Unrealized losses at U.S. banks have reached a record $512 billion, raising concerns about the stability of the financial system. This phenomenon has persisted for 11 consecutive quartersnoting that problems in the banking sector have lasted longer than expected, according to a comment from The Kobeissi Letter. Unrealized losses are those that a bank has … Read more
MicroStrategy has outperformed the S&P 500 index thanks to its investment in bitcoin (BTC), according to data revealed by Michael Saylor, the company’s CEO. Since adopting BTC as part of its corporate strategy in August 2020, the company has seen over 1,000% growth in its stock performance. MicroStrategy’s performance not only outperformed the S&P 500. … Read more
The U.S. Securities and Exchange Commission (SEC) has today approved BlackRock’s proposal to list and trade options on its spot bitcoin exchange-traded fund (ETF), known as the iShares Bitcoin Trust (IBIT). Through a statementthe SEC highlighted that the approval was granted in an “accelerated” manner to BlackRock, the world’s largest asset manager, underscoring that continues … Read more
Bitcoin (BTC)-based exchange-traded funds (ETFs) in the United States reported net inflows of more than $158 million on Thursday, recovering from outflows of $52 million recorded the previous day. However, the fact that stands out is that, from August 25 to September 19, BlackRock’s iShares Bitcoin Trust (IBIT) only had capital inflows on a single … Read more
Key facts: The US presidential election is positioned as a key factor for the market. October could be a positive month for Bitcoin, according to history. With the US interest rate cut for the first time in more than four years, markets have a new driver. This monetary policy lowers the cost of borrowing, increases … Read more
Key facts: So far this month, its price has risen by more than 7%. The interest rate cut announced by the Fed boosted its price. September is usually a difficult month for financial markets due to seasonal reasons. In the northern hemisphere, summer is ending and the pace of economic activity slows down due to … Read more
The US Federal Reserve (Fed) cut interest rates by 0.5 points to 5%. This is the first rate cut in 4 years, causing the price of bitcoin (BTC) and other cryptocurrencies to react with high volatility to the Federal Open Market Committee (FOMC) decision. However, the United States is not the only country making adjustments … Read more
Key facts: The Fed cut rates for the first time in more than four years. Although it stimulates the economy, a 50-point cut may reflect economic weakness. Republican presidential candidate Donald Trump has given his opinion on yesterday’s 0.5% interest rate cut in the United States. “I guess it shows that the economy is in … Read more
Following the announcement of the Federal Reserve’s interest rate cuts, American economist Peter Schiff predicts a bleak future for the US economy. Schiff explained his position through from a message in X with which he warned about a deeper recession and rising inflation which –in his opinion– will put the United States government in check. … Read more
The southern US state of Louisiana has taken a significant step toward adopting emerging financial technologies by accepting bitcoin (BTC) and USD Coin (USDC) payments for state services. State Treasurer John Fleming announced a plan to integrate digital currencies into public operations, allowing residents to pay for services from their digital wallets. This move materialized … Read more