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“#Nouriel Roubini predicts Fed will ‘wimp out’ on raising rates” Economist Nouriel Roubini predicted the downfall of the US housing market in 2008. Now he’s predicting the Federal Reserve will “wimp out” when it comes to raising rates. He said the Fed won’t have the guts to put the brakes on the economy even as…
“# US debt ceiling crisis: A catalyst for crypto’s ultimate decoupling? ” The United States federal government’s default on its debt has been averted — at least for now. On Oct. 7, the Senate voted to increase the debt limit by $480 billion, a sum needed for the world’s biggest borrower to keep paying off…
“# Institutions buying Bitcoin rather than gold as inflation cranks up: JPMorgan ” Bitcoin (BTC) has led a 35% rally this week by soaring far above the $50,000 resistance level and restoring a $1 trillion market capitalization to the asset. According to a note shared by JPMorgan with clients on Thursday, the recent increase in…
“#Cost of inflation to American household: extra $175 a month” Over the past couple of months, Allison, a wife and mother of a toddler and teenager in Chicago, says she’s been spending about $50 more each week on groceries to feed her family — and that’s at a discount supermarket chain, Aldi’s. “I used to…
“#This is a tax you pay for Biden and Dems’ reckless spending” $175 a month. That’s the hidden tax the average American household is paying for the Biden economy. Some of this is indeed “transitory,” as Federal Reserve officials like to say. The COVID-19 pandemic did a number on supply chains around the world. Workers…
“# 3 factors that can send Ethereum price to 100% gains in Q4 ” Ethereum’s native token Ether (ETH) has the potential to double its market valuation in the coming months, thanks to a confluence of supportive technical and fundamental indicators. Ether price soared by more than 9% Friday to hit nearly $3,300 for the…
“# Bitcoin price eyes $50K as the US Dollar retreats after hitting its one-year high ” Bitcoin (BTC) looks to reclaim $45,000 on Oct. 1 as the U.S dollar retreated lower after hitting its one-year high. Bitcoin’s tight inverse correlation with the greenback over the past month suggests that a weakening dollar could push BTC…
“# Ethereum miners are hoarding a record $70B in ETH following EIP-1559 activation ” An on-chain study released by Kraken Intelligence highlighted strong accumulation behavior among Ethereum miners even as they faced the prospects of generating lower revenue following a major network upgrade on Aug. 5, 2021. Ethereum miners accumulated an additional 2 million Ether…
“# Bitcoin yet to prove inflation hedge status, but the time may come soon ” For years, the narrative surrounding Bitcoin (BTC) has been one which has portrayed the digital asset as being a hedge against monetary inflation. This is because inflation figures have been on the rise across the board over the last couple…
“# Data doesn’t show Bitcoin as an inflation hedge at present, according to Chainalysis ” Data from blockchain analytics firm Chainalysis suggests that Bitcoin (BTC) may not be the hedge against inflation that many seem to believe it is. “Right now, we can’t show a statistically significant correlation between inflation in the US and Bitcoin prices, but we…