Poor jobs data is raising fears for the US economy. While the Fed is likely to cut rates by a quarter point this month, it may be too late. Bitcoin and Ethereum fell 4.2% and 5.3% respectively on Friday. Poor economic data is reviving fears about the weakness of the US economy — and markets … Read more
Bitcoin’s price followed global assets in a fall similar to the market’s crash on August 5. More market detours are on the horizon as the Fed anticipates a rate cut this month, analysts say. Over the past 24 hours, bitcoin has been weighed down by a broad swath of technology stocks and other assets, briefly … Read more
Bitcoin price down. However, analysts say it’s too early to count on a crypto rally. Here’s what drives the price. Analysts say a number of macroeconomic factors will drive Bitcoin’s price to $100,000 and beyond. Their comments came as the world’s largest cryptocurrency fell below the $60,000 mark over the weekend, dampening traders’ confidence in … Read more
Bitcoin is nothing more than a “trump trade” according to the founder of Lekker Capital. The uncertainty of the election denied investors the opportunity to front-run the potential benefits crypto could bring from another Trump term. Quinn Thompson says other factors are bigger cryptocurrency price drivers than the US election. For a while, Bitcoin's price … Read more
CME Launches New Bitcoin Futures Contract Crypto micro futures have become particularly popular in the past few months. The Chicago Mercantile Exchange is launching a new Bitcoin product. By September 30, merchants Can buy Bitcoin Friday futures contracts are worth 1/50th of a bitcoin – or $1,220 each. CME's Micro Ether futures contracts hit four … Read more
The Federal Reserve is likely to cut interest rates in September. Fed Chair Jerome Powell said it was time for a “policy adjustment.” It's finally happening. Federal Reserve Chair Jerome Powell on Friday gave strong indications that the US central bank will soon cut federal interest rates. “It's time to adjust policy,” Powell said at … Read more
Institutional investors increased their bitcoin exposure in the second quarter of 2024, 13F filings show. Bitwise's Matt Haugan called the adoption rate “historic.” But traditional players don't stop there, he said. Spot bitcoin exchange traded funds received more from institutional investors in the second quarter of 2024. That trend is likely to continue. This is … Read more
The long-anticipated Bitcoin bull run has run out of steam. However, several factors are likely to turn it around. Bitcoin is in a bit of a funk. Although the price of Bitcoin has increased by almost 40% since the beginning of 2024, this is not the bull run predicted a few months ago. With Bitcoin … Read more
According to Greyscale, Bitcoin is set to hit a new all-time high against the dollar. Those record highs come at the expense of the US economy, the firm's head of research said. Bitcoin is about to earn its reputation as a kind of digital gold — for bad reasons for the US economy. According to … Read more
Arthur Hayes says Janet Yellen will keep the economy strong to help Kamala Harris win the election. To do so, the US Treasury will inject up to $1 trillion into the market before the end of 2024. That would push Bitcoin to at least $100,000. said the co-founder of BitMEX. The US Treasury is about … Read more
Since August 2, Kamala Harris's chances of winning the election have increased by 238%. Analysts warn that Donald Trump's loss could be bad for crypto prices. Bitcoin price weakened just as Kamala Harris took the lead over Donald Trump in various polls, including crypto-powered betting platform PolyMarket. Bernstein analysts don't think this is a coincidence. … Read more
Hedge funds bolstered their bitcoin portfolios amid market turmoil on Monday. FalconX Research Boss Says Investors Are Betting Bitcoin Will Become Digital Gold As traders predict the price of Bitcoin will reach $100,000 by the end of the year, they have boosted the cryptocurrencies. Institutional investors scooped up bitcoin in droves during Monday's market turmoil, … Read more