Thursday, November 21, 2024
Home > Drag

Strategist Expects US Recession by Year-End, Fed Tightening to Drag Down Economy – Economics Bitcoin News

Investment bank MPS Capital Services has warned that the U.S. economy will be in a recession by year-end. The firm’s strategist predicts that the Federal Reserve will raise interest rates by an additional 25 basis points, warning that the central bank’s monetary tightening “will drag down on the economy.” Strategist’s Recession

Read More

Bitcoin targets $16.7K amid fear BNB may ‘drag whole crypto market down’

Bitcoin (BTC) looked set to ditch $17,000 after the Dec. 16 Wall Street open as United States equities continued to fall.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: $240BNB "has nothing but air below it"Data from Cointelegraph Markets Pro and TradingView tracked new intraday lows of $16,743 for BTC/USD on Bitstamp.The

Read More

While the Bear Market’s Claws Drag ETH Prices Down, Ethereum Network Fees Remain Low – Altcoins Bitcoin News

While ethereum prices jumped 61% higher during the last 30 days, the crypto asset’s U.S. dollar value is still down more than 60% lower than ether’s all-time high recorded nine months ago. Amid the market downturn, the network’s average fees have been lower than $5 per transaction and on July

Read More