The latest decisions taken by Beijing to revitalize the Chinese economy are having a noteworthy impact on the international market. China’s economy, the second largest worldwide, has a lot of ramifications, particularly for Western businesses who have a lot of exposure to the area. Let’s examine how this stimulus can …
Read More »Bitcoin Nears Key Breakout as Global Monetary Easing Boosts Risk Appetite
Bitcoin’s price surged on Wednesday, driven by a wave of global monetary easing that funneled more investments into risk-driven assets. The world’s largest cryptocurrency is now eyeing a major breakout, supported by recent stimulus measures from China and expectations of interest rate cuts from both the Swiss and Swedish central …
Read More »Bitcoin Extends Gains to One-Month High Amid Fed Rate Cut Optimism, Eyes More Economic Cues This Week
Bitcoin continued its upward momentum on Monday, reaching a one-month high as traders reacted positively to the Federal Reserve’s recent interest rate cut. However, trading volumes were subdued due to a market holiday in Japan and the anticipation of more economic signals in the coming days. Bitcoin rose 1.3% to …
Read More »Bitcoin Rises to Three-Week High as Fed Rate Cut Spurs Risk Appetite
Bitcoin’s price surged to a three-week high on Friday, driven by improved risk appetite following the Federal Reserve’s significant interest rate cut. The world’s largest cryptocurrency gained momentum, rising in tandem with broader risk-driven markets like stocks. Other cryptocurrencies also posted gains, with Bitcoin leading the rally and setting the …
Read More »Bitcoin Rises After Fed’s Rate Cut, But Less Dovish Outlook Caps Gains
Bitcoin’s price surged on Thursday following the Federal Reserve’s significant interest rate cut, which signaled the beginning of a potential easing cycle. The world’s largest cryptocurrency rose by 2.9% to $61,985 by 01:41 ET (05:41 GMT), briefly reaching a high of $62,539. Despite breaking out of the long-standing $50,000 to …
Read More »Bitcoin Rises Following Tech Rally, But Remains Volatile Amid U.S. Election and Inflation Concerns
Bitcoin’s price saw an uptick on Thursday, climbing 2.8% to $58,115.9 by 01:16 ET (05:16 GMT), tracking gains in broader risk-driven markets, especially tech stocks. Despite this recovery, the cryptocurrency remains fragile after suffering significant losses the previous week. Strength in the U.S. dollar, driven by a stronger-than-expected consumer price …
Read More »Bitcoin Falls Amid Heated Presidential Debate, Crypto Markets Weigh Uncertainty
Bitcoin’s price dropped on Wednesday, following a broader sell-off in risk assets as the contentious U.S. presidential debate increased concerns about the upcoming 2024 election. The cryptocurrency slipped 1.2%, reaching $56,258.6 by 05:58 GMT, while the broader crypto market also saw declines. Bitcoin turned negative after the conclusion of the …
Read More »Bitcoin Rebounds as Bargain Buyers Step In, but Gains Limited by Inflation Data Concerns
Bitcoin’s price rose by 3.4% on Tuesday, reaching $56,715.3 at 01:16 ET (05:16 GMT), as bargain hunters moved into cryptocurrency markets after last week’s steep losses. However, the rebound was restrained by caution ahead of key U.S. inflation data expected this week, with ongoing capital outflows indicating that overall market …
Read More »Bitcoin Slips as U.S. Economic Data Fuels Concerns Over Potential Federal Reserve Rate Cut
Bitcoin’s price declined on Wednesday as investors assessed the implications of weaker U.S. manufacturing data and anticipated key labor market reports that could influence the Federal Reserve’s upcoming interest rate decision. Investor sentiment was dampened by the latest results from the Institute for Supply Management (ISM), which showed a decline …
Read More »Bitcoin Gains Ground as Investors Anticipate Key Economic Data
Bitcoin’s price saw a notable increase on Tuesday, recovering from previous declines as investors awaited significant economic data this week. By 04:37 ET (08:37 GMT), Bitcoin had risen by 2.5% to $58,999.7, following relatively low trading volumes on Monday due to the U.S. Labor Day holiday. The world’s largest cryptocurrency …
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