The U.S. economy grew at a steady annualized rate of 2.8% in the third quarter, according to the Commerce Department’s second estimate released on Wednesday. The figure remains unchanged from the initial estimate, reflecting solid consumer spending and a favorable contribution from business investment. Key Highlights GDP Growth: The third-quarter …
Read More »Bitcoin Miners’ Struggles Drive Crypto Sell
Bitcoin’s downward spiral continues, plummeting to the $62,300 range as the new week begins. This latest sell-off is attributed to the financial strain on Bitcoin miners, who have offloaded over $2 billion worth of Bitcoin this month to offset dwindling revenues. The root of the miners’ woes lies in the …
Read More »US Economy: From Recession Fears to Growth, What’s Next?
The US economy surprised many analysts and investors in 2024 by shifting from early fears of a potential recession into a period of resilience and growth. The Federal Reserve, which initially expected to cut rates multiple times this year, has revised its stance to just one cut. So, what does …
Read More »What’s Behind Bitcoin’s Recent Rally?
Bitcoin price has rallied to the $70,000 mark, indicating a potential bull market. Analysts believe that the majority of on-chain indicators point to a nascent bull market, despite some showing topping patterns. The recent support bounce near $60,000 has sparked increased interest, with Farside Investors reporting approximately $950 million in …
Read More »Will stock market’s rally continue?
Tuesday saw gains in the US market indices as worries and concerns over the country’s economy, lest it should fall into a recession, eased further. US economic figures indicated that recent data was the worst since February 2023. As a result, there is growing anticipation that the Fed will soon …
Read More »To what extent has liquidity levels recently impacted financial assets?
Over the last six months, financial market liquidity has played a major role in supporting credit and equities prices in spite of large fluctuations in Fed forecasts. But with April’s tax deadline drawing near, the liquidity situation is becoming less clear, which might cause uncertainty and increased volatility in the …
Read More »European Central Bank holds interest rates
The European Central Bank (ECB) decided to maintain interest rates at all-time highs following its governing council meeting in Frankfurt on Thursday. However, the ECB signaled a potential rate cut at its next meeting in June. The benchmark deposit rate was kept at 4 percent until policymakers were confident that …
Read More »Bitcoin Dips Below $62,000 Amidst Profit-Taking and ETF Outflows
Bitcoin witnessed a decline on Wednesday, March 20, slipping to the level of $62,000 following significant sell-offs subsequent to the cryptocurrency’s recent record high. According to CoinDesk data, Bitcoin traded slightly above $62,900, marking a decrease of approximately 2.5% over the previous 24 hours. Despite this downturn, Bitcoin has demonstrated …
Read More »Bitcoin retreats After Record High: Correction or More to Come?
On Tuesday, March 19, cryptocurrencies like Bitcoin and others were given a reality check. The market saw a correction last week after reaching a record high, with the price of Bitcoin falling by almost 6% in a single day. There are several variables that have combined to cause this decline. …
Read More »ECB to change how it supplies banks with vital liquidity
With the impending announcement of its Operational Framework Review, the European Central Bank (ECB) is approaching a pivotal point in its history. The guidelines guiding the ECB’s future liquidity injections into the commercial banking sector will be decided upon after this review. The framework is extremely important because it determines …
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