Your Daily Digest of Global Stories
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…
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…
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…
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…
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….
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…
As bitcoin (BTC) rebounds to $63,000 (USD) following the US interest rate cut, a new scenario is emerging for the market. According to the analysis firm Nodecharts, bitcoin is now “in its decisive phase.” This is stated in a report market, according to its historical behavior and the implication of the rate cut. The Federal…
The recent 0.50% interest rate cut by the US Federal Reserve (Fed) has had a direct impact on the price of bitcoin, marking a 6% increase, its highest level since late August. This move by the Fed breaks with the aggressive monetary policy that has been in place since March 2020The agency’s decision, which was…
Since 2009, Bitcoin (BTC) has captured the attention of investors for its characteristics that make it a safe haven asset. These include its inherent scarcity and its ability to operate outside of traditional financial systems. However, Bitcoin is still in its early stages of adoption as a global means of payment or store of value….
Jerome Powell, chairman of the Federal Reserve (Fed), the central bank of the United States, was optimistic about the economy today, after announcing a cut in interest rates. “Our economy is strong overall and has made significant progress toward our goals over the past 2 years,” express. Inflation has been falling in the economic powerhouseas…
