great things for bitcoin or crypto. In fact, prices took a small and temporary dive following the announcement. Jerome Powell Hints at Potential Curb to Rate Hikes This is arguably the attitude Powell should have had a long time ago. When banks are...
Read More »Bitcoin is Still 65% Higher than Where it Was Last Year
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The price of bitcoin fell somewhat in mid-May, causing a bit of a scare amongst digital currency investors. However, analysts are telling them not to worry so much given the world’s number one digital asset by market cap is still about 65 percent higher than where it was at the end of last year. Bitcoin… It’s...
Read More »Bitcoin Shoots Up as Inflation Slides a Tad
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin endured a slight rise in mid-May after numbers emerged suggesting inflation was potentially easing up. Inflation May Be Dying Down a Bit Regions like the U.S. and the U.K. have been subjected to the highest inflation seen in roughly 40 or 50 years. Things like gas prices, food prices, and the costs of...
Read More »The Fed Hikes Rates Again, but Analysts Think Bitcoin Will Surge Soon
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up The Fed recently made the decision to hike rates again, but the situation appears to be quite different according to various bitcoin and crypto analysts. The Fed and Bitcoin: Working Off Each Other? This is the tenth hike instituted by the Fed over the past year or so, and many believe this could be the last...
Read More »BTC Price Plummets Below $25K as Fed Pauses Interest Rate
Following the Fed interest rate pause announcement, the price of BTC broke major price support, raising concerns about a continued decline. The Federal Reserve announced on Wednesday that it would maintain its interest rate at 5.25%, marking the first time since January 2022 that the rate would remain unchanged. According to the Fed, the inflation rate appears to be decreasing, and it wants to see whether previous rate increases were sufficient to slow price increases. However, it was...
Read More »US Inflation Rate Surge: Will Fed Stick to Its Aggressive Approach?
On Tuesday, June 13, the markets reacted positively to the publication of inflation data. The inflation rate in the United States increased by 0.1% in May. This inflation figure represents a 4% increase over the past 12 months, which meets the economic expectations of the Fed. But will it be enough for the Federal Reserve to slow down its aggressive monetary policy? According to the Consumer Price Index Summary report for May, published by the US Bureau of Labor Statistics, inflation...
Read More »The Fed Could Hike Rates Again; What Will Happen to BTC?
Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin, Ethereum, and many other assets have experienced certain degrees of healing in the year 2023, a big turnaround from the previous 12 months, though the fact remains that the Fed is still looking into hiking rates, and another rate jump could be right around the corner. The Fed Could Hike Rates Again It...
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