Macroeconomics | ForkLog

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 10 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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ForkLog 13 03.09.2024

Arthur Hayes Attributes Bitcoin’s Decline to Liquidity Shortage

The spread between reverse repo operations o/n and the yield on four-week US Treasury bills at ~0.9% limits the liquidity available for purchasing risk assets like Bitcoin, according to former BitMEX CEO Arthur Hayes. My theory on why Fed rate cuts aren’t going to plan. Since JAYPOW annc Sept rate cut at J-Hole, $BTC down […]

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ForkLog 11 20.08.2024

Analysts Highlight Conditions for Bitcoin Bull Run Resurgence

The wave of long position liquidations has subsided, suggesting that Bitcoin may approach its ATH post-U.S. elections, driven by a liquidity influx. This is reported by Cointelegraph, citing analysts. “[There is] a typical seasonal pattern where the first cryptocurrency usually struggles for one to three months following the April halving,” stated Matthew Sigel, head of […]

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ForkLog 11 19.08.2024

Nansen Attributes Ethereum Decline to Market Sentiment Shift

The waning optimism among Ethereum investors has played a more significant role than the outflow from ETFs linked to the second-largest cryptocurrency by market capitalization. This conclusion was reached by Nansen, reports Cointelegraph. Analysts associated the reduced risk appetite of market participants with the release of macroeconomic statistics. According to experts’ calculations, since the start […]

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ForkLog 16 14.08.2024

US Inflation Slows Further as Bitcoin Dips Below $60,000

In July, annual inflation in the United States reached 2.9%, down from 3% the previous month. This figure surpassed market expectations, which had anticipated a continuation of the previous growth rate. On a monthly basis, the consumer price index rose by 0.2% following a 0.1% decline in June. This result matched the consensus forecast. Excluding […]

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ForkLog 18 13.08.2024

Arthur Hayes Predicts Bitcoin Surge to $100,000 by Year-End

The value of the leading cryptocurrency is expected to recover from a yen-induced decline and rise to $100,000. This forecast was presented by former BitMEX CEO Arthur Hayes. In a new essay, the expert explained the impact of U.S. Treasury borrowing and the monetary policy of the Fed on the amount of available liquidity for […]

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ForkLog 10 09.08.2024

Bitfinex Identifies Bitcoin as a Safe Haven Amid Recession Risks

Bitcoin has the potential to serve as a safe haven during an economic downturn, even though the broader cryptocurrency market may suffer. This assertion was made by Bitfinex, reports The Block. Experts noted that over the past three months, central banks worldwide have implemented 35 rate cuts. Such a rapid pace reminded them of the […]

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ForkLog 11 06.08.2024

Expert Warns of Heightened Volatility in Cryptocurrency Market

Implied volatility will remain high until the macroeconomic situation stabilises. The market still considers the possibility of an emergency Federal Reserve meeting, with the chances of a 50 basis point rate cut in September soaring to 78.5%. The cryptocurrency market is set to face increased volatility as the VIX index reaches its highest level since […]

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ForkLog 30 05.08.2024

The Fed’s pivot: when to expect it and how rate cuts could affect crypto

At the end of July, the US Federal Reserve kept the key rate at a historic 5.25–5.5%. Many market participants nonetheless expect a “Fed pivot” as early as September. What it is—and why lower rates will not necessarily benefit crypto—explains Oleg Cash Coin. COVID correlation For most of the time, the crypto market correlates with […]

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ForkLog 8 05.08.2024

Crypto Funds Experience First Weekly Outflow in a Month

The outflow from cryptocurrency investment funds between July 27 and August 2 amounted to $528 million, more than double the inflows of the previous week ($245 million), according to data from CoinShares. Data: CoinShares. Analysts attributed the negative trend to recession fears in the US, escalating geopolitical tensions, and a subsequent wave of long liquidations […]

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ForkLog 10 31.07.2024

Federal Reserve Maintains Key Rate; Bitcoin Dips to $66,400

On July 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. On July 11, the U.S. Bureau of Labor Statistics released a report on consumer prices, revealing an index value below the forecast—3% compared to the anticipated 3.1%. The cryptocurrency market reacted […]

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