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The Bitcoin price successfully defended the $28,000 support on May 2, but it has yet to prove the strength needed to reclaim the $29,200 level from April 30. $30K becomes crucial for Bitcoin bullsSome analysts will pin the recent downtrend on the expectation of an interest rate increase by the
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The Fed, however, is fighting a two-front war, with its rate hikes possibly having helped expose balance sheet issues at a number of U.S. banks. This past weekend saw the latest in a series of lender failures, with the nation's 12th-largest bank by assets, First Republic (FRC), requiring a joint
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"As the market is expecting a pause after this hike, we'll be looking for the sentence on 'additional policy firming may be appropriate' to be removed from the statement, replaced by more open-ended language leaving the door open for either more rate hikes or a pause, i.e., data-dependency," Dick Lo,
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On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street. He expressed his belief that a sell-off could be imminent, and that this could occur as a result of U.S. Federal Reserve chairman Jerome Powell’s upcoming remarks on Wednesday. Furthermore, there has been
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Rich Dad Poor Dad author Robert Kiyosaki says the Fed is wiping out regional banks by supporting only big banks, like JPMorgan Chase. Stating that the Fed “is criminal,” he warned that its actions “will bring down” the United States. Robert Kiyosaki Says the Fed Is Criminal The author of Rich Dad
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On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC), released a similar report
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Bank regulators in the United States have turned from introspection to confession after the high-profile bank failures in March. The New York Department of Financial Services (NYDFS) published its internal review of Signature Bank supervision on April 28, the same day the U.S. Federal Reserve Board released its review of
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Bitcoin (BTC) stayed choppy at the April 28 Wall Street open while United States macro data conformed to expectations.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPCE offers "nothing to shock"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating around the $29,000 mark on Bitstamp.U.S. Personal Consumption Expenditures (PCE) Index data,
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On April 26, the United States House of Representatives passed a bill to increase the U.S. debt ceiling. This led analysts to weigh its potential impact on the price of Bitcoin (BTC), ranging from highly bearish to overly bullish.Ultimately, U.S. dollar liquidity is the key to both of these opposing viewpoints.“Deflationary
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Investment banking giant JPMorgan has reportedly unveiled an artificial intelligence (AI) tool to analyze Federal Reserve statements and speeches to detect potential trading signals.On April 27, Bloomberg reported the Wall Street investment bank is using a ChatGPT-based language model to digest comments from United States central bankers.These Fed policy signals
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