Fed Meeting Decision Looks Baked, But Outlook Is Far From Certain
The Federal Open Markets Committee (FOMC) is holding its two-day, closed-door meeting to discuss rising inflation starting today. Source
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outlook
Liquidity has driven DeFi’s growth to date, so what’s the future outlook?
In mid-February 2020, the total value locked within decentralized finance (DeFi) applications first exceeded $1 billion. Fueled by the DeFi summer of 2020, it wouldn’t even take a year before it multiplied 20-fold to reach $20 billion and only another ten months to reach $200 billion. Given the pace of
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Billionaire Investor Says Crypto Outlook Is ‘Very Bullish’ For Bitcoin
Billionaire Bill Miller, a seasoned billionaire investor, explains why he believes the current crypto outlook is very positive for Bitcoin. Miller likens Bitcoin to digital gold when it comes to the digital currency. Other cryptos are simply “adventure investments” since they lack the uniqueness of Bitcoin, he said. A fund manager, Miller
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Coinbase’s Q4 Trading Volumes Set to Increase but Outlook Could Get Gloomy Amid Volatility
“This marketing strategy worked, and the implication is Coinbase could have just signed up enormous new users in 1Q22, at a reasonable cost,” according to Oppenheimer’s Owen Lau. Lau, who maintains an outperform recommendation on the stock, said in a note to clients that this may lead to a jump
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Coinbase Beats Q4 Estimates, but Shares Fall on Outlook
For 2022, Coinbase said it expects annual average retail MTUs of between five million to 15 million. "This wider than normal set of factors results in a wider range of potential outcomes for 2022. Simply put, we have less near-term visibility, and it is currently too early to provide a
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FTX CEO weighs in on Bitcoin market outlook amid Ukraine crisis
The world woke up to a “sea of red” which was not necessarily limited to the financial markets, as Russia declared war on Ukraine early Thursday.The traditional financial markets along with the crypto markets were sliding bearish for the past week and saw a rapid decline early on Thursday. Apart
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SAND Token, Below 200-Day MA, Joins Broader Crypto Market in Gloomy Outlook
Bitcoin, the top cryptocurrency by market value, dropped under the average in late December. A week later, ether, the second largest, and play-to-earn game Axie Infinity's AXS coin followed suit. Heavyweights from other sub-sectors like UNI, LINK, XMR, AAVE, PERP and YFI also fell below their 200-day MAs early this
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On-chain metrics hint at a bearish outlook for Bitcoin
Blockchain analytics provider Glassnode has depicted a bearish scenario for Bitcoin as on-chain metrics suggest increased selling pressure is imminent.In its weekly analytics report on Feb. 21, on-chain metrics firm Glassnode said that Bitcoin bulls “face a number of headwinds,” referring to increasingly bearish network data.The researchers pointed at the
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Ryanair Posts Quarterly Loss of €96M Atop “Hugely Uncertain” Year Outlook
Ryanair hopes to improve its operational outlook in the coming years with the plans to acquire some new jets from Boeing.Swords, Ireland-based budget airline Ryanair Holdings plc (NASDAQ: RYAAY) has released its last quarterly report and outlook, posting a loss of €96 million ($107 million). The loss was better than
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Solana, Avalanche Post Biggest Declines After Hawkish Fed Outlook
The slight recovery in the crypto markets this week all but retracted as major cryptocurrencies dipped up to 7% in the past 24 hours amid a hawkish U.S. Federal Reserve (Fed) outlook to cut back on inflation.In a Wednesday meeting, Fed Chairman Jerome Powell said the agency was ready to
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