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South Korean Think Tank: Bitcoin ETFs Would Do More Harm Than Good
Cryptonews·2024/06/24 01:28

Decoupling: Stock Markets Tapping New Highs Last Week but BTC and ETH Suffer
The S&P 500 and the Nasdaq Composite both reached new peaks last week.
Cryptopotato·2024/06/24 01:10

Ethereum gas prices, Bitcoin miner revenue both approach record lows
Quick Take The median daily gas price on the Ethereum network hit its lowest level since 2020 on Saturday, making a strong case for Layer 2 networks easing the burden of sending a transaction on mainnet. Simultaneously, Bitcoin mining revenue per hash has also approached record lows both this month and last month as miners feel the impact of the latest halving event.
The Block·2024/06/23 21:43

Consolidation Ahead for Ripple (XRP) Price as Optimism Tanks
BeInCrypto·2024/06/23 18:55

The Opportunity Cost of Holding Cardano Instead of BTC: How Much Are ADA Holders Behind?
Cryptopotato·2024/06/23 16:19

Making Money Online with Solana (SOL) Staking on CryptoHeap
Cryptodaily·2024/06/23 15:37

Dogecoin (DOGE) Price in the Opportunity Zone Could Undo 30% Losses
BeInCrypto·2024/06/23 14:52

Miners’ $2 Billion Sell-off Impacts Bitcoin Price, May Cause Second Negative Monthly Close
BeInCrypto·2024/06/23 10:52

Bitcoin Price Solid at $64K as Cardano (ADA) Surges 4% Daily: Weekend Watch
Bitcoin has managed to stop the bleeding over the past 24 hours while most of the altcoins are attempting to recover.
Cryptopotato·2024/06/23 09:19

Bitcoin Price Prediction: Analyst Defies Bearish Bias, Says Next Impulse Could Target $100K
Bitcoin’s price is currently struggling, but some analysts remain optimistic.
Cryptopotato·2024/06/23 09:19
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 UnlikelyBlockBeats 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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