The Federal Reserve will likely not wait for the inflation to fall below 2% before decreasing interest rates, according to Federal Reserve Chair Jerome Powell. Although it is still higher than the Federal Reserve’s 2% objective, recent data from the US Labor Department reveals that inflation is dropping to 3%.
In light of the current economic uncertainty in many countries, BlackRock CEO Larry Fink has gushed over Bitcoin (BTC) as an investment opportunity. A further bright spot in the global market, according to the CEO, is expansion in the private sector. After trading below $60,000, the crypto market recovered, and
Genesis Trading is now dealing with bankruptcy and is continuing to sell off large amounts of Bitcoin. Analysts and investors are taking notice of the company’s decision to send 600 Bitcoin (BTC) to Coinbase, which is worth about $37.72 million. A substantial 600 Bitcoin (BTC)—worth over $37.72 million—was reportedly sent
An assault on CDK Global’s software interrupted operations last month, impacting some 15,000 car dealerships in the United States. Around 387 Bitcoin worth around $25M was received on June 21 by an address associated with BlackSuit, according to ZachXBT. After then, the funds went to a number of centralized exchanges.
BlackRock, the world’s largest asset manager, has reported a strong performance in the second quarter with assets under management (AUM) climbing to a staggering $10.6 trillion. This marks a nearly 13% increase from the previous year. Further, earnings per share (EPS) also saw growth, rising to $9.99 from $9.06, while
The global crypto market has rebounded sharply, with the total market cap reaching $2.29 trillion, marking a 3.69% increase over the past day. Trading volume surged by 23.24% to $64.1 billion in the last 24 hours, dominated by stablecoins which accounted for $58.52 billion, constituting 91.29% of the total volume.
Bitcoin’s (BTC) price has extended its upward momentum, hitting the $63,000 mark on Monday. This rise comes against a backdrop of heightened market activity and dramatic news, including a failed assassination attempt on former President Donald Trump, which added to the market’s surge. Over the past day, Bitcoin’s price has
Since US stocks have turned around, Bloomberg analyst Mike McGlone predicts that the Fed will soon reduce interest rates. At a critical juncture in the economic landscape after the pandemic, this prediction arrives as the Federal Reserve has been sending mixed signals on a possible change in monetary policy. It
The crypto market has entered a calm phase, staying stable and quietly building momentum. Altcoins, currently at low prices, sit poised on the edge of a potential explosive growth. Enthusiasts and investors watch closely, as any small change could ignite a new bull run. In the midst of this tension,
The crypto market is in a bearish trend, and amid this downturn, the U.S. spot Bitcoin exchange-traded funds (ETFs) had a significant net inflow. While the German government has been going through a strong selling spree throughout this week, the spot Bitcoin ETFs in the U.S. witnessed significant accumulation. According
