Time To Dump Bitcoin? Economist Predicts Massive ‘Sell The News’ Event
Market participants are eagerly awaiting the upcoming Federal Open Market Committee (FOMC) meeting, which is expected to play a crucial role in shaping the short-term outlook for Bitcoin and other digital assets. The spotlight is on the potential for an interest rate cut, and many traders and investors have been speculating about it for some […]
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A Bank of America economist, Tatonga Rusike, has said the Nigerian currency is overvalued by as much as 20% and will likely be devalued in 2030. The remarks by the economist came just days after the currency’s exchange rate reportedly touched a new low of just under 750 naira for every U.S. dollar on the parallel market. Currency Fair Value Analysis According to a Bank of America economist, Tatonga Rusike, the Nigerian currency, which has officially stayed below the 450:1 mark since May 2021, is overvalued by 20% and he expects it to be devalued by as much in 2023. In his October 18....
Analysts caution against a potential “buy the rumor, sell the news” pullback for ETH while historical data shows that the price tends to rise following major network upgrades. Ethereum advocates are bubbling with anticipation over the upcoming London hardfork which is scheduled to take place at block height 12,965,000 on Aug. 5.Data from Cointelegraph Markets Pro and TradingView shows that the price of Ether rallied from a low at $2,450 in the early hours on August 4 to an intraday high at $2,772 for an 8.2% gain on the day.ETH/USDT 4-hour chart. Source: TradingViewOne of the most common....
Gold bug and economist Peter Schiff says there are two possible outcomes of the Federal Reserve’s action on the U.S. economy. One outcome leads to “a massive financial crisis and severe recession” as stocks, bonds, and real estate crash. In the second outcome, “the world will run away from the dollar,” the economist stressed. Peter Schiff on U.S. Economy: Two Possible Outcomes Gold bug and economist Peter Schiff continued to share his view on the U.S. economy and the Federal Reserve’s efforts to bring down inflation this week. Regarding where the U.S.....
Cardano smart contracts upgrade is almost upon us. With just three days left, there is a lot of speculation as to what the price of the digital asset will do until then. The weeks leading up to the launch have seen the asset hit multiple new all-time highs. That is until the crash that rocked the market on September 7th. Cardano suffered an 18% flash crash that saw it lose most of its gains for the previous weeks. Now, with the market still reeling from the crash, the digital asset has begun to regain some of the lost value. But at a much slower pace. One news that has helped to hold the....
The anticipated approval of a spot Bitcoin Exchange Traded Fund (ETF) has dominated discussions among traders, analysts, and market observers over the past few days. With many speculating on the potential impact, the age-old strategy of “buy the rumor, sell the news” has been at the forefront of many conversations. Will the strategy push the […]