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Cryptocurrency
Bitcoin’s Surge at Risk Due to Inflation Worries
The financial world is abuzz as the Federal Reserve prepares to announce a 25-basis-point rate cut, potentially lowering interest rates to the 4.5%-4.7% range. This anticipated move, while not unexpected, sets the stage for critical developments in both traditional and digital markets. The spotlight, however, is not solely on the rate adjustment but on the ensuing commentary from Fed Chair Jerome Powell. His insights into President-elect Trump’s economic strategies could…
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Cryptocurrency
Bitcoin’s Rise Threatened by Inflation Worries
The financial world is on edge as the Federal Reserve prepares to announce a 25-basis-point reduction in interest rates, potentially bringing the range down to 4.5%-4.7%. While this move has been widely expected, the true market impact may emerge from Fed Chair Jerome Powell’s insights on the economic strategies of President-elect Trump. These strategies, which include significant tax cuts, a flexible fiscal approach, and proposed tariffs on nations like China…
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Could the FOMC’s Rate Decision Ignite a Crypto Surge?
The cryptocurrency landscape is on edge as it anticipates the imminent Federal Open Market Committee (FOMC) interest-rate decision by the US Federal Reserve. This pivotal event of the week is likely to shape market sentiment within the digital assets sphere, potentially setting the course for Bitcoin, Ethereum, and other altcoins. Anticipating a 0.5% Rate Cut: What It Means for Cryptos The digital asset market recently reacted with optimism following the…
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Cryptocurrency
Solana Exceeds the Predictions With Over $800 Million Trading Volume
According to statistics released by crypto analytics platform Token Terminal, Solana (SOL), the cryptocurrency that drives Solana‘s high-performance smart-contract-enabled blockchain, had an incredible $830 million in trade volumes on February 16th. This was the second-highest day trade volume in two weeks, with just February 15th topping it with $850 million. Solana has whipsawed both sides of its 21-Day Moving Average (DMA) around $23.0, resulting in an increase in trading volumes. On Friday,…
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Cryptocurrency
VeChain Aims to Catch Up the Tide with “The HiVe”
VeChain recently released a Medium article introducing their exciting new launch, The HiVe. This sustainability and Web3-focused event is set to be the successor of VeChain’s 2019 summit with an ambition to spur collaboration within the Web3 community and accelerate sustainable progress in our world. Vechain The Hive Will Launch On February 2 The HiVe is officially launching its registration and landing pages on February 2, 2023 – for free.…
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