Dimon Says Fed Won’t Cut Rates Until Inflation Drops

JPMorgan CEO Jamie Dimon said the US Federal Reserve will have a hard time cutting the interest rate unless inflation drops, and isn’t worried about stablecoins posing a threat to the banking sector. “If inflation does not go away, it’s going to be hard for the Fed to cut more,” Dimon, the head of the largest bank in the US, told CNBC-TV18 on Monday. “Inflation seems a little bit stuck at 3%. Again, I can give you some arguments why it’s going to go up, not down,” he said, adding…

Ethereum Bounce Imminent As BitMine Continues To Accumulate

After losing the $4,450-$4,500 area during the recent market downturn, Ethereum (ETH) is attempting to hold a crucial level as support. Some analysts suggest that the leading altcoin is poised to bounce soon as crypto treasury companies continue to bet on the cryptocurrency. Related Reading Ethereum Eyes Rebound Amid $4,100 Retest On Monday, Ethereum’s price dropped around 7% during the largest liquidation event of the year so far. Notably, the crypto market saw more than $1.7 billion in leveraged positions liquidated over the past 24 hours, according to CoinGlass data.…

Vitalik Defends Base Against SEC Exchange Regulation Threat

Ethereum co-founder Vitalik Buterin has praised Ethereum layer-2 Base’s approach to decentralization in response to recent concerns over Base’s sequencer and whether it should be treated as an exchange. “Base is doing things the right way: an L2 on top of Ethereum, that uses its centralized features to provide stronger UX features, while still being tied into Ethereum’s decentralized base layer for security,” Vitalik Buterin said on Tuesday.  He added that the Coinbase layer-2 does not have custody over your funds, “they cannot steal funds or stop you from withdrawing…

Crypto market update l Alt season update l Mudrex #bitcoin

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io सारे बहन भाई “SUBSCRIBE” करके जाना Join Mudrex – Join Our Telegram Channel – Business Queries – dishantglamathura@gmail.com Business Queries – Disclaimer: Cryptocurrencies are a high risk investment and may not be suitable for all members of the public and all types of investor. You should not purchase cryptocurrency unless you understand the extent of your exposure to potential loss. We are only providing information for educational purpose only and no financial advice. One should know and study properly before investing into…

Dogecoin (DOGE) Extends Losses – Is This the Final Shakeout Before Big Rally?

Dogecoin started a fresh decline below the $0.2550 zone against the US Dollar. DOGE is now consolidating and might dip further if it stays below $0.260. DOGE price started a fresh decline below the $0.2550 level. The price is trading below the $0.2550 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.250 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start a decent recovery wave if it stays above the $0.2250 zone. Dogecoin Price…

Bitcoin Fear & Greed Index Signals ‘Fear’ As Price Falls To $112,000

Data shows the Bitcoin Fear & Greed Index has slipped back into the fear territory following the crash in the cryptocurrency’s price. Bitcoin Fear & Greed Index Suggests Investors Now Fearful The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment present among traders in the Bitcoin and wider cryptocurrency markets. The index uses the data of the following five factors to determine the investor mentality: volatility, trading volume, market cap dominance, social media sentiment, and Google Trends. It then represents…

CleanSpark Secures $100M Bitcoin-Backed Loan

Bitcoin mining company CleanSpark rallied 5% in after-hours trading after announcing on Monday that it had secured a $100M financing deal with institutional-investor focused Coinbase Prime. The deal sees CleanSpark secure further credit from Coinbase Prime by using a portion of its 13,000 total Bitcoin (BTC) holdings as collateral. It will utilize the capital to scale up its Bitcoin mining ventures, high-performance computing (HPC) capabilities and energy portfolio.  CleanSpark (CLSK) shares closed Sept. 22 at $13.74, and the price has since gained around 5% to hit $14.44 in after-hours trading…

XRP Price Rebound Faces Wall – Key Technicals Suggest Limited Upside Ahead

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Great News For Bitcoin Mining (Proto Rig)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Join Bitcoin University Premium: In this video, I discuss Block’s new Proto Rig, a Bitcoin mining rig that will help us to diversify away from Asia as a Bitcoin ASIC-manufacturing hub. Jack Dorsey has contributed so much to the Bitcoin ecosystem, from Square and CashApp to Bitkey and now to Proto Rig and Fleet. Not investment advice! Consult a financial advisor. Proto Rig: Bitmain Can Remotely Shut Down Your Antminer: Fleet: Bitaxe: How To Mine Bitcoin At Home: Comparing energy efficiency: Jack…

Bitcoin Faces Bearish Pressure As Exchange Inflows Stay Elevated

According to data from Coinglass, the crypto market saw liquidations worth more than $1.6 billion over the past 24 hours, with the majority of them being long positions. Elevated exchange inflows threaten to crash Bitcoin (BTC) further below the important support level at $112,000. Bitcoin Tumbles, Will It Lose $112,000? Bitcoin fell from around $116,000 to as low as $111,800 earlier today, as the broader cryptocurrency market experienced volatility amid concerns about the US government shutdown. Prediction markets on Kalshi are currently giving a 70% chance of a shutdown in…