Tag: macro

Sep 21 2022

Fed announces 75 bps rate hike; Bitcoin tanks 6.5% on the news

Sep 21 2022 Published at CryptoSlate under tags  featured macro

The U.S. Federal Reserve raised interest rates by 75 basis points after the Federal Open Market Committee (FOMC) meeting on Sept. 21, bringing the Federal Funds Rate to 3.25%. Bitcoin reacted with a 6.5% swing to the downside that bottomed at $18,600. Expectations of a "jumbo hike" fulfilled On Sept. 13, the Bureau of Labor Statistics released Consumer Price Index (CPI)...

Here’s how the cryptocurrency market can overcome its macroeconomic woes

Sep 21 2022 Published at CryptoSlate under tags  adoption guest post macro

Crypto investors are treading a tightrope this year, which looks to extend into the longest bear cycle in crypto history. This anxiety may seem worn out for crypto veterans, but have we entered completely new territory this year? First, let’s establish the proper point of reference by revisiting past bear cycles manifesting through Bitcoin price falls. Bitcoin’s Bear Road Examined At 13 years...

Sep 19 2022

Major sell-off sees total crypto market cap dip to $900B

Sep 19 2022 Published at CryptoSlate under tags  analysis bear market macro

The total crypto market cap is down 15% over the past seven days, dropping from $1.069 trillion to $903 billion at writing. Most of the losses came on Sunday, September 18, with a steady uptick in outflows beginning in the morning (UTC). This pattern continued into Monday morning, with the early hours seeing significant dips on the path down. A local bottom was...

Sep 13 2022

Bitcoin sinks as CPI inflation hits 8.3%, shortening odds of 3rd consecutive 75 bps hike

Sep 13 2022 Published at CryptoSlate under tags  macro price watch

The price of Bitcoin sank following the release of Consumer Price Index (CPI) data by the U.S. Bureau of Labor Statistics (BLS), showing a 0.1% increase in August, taking the unadjusted value to 8.3%. In response to last month's BLS CPI report, released on August 10, Bitcoin closed the day up 5% to $24,050. BTC has since been trending lower to form a...

Sep 12 2022

CryptoSlate Wrapped Daily: Bitcoin maximalist Poilievre becomes leader of Canada’s Conservative Party; USDT integrated with NEAR Protocol

Sep 12 2022 Published at CryptoSlate under tags  exchanges featured investments legal macro

The biggest news in the cryptoverse for Sept. 12 includes Bitcoin maximalist Pierre Poilievre being elected as the new leader of the Canadian Conservative Party; Tether USDT's integration with the NEAR Protocol; and seven privacy tokens that got delisted from Huobi. CryptoSlate Top Stories Bitcoin maxis bullish...

Sep 01 2022

Research: The Fed will huff and puff and blow your house down as it begins quantitative tightening

Quantitative easing (QE) has become synonymous with the COVID-19 pandemic as the blowout from the lockdowns stalled the growth of the global economy and threatened to turn into a financial crisis. To artificially create economic growth, central banks began buying up government bonds and other securities, while governments began expanding the money supply by printing more money. This was felt the most in...

Aug 26 2022

CryptoSlate Wrapped Daily: Fed’s Powell hawkish on inflation as BTC tumbles, Taliban ban crypto

Aug 26 2022 Published at CryptoSlate under tags  adoption bear market cbdcs macro people

The biggest news in the cryptosphere for Aug. 26 includes Federal Reserve Chairman Jerome Powell's indication that recovery from the burgeoning inflation levels is still far from being done, and another stablecoin losing its peg from the U.S. Dollar as the bear market continues. CryptoSlate Top Stories...

Federal Reserve Chair urges everyone to factor inflation into financial decisions during Jackson Hole conference

Aug 26 2022 Published at CryptoSlate under tags  bear market macro regulation

Federal Reserve Chairman Jerome Powell urged households and businesses to factor inflation into financial decisions as it will take time and effort to return inflation to ideal levels. Powell made the remarks in a speech during the annual economic policy conference in Jackson Hole. According to...

With the Merge, Will Ethereum Take Over Bitcoin’s Title as Digital Gold? – Ep. 389

Travis Kling, Chief Investment Officer at Ikigai Asset Management, talks about how ETH changes after the Merge, what factors are going to affect its price action, and whether it can decouple from traditional assets. Show highlights: how the supply and demand dynamics of ETH will change after the Merge why he believes the Merge is the most significant catalyst in crypto history what...

Aug 22 2022

Research: Will reducing US inflation from 8.3% to 2% compare to Bitcoin and Ethereum?

Aug 22 2022 Published at CryptoSlate under tags  macro research

Inflation is one of the most important global topics of 2022, with the U.S. hitting 8.3%, the UK as high as 10.1%, and countries such as Turkey seeing figures as high as 79.6%. These figures are well beyond the target rate of 2% inflation by the major central banks. Central banks...

Aug 20 2022

Research: What happens to our assets in a stagflationary environment? Will smart money eventually move into BTC?

Inflation has become one of the most pressing global economic issues today. Rising prices have drastically reduced both the overall wealth and the purchasing power of a huge chunk of the developed world. And while inflation certainly is one of the biggest drivers of economic crisis, a bigger danger looms around the corner — stagflation. Stagflation and its effect on the market First...

Aug 17 2022

Crypto.com eyes security via regulation as it secures UK FCA approval amid global compliance tour

Aug 17 2022 Published at CryptoSlate under tags  exchanges legal macro regulation

Major crypto exchange Crypto.com secured approval from the U.K. Financial Conduct Authority (FCA) in its most recent addition to its list of newly confirmed territories. While Crypto.com services were already available in the U.K., the FCA decision is a bullish indicator for the crypto industry overall. Crypto.com becomes one of just 37 crypto companies to be given official FCA approval,...

Aug 15 2022

What a complete yolk! Comparing Bitcoin to Eggs and why it matters

Aug 15 2022 Published at CryptoSlate under tags  adoption btc halving macro research

Let's talk about eggs. Eggs are a staple food for many around the world and one that has changed little since 1980. Free-range, grass-fed, organic; these are all changes and improvements to the egg industry, but the underlying product is fundamentally the same. However, the price of eggs has been far but consistent, as the data below from the St. Lois Fed indicates....

Aug 10 2022

Bitcoin spikes to $24,000 as CPI inflation remains unchanged at 8.5%

Aug 10 2022 Published at CryptoSlate under tags  macro price watch

The price of Bitcoin moved higher following the release of Consumer Price Index (CPI) data by the U.S. Bureau of Labor Statistics (BLS), showing no change in July. In anticipation of the data, Bitcoin rose from a local bottom of $22,600 on August 10 as investors awaited the inflation report. On the release of the information, BTC's initial reaction saw a spike to...

Aug 04 2022

Robinhood lays off nearly a quarter of its workforce amid crypto winter

Aug 04 2022 Published at CryptoSlate under tags  bear market earnings macro

Commission-free stock, options, and cryptocurrency trading platform Robinhood is getting rid of 23% of its workforce due to dipping revenues and a crypto bear market. Company CEO blames woes on rising inflation...

Jul 28 2022

Crypto shines in spite of dire macro conditions

Jul 28 2022 Published at CryptoSlate under tags  analysis investments macro trading

The recent market recovery has caught most by surprise, mainly because macro conditions have certainly not improved, most notoriously with the latest CPI data at 9.1% year over year – much higher than expected. Nevertheless, according to some surveys, inflation expectations from the market are calming off. This is a major factor contributing to the recent price rally we are...

Bitcoin-GDP correlation may explain drop in price as US enters a technical recession

Jul 28 2022 Published at CryptoSlate under tags  adoption bear market investments macro

The Times reported that the US had entered a technical recession as GDP shrank 0.9% annually after the second-quarter report was released Thursday. The chart below shows the real GDP of the US compared with the price of Bitcoin since 2017. It can be seen that when GDP declines, the price of Bitcoin trends upwards....

Jul 27 2022

El Salvador seeks to buy back $1.6B of debt to quell default fears

Jul 27 2022 Published at CryptoSlate under tags  investments macro

Amid falling Bitcoin (BTC) prices and rising fears of El Salvador defaulting on its debt, the Central American country is attempting to buy back $1.6 billion of its sovereign bonds. El Salvador President Nayib Bukele tweeted July 26 that he has sent two bills to the parliament to ensure that the country has funds to make a "transparent, public and voluntary...

Federal Reserve announces 75bps rate hike; Bitcoin up 3% following the news

Jul 27 2022 Published at CryptoSlate under tags  analysis bear market macro price watch

The Federal Reserve, chaired by Jerome Powell, has announced that it will raise interest rates in the U.S. by 75 basis points. The increase matched the market consensus, which some analysts deemed to be priced into the traditional markets. The crypto markets have reacted positively, with Bitcoin up 3% in the...

What will the FED decide today? Last chance for interest rate hikes before 2 month hiatus

Jul 27 2022 Published at CryptoSlate under tags  investments macro rumors trading web3

The Federal Reserve has its last FOMC meeting on July 27 before it breaks for 2 months. All eyes are on whether FED chair Jerome Powell will follow the market consensus of 75 basis points (bp) or look to a more aggressive 100bp as inflation continues to soar. The FED's interest rate decision is expected at 2 PM ET on Wednesday,...

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