Tag: High

Chicago Fed Economic Model Sees U.S. Interest Rates High Enough to Tame Inflation While Avoiding Recession

“We estimate that although the majority of the effects on output and inflation have already occurred, the policy tightening that has already been implemented will exert further restraint in the quarters ahead, amounting to downward pressure of about 3 percentage points on the level of real gross domestic product (GDP) and 2.5 percentage points on the Consumer Price Index (CPI) level,” they noted. “The abatement of inflation occurs without a recession, as real GDP growth remains in positive territory throughout the projection.” Source

Bitcoin Alternative ‘Bitcoin BSC’ Launches Presale on Binance Smart Chain With High APY Staking

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Aiming to offer a Bitcoin alternative to investors during the bear market, Bitcoin BSC token is off to an explosive start in its presale, having already raised close to $50,000 in just 24 hours.  Investors have been dissatisfied with Bitcoin’s performance in recent weeks as the largest cryptocurrency is down 11% over the past month. On the other hand, Bitcoin clones like BTC20 and BTC 2.0 have outperformed the bearish crypto market and have shown remarkable bullish strength.  Bitcoin BSC is another such token that is generating tremendous enthusiasm amongst…

Turning Point For Bitcoin And Crypto? DXY At 5-Month High

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In a crucial development for the financial markets, the US Dollar Index (DXY) has surged to its highest level since March, marking a pivotal moment for Bitcoin and the broader crypto sector. The DXY, which gauges the Greenback’s performance against a basket of six major currencies, has extended its gains above the 104.000 mark in the past four day, reaching a five-month peak at 104.907. At press time, the DXY was trading at 104.773. From a technical standpoint, the DXY has exhibited a bullish bias, especially after surpassing the 200-day Moving…

New Shibarium Update Sets The Stage For Shiba Inu To Reach All-Time High

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The burning of SHIB tokens has become an important part of the Shiba Inu community. Each week, tokens are sent to a ‘burn’ address by community members as they try to reduce the supply of the token. This is why the introduction of a burn mechanism for the Shibarium Layer 2 network is a welcome development for the community. Lead Dev Says Shiba Inu Burn Portal Is Coming In a tweet shared on X (formerly Twitter) on Monday, Shiba Inu lead marketer LUCIE shared a much-anticipated announcement with the community.…

Worldcoin breaks an all-time high user record in Argentina

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Worldcoin, one of the world’s most discussed ID projects, broke an all-time high user record. The company registered 9,500 new users in the country in 24 hours. This means that every 9 seconds, a new user has registered on the platform. Worldcoin is a digital currency project that aims to create a global universal basic income (UBI) system. Sam Altman, who stands behind OpenAI, is its founder. Worldcoin’s vision is to distribute cryptocurrency to every person on…

S&P 500 Registers 4 Consecutive Days of Winning Streaks Ahead of High Impact News on Employment Change

The S&P 500 gained about 3.17 percent in the past five days to trade at around 4,514.87 as of Wednesday’s close. The S&P 500 (SPX)  edged higher on Wednesday, closing above crucial support levels that could see the stock index revisit its ATH soon. The Standard and Poor’s 500 gained about 0.38 percent on Wednesday to close the day trading at around 4,514. Other major stock indexes led by the Dow Jones Industrial Average (DJIA) and the US 100 Index (NDQ) gained about 0.11 percent and 0.56 percent respectively. The…

GBTC Shares See Volumes Climb To 2-Year High Amid Grayscale’s Victory Lap

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On August 29, the US Court of Appeals ruled in favor of Grayscale in its legal battle against the US Securities and Exchange Commission (SEC). Following this, Grayscale’s GBTC shares trading volume significantly increased, climbing to a 2-year high in the process. GBTC Shares See 17% Increase According to data from Yahoo Finance, GBTC’s share price had opened at $17.66 on the day and closed at $20.56, rising by almost 17% from the previous day. Furthermore, the fund saw its busiest day in over a year, with over 19 million…

Another Bitcoin Metric Is About To Reach A New All-Time High Despite The Bear Market

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The price of Bitcoin has taken a beating in the past month. The leading cryptocurrency by market cap is down by more than 11% from its price in July and has lost more than $50 billion in market cap since then.  While the price plunge has been painful for investors, Bitcoin miners have also been feeling the sting as mining revenue per computing power has been dwindling for the past few months. On the other hand, Bitcoin’s hashrate has soared to high levels as mining farms continue to come online.…

Does high US consumer debt benefit Bitcoin price?

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Cointelegraph analyst and writer Marcel Pechman breaks down consumer debt and why it might lead to a good outcome for BTC. On the latest episode of Macro Markets, Cointelegraph analyst Marcel Pechman explains why United States consumption remains strong while auto-loan and credit card balance delinquency is accelerating. According to Pechman, consumers built a cushion of extra cash savings as the U.S. government injected money to avoid a recession and temporarily forgave student loan repayments. But, according to investment bank JPMorgan, “consumers have spent down the entirety of their excess savings…