Market Analysis
Bitcoin price hit new highs today, but surging US debt and concerning housing data raise fears of a recession-led Bitcoin drop toward $95,000.
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Federal Reserve News
The Federal Reserve. or The Federal Reserve System, is the central bank of the United States that was founded in 1913 by the U.S. Congress in order to establish central financial control. The Federal Reserve is responsible for a lot of functions, so some may become confused about its role and ask the question “what does the Federal Reserve do?” The main objectives of the Federal Reserve System were established along with its founding in 1913. They are: maximizing employment, stabilizing prices and moderating long-term interest rates. Those are achieved by open-market operations, placing the discount rate, and establishing reserve requirements for financial institutions. Decisions and prognoses of the Federal Reserve are crucial for world’s economy because most economic operations are dependent on the U.S. dollar, which falls under the Federal Reserve’s control.
- News
The mining companies opened sharply higher on Thursday after US nonfarm payrolls surprised to the upside.
9576 - Price Analysis
Bitcoin bulls will have to maintain the price above $109,000 to enhance the prospects of a breakout to a new all-time high above $111,980.
2496 - Market Analysis
Bitcoin moved closer to its all-time high today, but several data points suggest pro traders are not on board yet.
8348 - Market Analysis
Traders say Bitcoin will benefit from the proposed $5 trillion increase to the US debt ceiling, but data could suggest otherwise.
10784 - Market Update
Bitcoin price action slides between increasingly thick walls of exchange order-book liquidity with just hours before two key candle closes.
4780 - Market Analysis
A weakening US economy and Fed rate cuts set the stage for Bitcoin’s next move, but, onchain data shows a fragile bull market missing retail demand. Could it return by fall?
3754 - Market Analysis
Trump’s early Fed replacement plans rattled markets, accelerating dollar losses and sending DXY to its lowest level since April 2022.
6052 - Market Analysis
Bitcoin bulls appear poised to win the upcoming $20 billion options expiry, raising the chances for a rally to $110,000.
7557 - News
Trump may issue an executive order to protect crypto firms from banking discrimination, ending what some call Operation Chokepoint 2.0, according to The Wall Street Journal.
4055 - Market Update
Bitcoin bullish catalysts are multiplying amid a Middle East ceasefire and new hopes of an earlier-than-expected Fed rate cut.
5131 - Market Analysis
Bitcoin bounced to $106,000 as traders bet on higher chances of Fed interest rate cuts due to tensions in the Middle East.
10773 - Market Analysis
Bitcoin derivatives traders turned cautious, despite steady inflows to the spot BTC ETFs.
6962 - Market Update
Bitcoin may hold above $100,000 throughout summer, but seasonal trading data suggests minimal upside in Q3.
3117 - Market Analysis
The Federal Reserve may be forced to cut rates in the near future if the US goes to war with Iran or the trade talks collapse.
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