News with the tag "interest rate cuts"

Interest rate cuts, increases in the M2 money supply, structural deficits, and geopolitical tensions typically drive Bitcoin's price higher.

The Bitcoin price has faced a strong resistance wall at $100,000 levels with crypto investors eagerly awaiting the Fed rate cut in December to fuel the rally. As per the CME FedWatch tool, the likelihood of the interest rate cut, during the upcoming FOMC meeting on December 18, has surged to 72.5%. ...

Bitcoin price has bounced back once resuming rally to $100K again amid strong investor sentiment this Thanksgiving. The BTC demand growth shows a healthy uptick suggesting that bulls are active after the recent pullback. Furthermore, the announcement of an interest rate cut by the Bank of Korea on T...

Bitcoin (BTC) appears to be running out of steam after the latest US inflation data and speech from Fed Chair Jerome Powell speech on what the market should expect per interest rates moving forward. The Fed Chair’s statement comes about a week after the apex bank implemented its second rate cut for ...

The US Federal Reserve Chairman Jerome Powell has reiterated the next plan for the bank following its latest 25 basis points interest rate cut. In a widely televised speech, the Fed Chair said the United States economy is not on a preset course, implying more monitoring is necessary. Despite the con...

Following the release of US job data, BlackRock CIO Rick Rieder has predicted that the Federal Reserve will cut interest rate further by 25-basis-point. Per his projection, this will come when the Federal Open Market Committee (FOMC) meets in November. US Job Data Drops From August Level The Septemb...

A widely followed crypto analyst says that the digital assets industry will continue to thrive despite the Federal Reserve cutting interest rates. In a new video update, Guy Turner, the host of Coin Bureau, tells his 2.52 million YouTube subscribers that small-cap stocks and crypto assets will conti...

Lower interest rates and accelerating crypto adoption are spurring more financial institutions to try Bitcoin-backed lending.

JPMorgan Chase sees the possibility of the Federal Reserve making another significant rate cut in November, possibly by 50 basis points. The bank, which predicted this week’s half-point cut, believes further reductions are likely if the job market weakens. While some other Wall Street firms have adj...

With the US Federal Reserve cutting interest rates by 50 basis points on September 18, the crypto market is preparing for an upward thrust. However, a few top altcoins have already surged quite a bit in anticipation of the rate cuts. So, investors should consider selling these 5 cryptos to avoid los...