Trump win could bring bitcoin to $90,000: Bernstein analysts
Conversely, a research note from Bernstein said a Kamala Harris presidency would send bitcoin prices plummeting.
Conversely, a research note from Bernstein said a Kamala Harris presidency would send bitcoin prices plummeting.
Italy aims to accelerate fiscal tightening to exit the Excessive Deficit Procedure earlier than expected, but high public debt, structural economic weaknesses and unfavourable demographics pose challenges.
According to BlockBeats, on October 10, U.S. stocks continued their upward trend following the release of the Federal Reserve meeting minutes. The S&P 500 index increased by 0.5%, the Dow Jones rose by 0.9%, and the Nasdaq climbed by 0.38%.In the foreign exchange market, the USD/JPY experienced a short-term rise of 10 points, reaching 149.25. Currently, the USD/JPY stands at 149.23, marking a 0.7% increase. Meanwhile, the EUR/USD saw minimal changes, declining by 0.37% to 1.0939 during the day. Additionally, the yield on the U.S. two-year Treasury bond slightly decreased to 4.011%.
According to BlockBeats, the minutes from the Federal Reserve's October 10 meeting indicate that a significant majority of members support a 50 basis points rate cut. This decision reflects a consensus among the members to adjust the monetary policy in response to current economic conditions.During the meeting, some participants highlighted that there were reasonable grounds for a 25 basis points rate cut in the July meeting. This discussion underscores the ongoing deliberations within the Federal Reserve regarding the appropriate measures to sustain economic stability and growth. The minutes provide insight into the central bank's strategic considerations and the factors influencing their policy decisions.
- Investors should look at buying the Australian dollar, according to HSBC, as the currency enjoys three crucial tailwinds. The first, and probably most important,...
U.S. spot Bitcoin exchange-traded funds (ETFs) experienced a notable decline on Wednesday, recording $18.66 million in net outflows.
Taiwan's Financial Supervisory Commission (FSC) plans to initiate a trial for crypto custody services in the first quarter of 2025.
Amid the crowded cryptocurrency market, three stand out above others.
India's planned discussion paper outlining its policy stance on cryptocurrencies has been held up due to other priorities, two people familiar with the matter told CoinDesk.
Global investment management firm VanEck is expanding its venture capital presence with the launch of a new fund focused on fintech, digital asset or artificial intelligence (AI) companies in pre-seed or seed stages, it announced Wednesday.