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The Dow Jones stumbled on Thursday after another dire jobless claims report. Speculative trading is dominating retail investment platforms, while seasoned stock market investors sit on the sidelines. The Federal Reserve may discuss negative rates this month. The Dow Jones went nowhere on Thursday after another miserable jobless claims report snapped the U.S.
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[sociallocker id="55298"] For the first time since October 2019, Federal Reserve Chair Jerome Powell admitted to leveraging quantitative easing (QE) tactics. Powell explained on Friday, the central bank is now comfortable with leveraging QE on a regular basis. Furthermore, the Fed is planning on utilizing negative interest rates in
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A report claims that negative interest rates present Bitcoin (BTC) with a unique opportunity.The May 14 report, published by Stack Funds, stipulates that if the interest rates in the U.S. turn negative in the near future, it will force market participants to look for alternatives to traditional assets. This could
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Bitcoin has ended a four-day losing trend and is trading steady around $9,000 amid rising speculation the U.S. could eventually adopt negative interest rates.The top cryptocurrency by market value rose nearly 3% on Tuesday, having suffered losses in the preceding four day – the longest daily losing run in over
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Rising Bitcoin demand ahead of its mining reward halving has driven Ethereum prices to two-month lows.The second-largest cryptocurrency fell more than 16 percent against Bitcoin from its April 18 top.Traders are trying to gauge the bottom for ETH/BTC amidst the halving FOMO.Ethereum spot rates have plunged following three weeks of continues
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Despite the roaring recovery in the S&P 500, crypto, and other markets, many facets of the global economy remain in recession. Dozens of millions are unemployed, consumer spending is down, and the global supply chain has come to a screeching halt.With cashflows going negative around the world, meaning firms are
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Clients of one crypto lending company may soon notice some changes in response to the recent drops in the market. Starting on April 1, BlockFi will be raising the interest account rates on Bitcoin (BTC) and Ether (ETH). According to CEO Zac Prince, BlockFi users holding between 0-5 BTC now will
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The outbreak of the coronavirus has had a significant impact on markets, and cryptocurrencies have not been spared either. Over the weekend, the US Federal Reserve was forced to slash interest rates to almost zero, but that didn’t help Bitcoin (BTC), which dropped below $5,000. Bitcoin (BTC) Drops Below $5,000 The largest
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In the past hour Bitcoin (BTC) price perked up and rallied 14.33% to a daily high at $5,940. The strong upside move allowed the price to break out of the tight $5,070-$5,520 range but at the time of writing the price is pulling back below into its previous trading
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A blockchain lending firm has seen the value of total loans funded surge to $1 billion since the United States Federal Reserve announced its emergency stimulus interest rate cut last week.In an announcement on March 10, Figure Technologies — which claims to be the industry’s first fintech to bring
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