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” Avalanche price can double by summer as AVAX’s 20% weekly rally rekindles ‘bull flag’ “ A sharp upside retracement in the Avalanche (AVAX) market this week has raised its possibilities to rise by another 100% in Q2. Avalanche chart painting a ‘bull flag’ The bullish outlook primarily appears in the wake of AVAX’s multi-month…
” Bitcoin bulls to defend $40K leading into Friday’s $760M options expiry “ Over the past two months, Bitcoin (BTC) has respected a slightly ascending trend, bouncing multiple times from its support. Even though that might sound positive, Bitcoin’s performance year-to-date remains a lackluster negative 14%. On the other hand, the Bloomberg Commodity Index (BCOM)…
“Fed Reserve raises interest rates in bid to tame inflation” The Federal Reserve raised interest rates by 0.25% on Wednesday after a two-day policy meeting — the first time since 2018 that the central bank has hiked rates in an effort to get inflation under control. The Fed also indicated it will raise rates several…
“The Fed must raise rates to choke off the inflation it created” Jerome Powell could begin to fix the mess he helped create even if it might upset the markets for a bit. He could raise short-term interest rates higher than investors have priced in and announce that inflation is so bad that the Fed…
” Biden’s pick for Fed vice chair for supervision withdraws amid Republican objections “ Former Federal Reserve Board governor Sarah Bloom Raskin has withdrawn her name for consideration as the central bank’s vice chair for supervision in an attempt to allow other nominations to move forward. According to a Tuesday tweet from Washington Post journalist…
” Bitcoin risks final ‘bear market capitulation’ as rich investors continue BTC selloff — analyst “ Bitcoin (BTC) could undergo one last bear market capitulation if “whales” — addresses that hold more than $1 million worth of Bitcoin — ramp up their selling pressure, according to on-chain analyst Willy Woo. Room for another Bitcoin drop?…
” BTC price struggles below $39K ahead of expected interest rate hike by the Fed “ The blockchain community got a bit of good news on March 14 after regulators in the European Parliament’s Committee on Economic and Monetary Affairs rejected a ban on proof-of-work (PoW) based cryptocurrencies like Bitcoin (BTC) that would have had significant…
“Russia-Ukraine war likely pushes inflation to 10%: economist” US inflation will likely hit double digits this summer as the ripple effects of the Russian invasion of Ukraine lead to further financial pain for American households, according to famed economist Mohamed El-Erian. El-Erian issued the dire warning just days after federal data showed inflation hit a…
“Inflation is bad now — but the Fed could return us to the ’70s” So much for Federal Reserve Chairman Jerome Powell’s repeated assurances last year that inflation would prove to be but a transitory phenomenon. So much too for our hopes that it will be smooth sailing ahead for the economy, the stock market and…
” Softer-than-expected crypto regulation and stocks’ rebound position Bitcoin for a $42K close “ Bitcoin (BTC) bulls jumped in to defend the $40,000 level after a devastating retest of the $38,000 support on March 7. The confidence and momentum that was building up earlier in the month was suddenly shattered after BTC failed to break…