Macroeconomics | ForkLog

ForkLog 69 20.09.2024

Conditions for Boosting Ethereum’s On-Chain Activity Identified by Expert

Ethereum network activity could see a significant uptick if the current cryptocurrency rally evolves into a sustained bull market, according to The Block‘s Jasper de Maer from Outlier Ventures. The analyst highlighted that speculation and increased engagement with dapps will primarily drive this growth. “Airdrops will support activity in the latter, as many companies will […]

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ForkLog 10 20.09.2024

Expert Analyzes Yen’s Impact on Bitcoin’s Trajectory

The depreciation of the yen against the dollar has bolstered risk appetite in the segment of risky assets, thereby supporting Bitcoin. This was stated by derivatives trader Gordon Grant to The Block. The specialist explained the rally of the leading cryptocurrency, which surged over 8% following the Federal Reserve’s 50 basis point rate cut. On […]

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ForkLog 55 20.09.2024

Standard Chartered Predicts Bitcoin Rally Following Fed Rate Cut

Following a rate cut by the Fed, Bitcoin is expected to experience sustained growth due to a macroeconomic backdrop that offsets uncertainty from the US elections. This conclusion was reached by Standard Chartered, reports The Block. Experts highlighted the improved cryptocurrency market conditions amid increased chances of Kamala Harris’s victory. According to Polymarket, she leads […]

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ForkLog 62 18.09.2024

Bitcoin Tests $61,000 Amid Fed Rate Cut

On September 18, the United States Federal Reserve lowered the target range for the federal funds rate to 4.75–5% per annum. This marks the first reduction since March 2020. The decision aligned with market expectations. “Recent indicators suggest that economic activity continues to expand at a solid pace. Job gains have slowed, and the unemployment […]

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ForkLog 8 16.09.2024

Hopes for a 50 Basis Point Fed Rate Cut Revive Crypto Fund Inflows

Inflows into cryptocurrency investment funds amounted to $436 million from September 8 to 14, following an outflow of $726 million the previous week, according to CoinShares. Data: CoinShares. Analysts attributed the reversal in dynamics to a sharp increase in expectations for a 50 basis point cut in the interest rate by the Fed. The likelihood […]

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ForkLog 43 13.09.2024

Economist Predicts ‘Sell the News’ Scenario Following Fed Meeting

The potential 25 basis point rate cut by the Fed during the September 18 meeting is already priced in by the market and may lead to a ‘sell the news’ reaction in risk assets. This was stated by Johns Hopkins University economist Steve Hanke in a conversation with The Block. “The market already expects a […]

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ForkLog 53 11.09.2024

US Inflation Slows as Bitcoin Struggles to Hold $56,500

In August, the annual inflation rate in the US stood at 2.5%, down from 2.9% the previous month. This figure matched market expectations. On a monthly basis, the consumer price index rose by 0.2%, consistent with July’s increase. The result aligns with the consensus forecast. Excluding food and energy prices, the index increased by 0.3% […]

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ForkLog 9 10.09.2024

Bitcoin Volatility Poised for Growth Amid CPI Data and Debates

Implied volatilities of bitcoin options remain elevated. Traders anticipate significant price swings in light of the Trump-Harris debates and consumer inflation (CPI) data, according to QCP Capital. The events are scheduled for September 11 at 4:00 and 15:30 (Kyiv/Moscow). Experts noted that until October, options market participants tend to take predominantly bearish positions. Optimists are […]

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ForkLog 8 06.09.2024

Diverging Views on Bitcoin’s September Prospects

The reduction of the Federal Reserve’s key interest rate and the resilience of the US economy in September may have a greater impact on Bitcoin’s price than the typically negative seasonality of this month. This was stated by Cointelegraph by Tyr Capital’s CIO Ed Hindi. “The chances of the first cryptocurrency closing the month above […]

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ForkLog 8 04.09.2024

Arthur Hayes Predicts Bitcoin Correction to $50,000

The price of the leading cryptocurrency could correct to $50,000, with altcoins potentially depreciating even more. This forecast was presented by former BitMEX CEO Arthur Hayes. According to him, this scenario will remain relevant until the Federal Reserve’s meeting in September. The pressure factor will persist in the money market, where yields on reverse repo […]

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ForkLog 2 04.09.2024

Bitfinex Predicts Bitcoin Could Fall to $40,000

The price of the leading cryptocurrency could plummet to $40,000 following a Federal Reserve rate cut in a bearish scenario, according to Bitfinex, as reported by CoinDesk. Experts believe that a 25 basis point policy easing would be positive for markets. However, a 50 basis point cut might initially lead to a 5–8% surge, followed […]

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ForkLog 9 04.09.2024

Bitcoin Tests $56,000 Level Amid Market Volatility

In the early hours of Wednesday, September 4, the price of the leading cryptocurrency fell to a four-week low of $56,000. 15-minute BTC/USDT chart on Binance. Data: TradingView. At the time of writing, Bitcoin is trading at $56,470, having lost 4.3% over the past 24 hours. Ethereum’s daily decline stands at 5.7%, with a price […]

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