Macroeconomics | ForkLog

ForkLog 8 15.11.2024

Fed Chair’s Remarks Push Bitcoin Below $87,000

In the early hours of November 15, Bitcoin tested levels below $87,000. The catalyst was remarks by Federal Reserve Chair Jerome Powell about the lack of urgency in easing monetary policy. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, the price had returned to $88,000. The daily decline rate decreased to 1.2%. […]

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ForkLog 36 13.11.2024

US Inflation Meets Expectations as Bitcoin Surpasses $93,000

In October, annual inflation in the United States reached 2.6%, up from 2.4% the previous month. This figure aligned with market expectations of 2.6%. 13 November 2024 | 17:43Update: Following the release of US inflation data, Bitcoin briefly hit $91,000, setting a new all-time high. 5-minute BTC/USDT chart on Binance. Data: TradingView. 13 November 2024 […]

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ForkLog 18 13.11.2024

Bitcoin’s Peak Predicted for May 2025 Amid US Recession Forecasts

Bitcoin is expected to reach its peak in late May 2025, coinciding with recession forecasts in the United States. This perspective was presented by Copper, as reported by The Block. Experts explained their position using data from various bullish and bearish cycles. They found that, on average, these cycles last about 756 days. Since the […]

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ForkLog 6 12.11.2024

Arthur Hayes Reiterates Bitcoin’s Potential Surge to $1 Million

The economic policies of the next US president, Donald Trump, could devalue the dollar, potentially pushing the price of Bitcoin to $1 million, according to former BitMEX CEO Arthur Hayes. Arthur Hayes’ latest article points out that Trump’s economic policies may lead to a depreciation of the US dollar and one Bitcoin price reaching $1 […]

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ForkLog 9 07.11.2024

Bitcoin Holds Above $76,000 as Fed Cuts Rates Again

On November 7, the United States Federal Reserve reduced the target range for the federal funds rate by 25 basis points to 4.5-4.75% per annum. This marks the second such move following a 0.5% cut in September.

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ForkLog 13 01.11.2024

US Employment Data Boosts Bitcoin to $71,000

By the evening of November 1, the leading cryptocurrency rebounded from lows near $69,000 to $71,100, marking a 3% increase. The primary price surge occurred following the release of US employment data. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin’s price had adjusted back to $70,000. October’s non-farm employment figures […]

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ForkLog 18 23.10.2024

Paul Tudor Jones Advocates Bitcoin Amid Inflation Concerns Post-US Elections

Following the US presidential elections, “all roads lead to inflation,” making bitcoin a necessary component of any portfolio, according to trader and founder of the hedge fund Tudor Investment, Paul Tudor Jones, as reported by Cointelegraph. “I have a basket of gold, bitcoin, commodities, and NASDAQ [technology stocks]. I’ve eliminated bonds,” the expert explained. Jones […]

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ForkLog 8 17.10.2024

Quantity Funds Launches Gold and Bitcoin-Based ETF

Quantity Funds has launched an exchange-traded fund (ETF) based on a basket of futures and ETP on gold and bitcoin, aiming to hedge against inflation and currency devaluation. The issuer of the STKD Bitcoin & Gold ETF (BTGD) views these two scarce assets as a safeguard against such risks. The fund does not invest directly […]

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ForkLog 7 16.10.2024

JPMorgan Identifies Cryptocurrency Growth Drivers for Year-End

The potential return of Donald Trump to the U.S. presidency and the need for a hedge against economic instability create favorable prospects for Bitcoin in 2025, according to JPMorgan, as reported by The Block. Analysts suggest that amid rising geopolitical tensions and the upcoming U.S. elections, speculative institutional investors may consider gold and the leading […]

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ForkLog 5 14.10.2024

Bitcoin Tests $66,000 Amid Anticipation of Chinese Stimulus

On the morning of October 14, the price of the leading cryptocurrency surpassed $64,000. This was prompted by positive trends in Asian stock markets, driven by expectations of expanded stimulus measures from Chinese authorities. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin is trading at $64,100, having gained 2.1% over […]

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ForkLog 9 10.10.2024

US Inflation Surpasses Expectations, Bitcoin Falls Below $61,000

In September, annual inflation in the US reached 2.4%, compared to 2.5% the previous month. This figure exceeded market expectations of 2.3%. On a monthly basis, the consumer price index rose by 0.2%, the same as in August. The consensus forecast had predicted an increase of 0.1%. Excluding food and energy prices, the index rose […]

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ForkLog 6 10.10.2024

QCP Capital Warns of Increased Bitcoin Correction Risks

The rise in funding rates for perpetual contracts signals the cryptocurrency market’s vulnerability to a correction, according to QCP Capital, as reported by The Block. “The increase in metrics on Deribit and Binance […] combined with the frenzied demand for meme coins makes us wary of a downward movement. It often occurs when investors least […]

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