Bitcoin prepares for a testing macro week as geopolitical uncertainty injects volatility into gold, oil and the U.S. dollar, but BTC price action has yet to react. Bitcoin (BTC) starts the second week of October up 4% month-to-date as geopolitical instability provides a snap market focus. BTC price action continues to hold steady at $28,000,…
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Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal. The next crypto bull market is likely to kick off in Q2 2024, when the Bitcoin (BTC) halving is set to take place, says macro investor and Real Vision CEO Raoul…
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The losses on US Treasuries recently surpassed $1.5 trillion and the likely outcome is turbulent markets, but how will Bitcoin price fare? The U.S. economy has been facing turbulent times lately, with the U.S. personal consumption expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the volatile…
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According to data released today by the U.S. Burea of Economic Analysis (BEA), the Federal Reserve’s preferred metric for inflation, known as the core personal-consumption expenditures (PCE) price index, showed a decrease in August. The PCE report was released amid growing concerns about inflationary pressures that could prompt the Federal Reserve to adjust interest rates….…
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Fred Thiel, CEO of Marathon Digital Holdings, a Nasdaq-listed Bitcoin mining company, has warned about the future of the U.S. economy and the consequences of the Federal Reserve’s current monetary policy. Thiel noted the possibility of an upcoming period of fiscal dominance, in which the Federal Reserve would have fewer weapons to fight inflation. Marathon…
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Bitcoin’s 150% gains over the last two years in Argentine pesos is no match for the country’s 300% inflation in the period. Argentina has grappled with hyperinflation for several decades due to failed policies that have led to budget deficits. As time marches on, the likelihood of Argentina — home to 47 million people —…
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Marcel Pechman explains whether real estate or Bitcoin is a better store of value and breaks down Instacart’s current valuation and why investors may want an alternate investment. On this week’s episode of Macro Markets, Cointelegraph analyst Marcel Pechman discusses the real estate markets, highlighting stagnant mortgage demand, attributed to rising rates. With an average…
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Based on the U.S. Federal Reserve’s forecasts, it appears that the central bank is poised to enact an additional hike to the federal funds rate by the end of 2023. The news comes in the wake of the Federal Reserve’s decision to leave the interest rate unchanged during its recent gathering of the Federal Open…
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The world’s debt has surged to a record high level in the second quarter, according to the Institute of International Finance (IIF). The increase has also helped lift the global debt-to-GDP ratio which had been declining for seven quarters but is now projected to reach 337% by the end of this year. Major Markets Behind…
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The debt ceiling is unlikely to hold as the government faces increased pressure from interest rate payments, a potential catalyst for Bitcoin and cryptocurrencies. The U.S. Federal Reserve made a significant announcement on Sept. 14, revealing accumulated losses of $100 billion in 2023. What’s more, this situation is expected to worsen for the Fed, according…
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