Crypto Market Rises as Fed Chair Powell Signals Potential Rate Cuts Ahead
TL;DR Market expectations of a potential rate cut by the Federal Reserve have driven up the prices of several cryptocurrencies. The price of Bitcoin (BTC) rose
The blockchain technology has its place in each of the different markets and it is interesting to be up-to-date with the novelties that occur in them.
That is why from Crypto-Economy we bring the selection of the most relevant news of the different markets that have come into contact with blockchain and cryptocurrencies.
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TL;DR Market expectations of a potential rate cut by the Federal Reserve have driven up the prices of several cryptocurrencies. The price of Bitcoin (BTC) rose
TL;DR U.S. Bitcoin ETFs reported net inflows of $64.91 million on August 22, extending their positive streak to six days. BlackRock’s ETF, IBIT, led with $75.49
TL;DR Bitcoin and Ethereum Options Expiry: Bitcoin and Ethereum face a combined options expiry worth $1.5 billion on August 23, 2024, with Bitcoin’s max pain point
TL;DR Bitcoin’s Price Surge: Bitcoin (BTC) soared above $60,000, boosting overall crypto market sentiment and encouraging more investors to enter the market. Altcoin Rally: Major altcoins
TL;DR Powell’s Speech: Federal Reserve Chair Jerome Powell’s comments on maintaining higher interest rates led to mixed reactions in the crypto market, causing slight declines in Bitcoin
TL;DR The U.S. Producer Price Index (PPI) for July increased by just 0.1%, lower than the expected 0.2%, and the annual increase was 2.2%, below the
TL;DR The most severe crypto market correction remains that of March 2020, with a 39.6% drop in a single day, reducing the market capitalization to $135.14
TL;DR Ed Yardeni attributes the market decline to the unwinding of carry trades due to tighter monetary policies in Japan. Geopolitical risk in the Middle East
TL;DR Market Outflows Amid Concerns: Last week, digital assets investment products saw a significant outflow of $528 million—the first weekly decline in four weeks. Investors reacted
TL;DR Bitcoin’s Dramatic Fall: A week ago, BTC reached a multi-week peak of $70,000, but within 168 hours, everything changed. Bitcoin lost momentum, dropping from $66,000
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