# Why is the crypto market down today?

# Why is the crypto market down today?

” Why is the crypto market down today? “ Crypto prices keep falling, but why? This year’s market crash has turned most winning portfolios into net losers, and new investors are probably losing hope in Bitcoin (BTC). Investors know that cryptocurrencies exhibit higher than average volatility, but this year’s drawdown has been extreme. After hitting…

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# Jerome Powell is prolonging our economic agony

# Jerome Powell is prolonging our economic agony

” Jerome Powell is prolonging our economic agony “ Can we all agree that the Federal Reserve has a plan to combat runaway inflation? They do. Chair Jerome Powell has all but admitted it. After tempering his comments before previous rate hikes, allowing wiggle room which gave way to market rebounds, Powell has left no…

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#Playing Powell-itics as inflation target in perit

#Playing Powell-itics as inflation target in perit

“Playing Powell-itics as inflation target in perit” Federal Reserve officials are not mincing words: The central bank and its chair, Jerome Powell, believe the 2% inflation target is sacrosanct and will risk a recession and bear market to get there. So why are markets rallying hard — as if Powell is about to soon cut…

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#Economist Nouriel Roubini calls predictions for shallow recession ‘delusional’

#Economist Nouriel Roubini calls predictions for shallow recession ‘delusional’

“Economist Nouriel Roubini calls predictions for shallow recession ‘delusional’” Economist Nouriel Roubini, who correctly predicted the 2008 financial crisis, believes the US is heading towards a deep recession and said those claiming the downturn will be mild are “delusional.” “There are many reasons why we are going to have a severe recession and a severe…

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# Analysts say Bitcoin range ‘consolidation’ is most likely until a ‘macro catalyst’ emerges

# Analysts say Bitcoin range ‘consolidation’ is most likely until a ‘macro catalyst’ emerges

” Analysts say Bitcoin range ‘consolidation’ is most likely until a ‘macro catalyst’ emerges “ From a historical perspective, the loss in value realized across the cryptocurrency market over the past several months has been one for the record books and the total cryptocurrency market cap has declined from $3 trillion to $991 million.  June…

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#Inflation fears drove Fed to sharply hike rates: minutes

#Inflation fears drove Fed to sharply hike rates: minutes

“Inflation fears drove Fed to sharply hike rates: minutes” Federal Reserve officials were concerned at their meeting last month that consumers were increasingly anticipating higher inflation, and they signaled that much higher interest rates could be needed to restrain it. The policymakers also acknowledged, in minutes from their June 14-15 meeting released Wednesday, that their rate hikes could weaken…

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