💵 💴 💶Why is Bitcoin (BTC) Price Falling?💵 💴 💶 Bitcoin fell by 3.4% between August 26 and August 27, after dropping below the $63,500 support level it held for two days. This decline is partly due to worsening macroeconomic expectations, as well as decreased activity on the Bitcoin network, which may have led to […]
💵 💴 💶US Stock Markets Close Lower Due to Nvidia Drop💵 💴 💶 US stock markets closed lower due to a drop in Nvidia shares, while investors await an important inflation report set to be released on Friday. Both the S&P 500 and Nasdaq indices fell due to Nvidia’s decline, and investors are adopting a […]
💵 💴 💶Telegram Founder Pavel Durov Arrested: Reactions Intensify💵 💴 💶 Pavel Durov, founder and CEO of Telegram, has been detained by French authorities. According to Le Monde and other French media outlets, Durov was arrested at Le Bourget airport, north of Paris, after arriving on a private jet from Azerbaijan. Le Monde has referred […]
💵 💴 💶ECB Minutes Open the Door for a Possible Rate Cut in September💵 💴 💶 The newly released ECB minutes from the July meeting keep the door open for a possible rate cut in September but do not commit to any definite action. In the July meeting, ECB President Christine Lagarde adopted a more […]
💵 💴 💶Minutes Show Fed is Preparing for Rate Cuts💵 💴 💶 The minutes indicate that some policymakers considered a 0.25-point rate cut during the July 30-31 meeting to be a ‘reasonable situation.’ Federal Reserve (Fed) officials were largely in agreement about lowering interest rates in their next meeting in September. In fact, some officials […]
💵 💴 💶GLOBAL MARKETS💵 💴 💶 Later in the day, revisions to the U.S. non-farm payrolls data for the month will be announced. It is expected that the revisions will show a decline in non-farm payrolls, supporting the expectation that the economy needs interest rate cuts. Tomorrow, the manufacturing purchasing managers’ index (PMI) will be […]
💵 💴 💶Bitcoin Price Declines Ahead of Fed Speech💵 💴 💶 Bitcoin’s price has fallen ahead of Fed Chairman Jerome Powell’s speech at the Jackson Hole symposium. The event is expected to provide insights into the potential size of a Fed rate cut in September and the current state of the U.S. economy. Over the […]
💵 💴 💶GLOBAL MARKETS💵 💴 💶 Asian stock markets are taking a breather today after global equities posted their best weekly performance in nine months, buoyed by expectations that the U.S. economy will avoid recession and that slowing inflation will lead to interest rate cuts. Gold has risen to $2,500 per ounce for the first […]
💵 💴 💶Bitcoin Surpasses $59,000💵 💴 💶 Bitcoin (BTC) saw a drop of over 4% in the last 24 hours, trading around $58,000 and erasing all gains from the previous week. The decline in BTC has led to losses in major tokens, causing a general market downturn. Ether (ETH) dropped by 3.8%, while Solana (SOL), […]
💵 💴 💶 US Inflation Data Released 💵 💴 💶 The long-awaited US Consumer Price Index (CPI) data has been released. Annual inflation for July increased by 2.9%. Expectations ranged from 2.9% to 3.0% among different institutions. Monthly inflation also rose by 0.2%, aligning with expectations. The core inflation, excluding energy and food prices, rose […]
