Macroeconomics | ForkLog

ForkLog 8 20.03.2024

Argentine Demand for Bitcoin Reaches 20-Month High

Weekly Bitcoin purchases in Argentina on the popular local exchange Lemon have reached a 20-month peak with 35,000 transactions, doubling the average for 2023, according to Bloomberg. Source: Bloomberg. A similar trend is observed on other platforms like Ripio and Below. According to the agency, Argentines are striving to protect their personal funds from inflation, […]

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ForkLog 8 13.03.2024

Bitcoin’s Ascent to $100,000 and SEC’s Reluctance on Ethereum ETF

Bitcoin is expected to rise to $100,000 in the second half of the year, while the outlook for a spot Ethereum ETF appears less optimistic. These expectations were shared with journalist Colin Wu by macroeconomist Luxon, who spoke under a pseudonym. Read more. The expert derived this target by assuming that the American asset management […]

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ForkLog 19 12.03.2024

Impact of the Federal Reserve’s March Rate Decision on the Cryptocurrency Market: Expert Insights

Historically, Bitcoin has shown an inverse relationship with the Federal Reserve’s base rate. Analysts predict that the upcoming meeting of the regulator on March 20 could pose a significant barrier to the growth of the cryptocurrency market. In comments to ForkLog, experts explained the macroeconomic pattern and shared their forecasts. The Rate and Bitcoin U.S. […]

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ForkLog 7 11.03.2024

Bitcoin as a Hedge Against Rising US National Debt, Suggests Expert

Bitcoin is the only available refuge from inflation and potential asset confiscation in the US, which are possible due to the unsustainable trajectory of government spending, according to former CTO of Coinbase and general partner at a16z Balaji Srinivasan. BITCOIN > BUDGETING We’re in the looting-the-treasury phase of imperial collapse. The dynamic described below isn’t […]

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ForkLog 10 03.03.2024

Grayscale Identifies Inflation and Fed’s High Rates as Bitcoin Barriers

Macroeconomic factors may pose significant obstacles to the short-term growth of the leading cryptocurrency’s value, according to Grayscale analysts. Read the full analysis from @LowBeta_ and the Grayscale team: https://t.co/AkdcO4AxjX pic.twitter.com/CUrDvuwwwh — Grayscale (@Grayscale) March 1, 2024 “If inflation remains persistently high, officials at the Fed may delay reducing the key rate until later this […]

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ForkLog 7 26.02.2024

Bitfinex Highlights Bitcoin’s Appeal as an Inflation Hedge

Bitcoin is gaining traction as a safe-haven asset in countries experiencing persistently high inflation. This was stated by Jag Kooner, head of derivatives at The Block. The expert highlighted the macroeconomic risks this year, which make the purchase of the first cryptocurrency, gold, and silver relevant. “A sustained level of inflation, above the comfort zone […]

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ForkLog 12 14.02.2024

Bitcoin Unfazed by Diminished Prospects of Fed Policy Easing

Weaker-than-expected inflation deceleration shifted expectations for a Federal Reserve rate cut from May to June, yet had limited impact on Bitcoin. In January, the annual inflation index in the US stood at 3.1%. This figure surpassed the forecast of 2.9% but was an improvement from the previous month’s 3.4%. The likelihood of a Fed rate […]

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ForkLog 16 13.02.2024

US Inflation Exceeds Forecasts, Bitcoin Declines

In January, the US inflation index reached 3.1%. This figure surpassed the forecast of 2.9% but was an improvement over the previous month’s 3.4%. Experts noted that a slower pace towards the 2% target could influence the Fed’s policy on the key interest rate. BREAKING: Prediction markets are now pricing-in just 4 rate cuts in […]

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ForkLog 10 07.02.2024

Analyst Predicts Short-Term Correction in Cryptocurrency Market

The digital asset market is poised for a short-term correction as Bitcoin’s price has yet to reflect the Federal Reserve’s decision to delay a rate cut. This was stated by Jag Kooner, head of derivatives at Bitfinex, in an interview with The Block. “The cryptocurrency market may decline in the short term if market expectations […]

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ForkLog 11 31.01.2024

Federal Reserve Maintains Key Rate; Bitcoin Price Remains Stable

On January 31, the United States Federal Reserve maintained its key interest rate range at 5.25–5.5% per annum. The decision aligned with market expectations. According to the Fed, inflation has decreased over the past year but remains elevated. The agency also noted the low unemployment rate. In the long term, the Fed aims for 2% […]

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ForkLog 13 25.01.2024

US Treasury Plans and Their Impact on Bitcoin Dynamics

The upcoming Federal Reserve meeting on January 31 and the release of the US Treasury’s borrowing plans could influence liquidity levels and, consequently, the dynamics of the leading cryptocurrency. This was reported by analysts at QCP Capital. In the first instance, experts anticipate information on the pace of the central bank’s balance sheet reduction. A […]

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ForkLog 52 16.01.2024

Arthur Hayes Explores Arbitrage Opportunities Following Bitcoin ETF Launch

The approval of a Bitcoin ETF in the United States has paved the way for a range of strategies at the intersection of the cryptocurrency market and TradFi. This was highlighted by former BitMEX CEO Arthur Hayes in his blog post. Opportunities will arise in the following areas: the process of creating and redeeming ETFs; […]

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