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Strategists at UBS Investment Bank are forecasting massive interest rate cuts by the U.S. central bank, and this is seen as bullish for Bitcoin. The decreasing inflation, according to UBS, makes it possible for the U.S. central bank (Federal Reserve) to begin reducing interest rates as early as March. This
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Shiba Inu (SHIB) finds itself in a curious position as it experiences minor dips in its 24-hour trading value, diverging from the
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Fed Chair Jerome Powell said that if is required, they won’t hesitate to rise interest rates further in order to bring the inflation to its desired target of 2%. On Thursday, November 9, while speaking at an International Monetary Fund audience in Washington D.C., Fed chair Jerome Powell said that
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Shiba Inu has seen its burn rate basically flatlined in the last after recording one of its highest jumps in history. The
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Analysts are expecting the Fed to pivot by March 2024 and begin the first rate cuts. Bitcoin and the crypto market are expected to rally in this scenario. Bitcoin (BTC) has maintained its position with the price around the $35,000 mark for the past 24 hours, with some attributing this
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The Shiba Inu community burn rate has seen a significant decline over the last few days. The burn rate which had been
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The New York Attorney General filed early Thursday a lawsuit against Genesis, Gemini and DCG for allegedly defrauding investors of $1 billion. Source
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The U.S. 30-year Treasury bond is on pace to close above 5% for the first time in more than 16 years. Original Source
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The UK Chancellor of the Exchequer Jeremy Hunt is optimistic that inflation would ease. UK inflation came in for September at 6.7%, higher than expectations set by analysts. Also, inflation in the UK remained unchanged from August. While inflation remained unaltered, the UK’s headline consumer price index (CPI) met expectations from economists
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According to technical analysis by Fairlead Strategies, it’s likely to continue in the coming days, reversing the decline from 60% to 40% seen during the hazy crypto bull market days of March-April 2021. Investors then rotated money from the relatively expensive bitcoin into altcoins, leading to a decline in BTC's
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