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Read More »Treasury Yields Climb as Investors Anticipate Better Market in 2023
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Read More »10-Year Treasury Yield Inches Higher as Market Awaits Key Personal Consumption Expenditure Report
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Read More »Tesla (TSLA) Stock Soars 7% on News Fed May Slow Rate Hikes
Tesla CEO Elon Musk was one of those who shared his sentiments on the likelihood of a recession next year.The shares of American multinational electric car manufacturer Tesla Inc (NASDAQ: TSLA) are seeing marginal growth in the Pre-Market today after the stock recorded a bumper session on Wednesday. Investors went on a buying spree pushing the share price to $194.70 atop a 7.67% growth on Wednesday as Federal Reserve (Fed) Chairman, Jerome Powell hinted at the Brookings Institute that the...
Read More »Fed Could Hike Interest Rates by 75 Basis Points Once More then Slow Pace
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Read More »Treasury Secretary Janet Yellen Emphasizes Need for Regulatory Framework for Crypto Market
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Read More »Jerome Powell Calls for Appropriate DeFi Regulation Following Reports of Significant Structural Issues
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Read More »Analysts Think Bitcoin Is Going to Fall Even More
Bitcoin and Ethereum have been having a tough time. The problems began again at the end of August when Jerome Powell, the leader of the Federal Reserve, made a five-minute speech suggesting the agency was going to be ruthless in its attempts to curb inflation. Bitcoin Ain’t Doing So Hot This, of course, means people can potentially look forward to further rate hikes, which have not done well for bitcoin. Every time rates go up, bitcoin’s price goes down along with the...
Read More »Bitcoin Lost Further Following Jerome Powell Speech
Bitcoin took another hefty fall in late August. The world’s number one digital currency by market cap fell to just over $20,000 following the speech given by Jerome Powell of the Fed in which he talked about the state of the economy. Bitcoin Is Continuing to Experience Bearish Trends Powell hinted that more rate hikes were likely in order, meaning bitcoin is set to suffer further at the hands of what can only be considered, at this point, to be an extremely incompetent...
Read More »Crypto Fund Three Arrows Capital Forced to Liquidate
In late June, bitcoin briefly sank below the $19,000 mark again for the first time in several weeks following news that Three Arrows Capital – a cryptocurrency hedge fund – was being forced to liquidate. Three Arrows Capital Is Falling Apart The organization had been under suspicious eyes for some time. Not long ago, representatives of Three Arrows Capital swore that no liquidation was coming, claiming the following: We are in the process of communicating with relevant...
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