Macroeconomics | ForkLog

ForkLog 7 07.06.2024

Arthur Hayes Advocates Bitcoin Investment Amid Rate Cut Cycle

Long positions in Bitcoin, and later in altcoins, are advisable, according to former BitMEX CEO Arthur Hayes, who cited a shift in the macroeconomic landscape in his recommendation. The expert highlighted the outcomes of the G7 finance ministers and central bank governors’ meeting. One topic discussed was the weakness of the Japanese yen against other […]

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ForkLog 13 06.06.2024

QCP Capital: Bitcoin Options Market Bets on Surge to $74,000

A surge in the purchase of bitcoin call options expiring at the end of June above $74,000 indicates heightened expectations for a “decisive breakthrough” of the historical peak. This conclusion was reached by QCP Capital, as reported by The Block. There is a concentration of calls at the $75,000 strike price. On June 5, the […]

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ForkLog 13 15.05.2024

US Inflation Slows, Bitcoin Holds Above $64,000

Annual inflation in the United States slowed to 3.4% in April from 3.5%, aligning with consensus forecasts. On a monthly basis, the consumer price index rose by 0.3%, compared to expectations of 0.4% and the same figure for March. Excluding food and energy prices, the index increased by 0.3% from the previous month and by […]

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ForkLog 19 13.05.2024

Bitcoin’s Sideways Movement Predicted for May with Growth Expected Later

The current lull in Bitcoin’s activity may persist until early summer, but a return to growth is anticipated in the third and fourth quarters, according to Bitfinex, as reported by CoinDesk. “We expect the market to remain uncertain in the short term with low volatility until the actual winding down of QT in June,” the […]

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ForkLog 13 08.05.2024

Bitcoin Finds Local Bottom at $56,500, Says Standard Chartered

The situation has improved, with Bitcoin establishing a minimum at $56,500, according to Standard Chartered, reports The Block. The institution’s experts revised their previous forecast, which anticipated a decline to the $50,000–52,000 range. Experts confirmed a target of $150,000 by the end of the year and $200,000 by the end of 2025. The changes were […]

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ForkLog 7 03.05.2024

Bitcoin Surges Past $60,000 Following U.S. Labour Market Report

The price of Bitcoin has solidified above the psychological threshold of $60,000. The catalyst for this rise was a U.S. employment report, which shifted expectations for a Federal Reserve rate cut from November to September, according to Bloomberg. According to the Labour Department report, April saw the addition of 175,000 new jobs in the non-farm […]

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ForkLog 51 03.05.2024

Arthur Hayes Predicts Bitcoin Surge to $70,000 by Summer’s End

The recent 12% pullback in Bitcoin is a “necessary market cleansing,” and the price will surpass $60,000, though it will not stabilize above $70,000 by the end of August, according to former BitMEX CEO Arthur Hayes. “Mayday” is a brief discussion on the recent Fed, US Treasury, the bank bailout policies. It’s money printing disguised. […]

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ForkLog 29 01.05.2024

Federal Reserve Maintains Key Rate as Bitcoin Climbs to $58,000

On May 1, the United States Federal Reserve maintained its key interest rate range at 5.25–5.5% per annum. The decision aligned with market expectations. On April 10, the U.S. Bureau of Labor Statistics released a report on consumer prices, showing an index value higher than forecasted—3.5% compared to 3.4%. The cryptocurrency market reacted positively to […]

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ForkLog 12 01.05.2024

Bitcoin Price Dips Below $57,000

On the morning of Wednesday, May 1, the price of the leading cryptocurrency fell below $60,000. May 1, 2024 | 11:29Update: At one point, digital gold plunged below the $57,000 mark. 5-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, the price had dropped to $59,700. Over the past 24 hours, the […]

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ForkLog 16 25.04.2024

Bitcoin Deemed Scarcer Than Gold, Expert Asserts

For 6,000 years, gold has been considered scarce, but its extraction intensified with the advent of the industrial age. This highlights the uniqueness of Bitcoin, which has undergone its fourth halving, noted analyst and CMCC Crest co-founder Willy Woo. Gold production going to the moon as technology gets better. Gold has had 6000 years of […]

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ForkLog 14 23.04.2024

US Presidential Candidate Proposes Moving Federal Budget to Blockchain

US presidential candidate Robert F. Kennedy Jr. has proposed transferring the federal budget to blockchain to enhance transparency. NEW: RFK Jr. says “I’m gonna put the entire US budget on blockchain” “Every American can look at every budget item in the entire budget, anytime they want, 24 hours a day.” “We’re gonna have 300 million […]

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ForkLog 7 22.04.2024

Fed’s Rate Decision Delay Triggers Fresh Outflows from Crypto Funds

Outflows from cryptocurrency investment products amounted to $206 million from April 13 to 19, following $126 million the previous week, according to analysts at CoinShares. Source: CoinShares. Experts attributed the continued negative trend to concerns regarding the policy of the Fed. “The data indicates a decline in investor appetite for ETP/ETF amid expectations that the […]

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