Cryptocurrency Analysis and News Portal
Bitcoin is trading in a positive zone against the US Dollar, especially after the fed interest rate cut . BTC price is likely to continue higher above the $8,900 and $9,000 resistance levels in the near term.Bitcoin is likely to gain traction after the recent breakout attempt against the US
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The Federal Reserve enacted an emergency rate cut Tuesday morning, triggering a volatile pump-and-dump in the stock market. Bank stocks were disproportionately affected over fears that plunging interest rates would eat away at margins. Rates are destined to return to zero so you shouldn’t believe the Fed when it
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Bitcoin prices slid Tuesday after the U.S. Federal Reserve announced an emergency cut in interest rates to counteract risks to the economy from the spreading coronavirus. The largest cryptocurrency by market value was down 2.2 percent to $8,722 as of 15:28 UTC (10:28 a.m. ET). Prices had surged 4.6 percent on
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It has been a turbulent past few weeks for virtually every major market across the globe, with Coronavirus fears sparking an intense selloff that sent the Dow Jones, Gold, and Bitcoin all reeling lower in tandem.This correlation has shown no signs of slowing down, as the Fed just announced a
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The price of Bitcoin (BTC) made a severe drop in the past week, similar to the heavy dropdown of the equity markets. However, equity markets have been showing strength this week with a strong relief bounce and today’s announcement from the United States Fed of a 50 bps rate
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The U.S. stock market looks set to extend yesterday’s record-breaking recovery. Trump twisted the Fed’s arm, urging Powell to support the economy in the wake of coronavirus panic. But a G7 statement today is expected to stop short of recommending co-ordinated easing attempts. The Dow Jones notched up its
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Both the S&P 500 and Dow Jones are attempting to rebound after a brutal selloff last week. The Fed is very likely to aggressively cut rates to support the stock markets. The rate cuts may inspire an immediate bounce but the long-term impact of the virus on the economy
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While the stock market craters, Fed funds futures markets now forecast a 96% chance of a Fed rate cut in March. Goldman Sachs expects three rate cuts from March through June. There’s also chatter about an emergency inter-meeting rate cut any day now. But other analysts say the Federal
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UAE Central Bank governor Mubarak Al Mansouri said the UAE-Saudi digital currency project will help cut remittance costs.It will also contribute to enhancing transfers among banks and mutual trade between the two countries, Al Mansouri added on the sidelines of the Annual Conference of KSA and UAE Banks. Both countries have planned
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Fintech and regulation experts have said the United States needs to wake up to China’s proactive pursuit of a central bank digital currency.A Fortune report published on Nov. 1 pointed to the fact that digital currency looks poised to play an increasingly important role in the standoff between the
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