Analysis News TheBitTimes.com

During an important cabinet meeting taking place today, US President Trump has reportedly said he hopes that Federal Reserve Chair Jerome Powell will lower interest rates. Indeed, Trump expressed his dissatisfaction with the Central Bank’s decision to keep interest rates unchanged in March. The Federal Reserve has been fighting against inflation for the better part of two years. In a post-COVID economy, it had gotten that figure down closer to its 2% target. However, concerns surrounding the US economy’s trajectory led them to halt those efforts this month. Now, it is beginning to create a clash between Chair Powell and the 47th President. JUST IN: President Trump says he hopes Fed Chair Jerome Powell lowers interest rates. — Watcher.Guru (@WatcherGuru) March 24, 2025 Also Read: UAE Commits to 10-Year, $1.4T Investment in US After Trump Meeting President Trump Reiterates Desire for Federal Reserve to Lower Interest Rates The US economy has been stuck in a rather concerning ...

Inflationary pressures have once again come under the spotlight as the U.S. released its latest Producer Price Index (PPI) data on October 11, 2024, for the month of September. According to the latest data from the Labor Department , the PPI remained flat on a month-over-month basis, defying expectations of a 0.1% increase. However, on a year-over-year basis, PPI rose by 1.8%, slightly exceeding the forecast of 1.6%. Similarly, the U.S. Consumer Price Index (CPI) data showed that inflation remains sticky. On a monthly basis, CPI came in at 0.2%, the same as in August and July. Year-over-year inflation cooled slightly to 2.4%, down from 2.5% in August, but above the market expectation of 2.3%. Picks for you Chinese stocks register big losses as China’s stimulus cools down 3 hours ago ...

$9 trillion asset management company BlackRock says the Federal Reserve’s interest rate cuts will not be as deep as the market expects. BlackRock Investment Institute wrote in a note Monday that a resilient economy and inflation remaining sticky may hamper the Fed from making a steep interest rate cut. JUST IN: BlackRock says the Federal Reserve's interest rate cuts will not be as deep as the market expects. — Watcher.Guru (@WatcherGuru) September 16, 2024 The Federal Reserve will decide this week whether it will cut interest rates for the first time in four years. The US has been fighting a difficult battle with inflation since the end of the COVID-19 pandemic. That battle temporarily led to a year-long streak of interest hikes monthly. However, it is expected that the Fed will finally make its first cuts, after leaving interest rates unchanged throughout the summer. BlackRock wrote that a reduction in interest rates of this magnitude reflects recession fears that are over...

Bitcoin fell 3% in just over an hour following the latest Consumer Price Index (CPI) data, which came in below expectations. BTC spiked to almost $62K on the back of the CPI print, but has since retraced below the psychological $60K mark to trade at $59,309.52 as of 9:25 a.m. EST. Inflation Slowing To Lowest Rate In 3 Years The CPI increased 0.2% on a seasonally adjusted basis after it declined 0.1% in June. Throughout the past 12 months, the index rose 2.9% before seasonal adjustment. This came in just below the 3% rise that economist’s had anticipated. The main reason for the increase was rising housing costs. Looking at just energy and food shows that the core CPI increased by 0.2% monthly and 3.2% annually, which was in line with expectations. The annual rate is also the lowest it has been since March 2021. Similarly, the core rate has come in the lowest it has been since April of the same year. Bitcoin Could Still Drop To $55K, Warns Analyst Commenting on BTC’s...

Ethereum’s (ETH) circulating supply has increased by over 37,000 ETH in the last 30 days following the Dencun upgrade . This resulted in a 0.38% monthly inflation for the leading Web3 network, which has been deflationary since January 2023. The Ethereum network activated the Dencun upgrade on March 13, 2024, with the EIP-4844. Dencun significantly reduces transaction costs on Ethereum’s Layer-2 through “proto-danksharding.” Notably, this enhancement makes Ethereum more efficient and cost-effective for users, marking a major step forward in ETH’s adoption. Conversely, it also diminishes the burned amount of the supply from the gas fees, which had made Ethereum deflationary. Picks for you Can SOL flip ETH? Solana surpasses Ethereum in DEX volume 34 mins ago ‘Nvidia of crypto’ rockets 40% in a week, adding over $1 billion 1 hour ago Ripple v. SEC case update as of May 10, 2024 1 hour ago StaFi LSaaS Stack now supports EigenLaye...

The SEC’s nod to Bitcoin ETFs offers a new financial avenue against the backdrop of soaring U.S. national debt. The recent approval of Bitcoin ETFs by the Securities and Exchange Commission (SEC) marks a pivotal moment for cryptocurrencies in the United States. Avik, an analyst for Forbes, articulates that Americans can now purchase Bitcoin as a hedge against a potentially weakening U.S. dollar, which is under strain from the escalating federal debt. The SEC’s decision ensures the longevity of this alternative financial instrument. According to @truflation. US year on year inflation is now sub 2%. Sitting at 1.89%. While the US Govt is reporting 3.4%. Perfect timing for an election year, $8T of debt refinancing and the #Bitcoin halving. Expect to see “shocking” lower numbers into Q2 leading to a rapid… pic.twitter.com/laIIGL3RtE — British HODL ️‍️‍ (@BritishHodl) January 20, 2024 Forbes elaborates on this perspective, explaining that the SEC’s approval ma...

The losses on US Treasuries recently surpassed $1.5 trillion and the likely outcome is turbulent markets, but how will Bitcoin price fare? The U.S. economy has been facing turbulent times lately, with the U.S. personal consumption expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the volatile food and energy sectors, it's evident that the efforts made by the U.S. Federal Reserve to curb inflation have fallen short of their 2% target rate. U.S. Treasuries have lost a staggering $1.5 trillion in value, primarily due to these rate hikes. This has led investors to question whether Bitcoin (BTC) and risk-on assets, including the stock market , will succumb to heightened interest rates and a monetary policy aimed at cooling economic growth. Theoretical losses of U.S. Treasury holders, USD. Source: @JoeConsorti As the U.S. Treasury keeps flooding the market with debt, there's a real risk that rates could climb even highe...

Marcel Pechman explains the myth of excess cash in U.S. households and the lack of sufficient savings, and how a U.S. government shutdown could impact Bitcoin. On the latest episode of Macro Markets , analyst Marcel Pechman examines the current state of the American economy. He references a headline from Barron’s that highlights the disparity between people’s perception of the economy and the objective data. Pechman delves into the concept of excess savings, agreeing with Barron’s that a significant portion of the United States population lacks sufficient savings for retirement, potentially necessitating longer working years. He notes that household wealth in the U.S. has reached new heights, primarily due to surges in equities and real estate assets.  Shifting his focus, Pechman discusses rising concerns among U.S. consumers about increasing prices, particularly the cost of filling up their vehicles with gasoline. He connects this to the recent surge in U.S. crude futures, influenced...

It's all about macroeconomic data this Valentine's Day as Bitcoin bulls face a test from a familiar source. Bitcoin (BTC) saw ongoing rejection below $22,000 into Feb. 14 as markets braced for macroeconomic data impact. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin vs. CPI: "Expect volatility" Data from Cointelegraph Markets Pro and TradingView showed BTC/USD failing to expand beyond $21,800 ahead of the United States Consumer Price Index (CPI) print for January. Already called the “most important” CPI release, the data, due at 8:30am Eastern Time, is a classic volatility catalyst for risk assets. Crypto market participants thus expected a busy trading day, with both $19,000 and $25,000 on the table as potential targets depending on how far the results stay from estimates. “Will probably see that $24-25k Bitcoin pump if tomorrow morning's CPI number shows more dis Inflation in the positive direction,” Venturefounder, a contributor at on-chai...

The BTC futures premium remains a topic of concern, but it appears that traders are starting to price similar risks for the upside and downside. Traders might rejoice now that Bitcoin price ventured above $17,400, but twenty-seven long days have passed since Bitcoin (BTC) last breached the $17,250 resistance.  On December 13, after a two-week-long lateral movement, Bitcoin posted a 6.5% rally toward $18,000 and even though the current movement still lacks strength, traders believe that a retest of the $18,250 resistance remains possible. Bitcoin 12-hour price index, USD. Source: TradingView To start the week, the S&P 500 index rose to its highest level in twenty-six days on Jan. 9. Weak economic data had previously fueled investors' expectation of slower interest rate hikes by the U.S. Federal Reserve (FED) and the Jan. 12 Consumer Index Report (CPI) could lend some credence to this expectation. On Jan. 6, German retail sales data showed a 5.9% year-on-year contraction took p...