News
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1Bitcoin Price Flashes Downside Break: Will Bears Take Over?2JPMorgan CEO warns of stagflation and recession risk in US economy3Bitget Research: Stablecoin Market Cap Nears All-Time High, Hinting at Market Recovery
Bitcoin Whales Buying Every Dip Despite Bearish Predictions: Is $50K Next?
Cryptonewsland·2024/09/06 15:03
EigenLayer’s Season 2 Stakedrop Unveils 86M EIGEN Tokens to Reward Stakers and Partners
Cryptonewsland·2024/09/06 15:03
Bitcoin price dips to new 1-month low after $57K US jobs data 'fakeout'
Bitcoin fools traders up and down as BTC price volatility accompanies the week's final US employment data release.
Cointelegraph·2024/09/06 15:00
Here’s How Cardano’s Hard Fork Affects Governance and Staking
Cryptodnes·2024/09/06 14:18
U.S. Bitcoin ETFs Continue Outflows, Losing $211 Million
Cryptodnes·2024/09/06 12:03
Daily BTC Market Briefing | Explore the Future of Crypto and Seize Market Opportunities
3Friends·2024/09/06 10:35
Can Solana Hit $200 in September 2024? Sharks Join The Fastest Growing Meme Coin Presale
Newsbtc·2024/09/06 10:18
Chainlink struggles to break out despite new protocol integration
Grafa·2024/09/06 08:35
Notcoin faces challenges in holding its recent market gains
Grafa·2024/09/06 08:35
Solana Price Plunges 12% In A Month As Investors Flock To This New Meme Coin With A 1,442% APY
Insidebitcoin·2024/09/06 08:19
Flash
- 16:52Swap Contracts Show Over 50% Probability of Fed Cutting Rates by 50 Basis Points This WeekBond traders once again believe that Federal Reserve policymakers are more likely to cut interest rates by 50 basis points than 25 basis points at this week's meeting. Swaps linked to the Fed's interest rate resolution show a more than 50 per cent chance that the Fed will cut rates by 50 basis points this week, compared with last week when traders almost completely ruled out the possibility. That sent two-year U.S. American yields back to their lowest level in two years and dragged the dollar index to its lowest level since January. Philip Marey, senior U.S. strategist at Rabobank, wrote that he expects the Fed to implement its standard 25 basis point rate cut. ‘Powell's lack of guidance could indicate that the FOMC has yet to reach consensus. More importantly, Tuesday's retail sales could still alter market expectations.’
- 16:50Bitwise Analyst: Expectations of Further Fed Rate Cuts Will Have a Positive Impact on BitcoinOn 16 September, André Dragosch, Head of European Research at Bitwise, said, ‘The relatively strong manufacturing report suggests that the market's reaction could be positive if the Fed cuts interest rates by 50 basis points, as this leading indicator has already shown even an acceleration in underlying economic momentum in September, signalling a possible entry into the early stages of the “just right scenario”, i.e. low inflation, stable growth, and stimulative monetary policy. In my view, markets will be driven more by expectations of a rate cut than the cut itself over the next few months. Expectations of further rate cuts are likely to intensify due to the weak US economy and impending recession, which we expect to have a net positive impact on Bitcoin and crypto assets.’
- 16:50A trader bought about $16,500,000 of Neiro in July and is currently floating more than a hundredfoldOn 16 September, Arkham monitored a trader who had floated over $1.8 million through Neiro, having purchased around $16,500 of Neiro within the first two days of its launch.