Tag: Markets

Guggenheim CIO Scott Minerd Warns of a Crypto ‘Washout’ Similar to the Internet Bubble – Markets and Prices Bitcoin News

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Guggenheim Partners CIO Scott Minerd believes there is going to be a crypto washout similar to the internet bubble. “There’s another shoe to drop,” he warned. Nonetheless, the executive is confident that the crypto industry will move forward despite the collapse of crypto exchange FTX. Guggenheim’s Scott Minerd Shares Crypto Outlook Guggenheim Partners Global Chief Investment Officer (CIO) Scott Minerd shared in an interview with Bloomberg last week his thoughts on the future of cryptocurrency following the implosion of crypto exchange in FTX. He was asked if he has confidence…

Crypto Markets Today: Popsicle Heats Up as Bitcoin Stays Cold

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Bitcoin vs. DXY

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io There has historically been an inverse correlation between #Bitcoin and #DXY. However, we have previously seen the inverse correlation between #DXY and risk assets break down coming out of periods of high #inflation. Let’s dive into the charts and discuss! Into The Cryptoverse Premium: Into The Cryptoverse Newsletter: LIFETIME OPTION: Alternative Option: Merch: Disclaimer: The information presented within this video is NOT financial advice. Telegram: Twitter: TikTok: tiktok.com/@benjamincowencrypto Instagram: Discord: Facebook: Reddit: Website: ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube…

Economist Peter Schiff Warns Bitcoin May Not Rise When Other Financial Assets Rebound – Markets and Prices Bitcoin News

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Gold bug and economist Peter Schiff has warned that the price of bitcoin may not rise when other financial assets rebound, even though the crypto fell alongside them. “The bitcoin bubble popped and collectors will be selling no matter what happens to financial assets,” he predicted. Peter Schiff’s Bitcoin Outlook Economist and gold bug Peter Schiff shared his thoughts about the future of bitcoin and cryptocurrency in a series of tweets this week. He wrote Monday: The fact that bitcoin fell along with financial assets doesn’t mean that it will…

Bank of Japan’s Kuroda Shocks Markets by Raising the Benchmark Rate to 0.5% From 0.25% – Economics Bitcoin News

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The Japanese yen is up 3.42% against the U.S. dollar on Tuesday as the Bank of Japan surprised the world by deciding to allow the benchmark interest rate to rise to 0.5% from 0.25%. The Japanese central bank was one of the only banks worldwide to hold off on raising benchmark interest rates, as policymakers have kept the government bond yield rate close to zero since 2016. Japanese Central Bank Lifts Rates for the First Time in 6 Years During the last two months, there’s been a lot of discussion…

‘Forget a pivot’ — markets won’t see Fed rate cut boost in 2023, says analyst

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Bitcoin (BTC) and other bulls will not benefit from a major change in United States inflation policy in 2023, one analyst says. In a Twitter thread on Dec. 20, Jim Bianco, head of institutional research firm Bianco Research, said that the Federal Reserve would not “pivot” on rate hikes next year. Bianco: Japan YCC move “matters for all markets” In light of the surprise yield curve control (YCC) tweak by the Bank of Japan (BoJ), analysts have become all the more bearish on the prospects for risk assets this week.…

‘Forget a pivot’ — Markets won’t see Fed rate cut boost in 2023, says analyst

Bitcoin (BTC) and other bulls will not benefit from a major change in United States inflation policy in 2023, one analyst says. In a Twitter thread on Dec. 20, Jim Bianco, head of institutional research firm Bianco Research, said that the United State Federal Reserve would not “pivot” on rate hikes next year. Bianco: Japan YCC move “matters for all markets” In light of the surprise yield curve control (YCC) tweak by the Bank of Japan (BoJ), analysts have become all the more bearish on the prospects for risk assets this…

ETH Back Above $1,200 as Bank of Japan Policy Decision Impacts Markets – Market Updates Bitcoin News

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Ethereum rose back above the $1,200 level on Tuesday, as the dollar rebounded following the latest Bank of Japan (BOJ) policy decision. The bank adjusted its yield curve control, which increased its cap on the 10-year government bond, allowing moves of up to 50 basis points (bps), up from 25 bps. Bitcoin also rose on the news, climbing closer to $17,000 Bitcoin Bitcoin (BTC) moved closer to the $17,000 level on Tuesday, as traders reacted to the latest Bank of Japan policy decision. BTC/USD surged to a peak of $16,837.65…