Tag: Economy

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Federal Reserve Cuts Rates, Bitcoin Price Hits Record High Amid Powell’s Assurance on Policy

The U.S. Federal Reserve recently made a decision to reduce its benchmark fed funds rate by 25 basis points to 4.5%-4.75%, in line with expectations from the market. This move follows similar actions taken...
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Stablecoins: The Key to Global Trade Stability

Circle CEO Jeremy Allaire believes that stablecoins have the potential to revolutionize global trade and enhance efficiency in emerging markets. Speaking at the Hong Kong FinTech Week 2024, Allaire emphasized the role of stablecoins,...
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US Markets and Bitcoin Rally Ahead of Elections: What to Expect

US Markets and Bitcoin Rally Ahead of Elections: What to ExpectAs the US presidential election draws near, experts like Tom Lee from Fundstrat Global Advisors and analysts from Bernstein are optimistic about the future...
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Crypto Investors Await US Election Outcome for Volatility Clarity

Crypto investors are eagerly waiting for the outcome of the US election to gain clarity on market volatility. According to the latest "Bitfinex Alpha" report, the crypto market is experiencing low volatility as investors...
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Liquidity Drives Global Market Movement in the US

The global market movement in the US is currently being driven by liquidity, according to recent reports. Liquidity refers to the ease with which assets can be bought or sold without causing a significant...
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Bitcoin as Reserve Currency to Strengthen the Dollar

Senator Cynthia Lummis from Wyoming recently stated that incorporating Bitcoin into the US financial system could potentially strengthen the US dollar and help it maintain its global dominance. During an interview on Fox Business,...
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Federal Reserve Boosts Balance Sheet Amid Rate Cut Speculation

The Federal Reserve's balance sheet has seen an increase of $2.6 billion, bringing it to $7.2 trillion. This rise comes amidst speculation about a potential rate cut as inflation cools. Despite the Fed's efforts...
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Iran to Launch Public Digital Rial CBDC Pilot Program – CoinJournal

Iran is taking a big step in the world of digital currency with the launch of the Digital Rial, a central bank digital currency (CBDC). The Central Bank of Iran (CBI) has announced that...