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Ripple (XRP) Trading Volume Soars Amid Ongoing Market Turbulence
Ripple (XRP) Trading Volume Soars Amid Ongoing Market Turbulence

Ripple’s price remains rangebound but the trading volume exploded during the past 24 hours.

Cryptopotato·2024/06/25 05:25
On the Margin Newsletter: How low BTC’s price might go after Monday’s dip
On the Margin Newsletter: How low BTC’s price might go after Monday’s dip

Plus, an update on the ether ETF front and an overview of this week’s economic calendar

Blockworks·2024/06/24 22:49
Don’t hold your breath for an altcoin ETF
Don’t hold your breath for an altcoin ETF

Despite the approval of the Ethereum ETF, a flurry of approvals for other altcoin ETFs is highly unlikely anytime soon

Blockworks·2024/06/24 22:31
Flash
13:28
Hassett: The Federal Reserve Should Not Raise Interest Rates, There is Still Room for Cuts
On June 5, Hassett, the Director of the National Economic Council at the White House, stated that the Federal Reserve should not raise interest rates, and there is still room for rate cuts in the future.
13:18
「Fed's Whisperer」: Non-Farm Payrolls Won't Completely Resolve Fed's Rate Hike Debate, Near-Term Rate Cut Highly Unlikely
BlockBeats News, June 5th, Fed's Whisperer Nick Timiraos published a commentary on the latest nonfarm payroll data, suggesting that this spring's hiring spree has regained momentum. This development will provide further justification for Fed officials concerned about inflation, who believe that the current low-interest rates are insufficient to contain the upward pressure on prices. This employment report will not entirely settle the debate on how much the Fed should consider raising interest rates later this year. However, it does reinforce the notion that the reasons for a rate cut in the short term have largely dissipated.
13:17
Analyst: A Few More Non-Farm Data Like This Will Shift the Baseline Scenario to Multiple Rate Hikes
On June 5, institutional analyst Jersey evaluated the U.S. non-farm payrolls, stating that it is difficult to describe the labor market as weak. For the interest rate market, the risks are more inclined towards rate hikes, while the possibility of rate cuts diminishes. Kevin Walsh finds it hard to convince other members of the Federal Reserve's monetary policy committee to lower interest rates. We do not believe that a rate hike is imminent, but if we see a few more employment growth reports like this, multiple rate hikes will become our baseline scenario.
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