Billionaire ‘Bond King’ Jeffrey Gundlach Predicts the Fed Will Cut Rates Substantially Soon
Billionaire Jeffrey Gundlach, known as the “Bond King,” has become the latest financial pundit to predict that the Federal Reserve will cut interest rates soon. Gundlach, who founded DoubleLine Capital, tweeted his prediction on May 3, 2019. He said that the Fed would be “cutting rates substantially soon,” and issued a “red alert” on recession […]
80 Crypto Firms Interested in Establishing Presence in Hong Kong, Official Says
Hong Kong has become an increasingly popular destination for cryptocurrency firms looking to establish a presence in Asia. This was confirmed by Hong Kong’s Secretary for Financial Services and Treasury, Christopher Hui, who revealed in a speech at the Aspen Digital Web 3 Investment Summit that more than 80 crypto firms from around the world […]
How Crypto Has Stayed in the Green During Banking Crisis
The banking crisis has taken its toll on many financial markets around the world, but surprisingly, the crypto market has remained relatively stable during this period. Despite regulatory pressures, bitcoin and ether have managed to stay in the green, with bitcoin alone up more than 20% in the past month. While it’s difficult to determine […]
8 out of 10 investors store crypto on hot wallets: CoinGecko survey
A recent survey conducted by CoinGecko examining cryptocurrency storage behavior has found that eight out of ten investors prefer hot wallets to store their digital assets. The survey was conducted between December 2021 and January 2022 and received responses from 421 individual investors. The results also showed that seven out of ten participants held their […]
WTI resumes the decline and breaks below $67.00
f the trading session. The prices of crude oil have dropped again, with the American benchmark dropping to below $67 per barrel. This is a result of increased production from major oil-producing countries and the ongoing concerns over a potential trade war between the US and China. The current drop in prices is part of […]
Trading for Polygon (MATIC) Rival Arbitrum (ARB) Goes Live on Top US Exchange Coinbase
Coinbase, one of the top United States-based crypto exchange platforms, has added trading support for the Ethereum (ETH) layer-2 scaling solution Arbitrum (ARB), which is a chief competitor to Polygon (MATIC). The leading crypto exchange platform revealed in a new announcement that trading for Arbitrum is now available across both iOS and Android devices. However, […]
Argentine Peso will be the worst performing emerging market currency in 2023 – Wells Fargo
Economists at Wells Fargo are predicting a tumultuous year for the Argentine Peso, with expectations of substantial depreciation in 2023. The devaluation is expected to be explicit, intentional, and outsized, making the Peso the worst-performing emerging market currency for the year. Argentine authorities had already allowed for greater Peso depreciation in 2022, but continued IMF […]
Traders move away from Fed’s rate outlook, coalescing around idea of full percentage point of rate cuts by year-end
The Federal Reserve’s decision on interest rate has been a subject of concern for financial traders and analysts globally. Recently, fed funds futures traders have predicted a 39% probability that the Federal Reserve would reduce rates to a range of 3.75% to 4% by December. This prediction marks a significant change from the current range […]
Inflation expectations are very important to the outlook
On Friday, Catherine Mann, a member of the Bank of England’s Monetary Policy Committee, stated that inflation expectations are crucial to the outlook. Her remarks were in response to concerns about rising inflation rates in the United Kingdom. Mann stated that wholesale energy prices may begin to slow down the Consumer Price Index, which could […]
ETH Facing Huge Resistance, Is $1600 or $2000 Next? (Ethereum Price Analysis)
Ethereum, one of the leading cryptocurrencies in the market, has been experiencing a period of consolidation in the past week. As the price struggles to break above a key resistance area, many speculate if ETH has marked a local top. In this article, we will dive into technical and on-chain analysis of Ethereum to understand […]