Expert Sees 80% Chance Of September Rate Cut—What It Means For Crypto
The Bitcoin and the crypto market witnessed significant volatility on Friday, August 22, rallying hard on the back of the Federal Reserve Chair Jerome Powell’s speech at Jackson Hole. Powell suggested a possible shift in the US policy direction, hinting that the interest rates could soon be cut. This speech triggered volatility in the risk […]
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With the Federal Reserve’s rate cut only a few days away, a crypto expert has shed light on the aftermath of Bitcoin‘s performance once the interest rate is decreased, particularly on September 18, which has been a major discussion within the general community. Bitcoin’s Short-Term Panic Is A “High Probability” In a cautionary post on […]
Last week, Federal Reverse Chairman Jerome Powell set the crypto community on fire after speaking at the annual Jackson Hold economic symposium. During his speech, Powell had hinted toward possible rate cuts that could happen in the month of September, and since rate cuts have been historically bullish for risk assets, this quickly triggered a […]
FED Chair Jerome Powell spoke at Jackson Hole on August 22, addressing rate cuts, inflation, and the labor market. Powell’s Friday appearance turned out to be a bonanza for intraday stock traders and crypto investors, as both the NASDAQ and major cryptos surged after he hinted at a possible September rate cut. Powell noted that […]
With the latest price drop in the first half of this month, Ethereum has reached a new low. Ethereum, as of late, has been estimated to be worth around $1,420. Ethereum’s future, though, appears to be gloomier at the moment. The current price of one ether is below the 61.80 Fibonacci level, which is somewhere around $1,340 at the time of this writing. Any progress made since early September has been lost in the recent market downturn. The coin still has some chance of being salvaged, though. There has been a lot of volatility in the financial markets since the market crash on....
The reduced difficulty allows Bitcoin miners to confirm transactions using lower resources, enabling smaller miners a fighting chance to earn the mining rewards. The difficulty in mining a block of Bitcoin (BTC) was reduced further by 5% to 27.693 trillion as network difficulty maintains its three-month-long downward streak ever since reaching an all-time high of 31.251 trillion back in May 2022. Network difficulty is a means devised by Bitcoin creator Satoshi Nakamoto to ensure the legitimacy of all transactions using raw computing power. The reduced difficulty allows Bitcoin miners to....