Search Results for: us treasury

“Despite the gloomy market sentiment and legal hurdles from SEC, market analysts forecast Bitcoin could hit the $22K mark. U.S. inflation drop and Federal Reserve’s liquidity drainage could push investors to alternative assets like Bitcoin. However, serious challenges still remain.”

The impending Bitcoin death cross, a bearish signal indicating short-term price momentum drop, could signify a market decline, strongly influenced by the strengthening U.S. dollar and perilous macro developments. Interestingly, Bitcoin’s death cross historically, hasn’t consistently yielded negative returns, poking holes in expectations of a straightforward decline.

In a keynote at Korea Blockchain Week, Arthur Hayes, the founder of BitMEX, argued that Federal Reserve’s tactics to combat inflation could inadvertently fuel economic growth. He also predicted the potential of AI companies and a significant asset bubble resulting from the convergence of AI, crypto, and money printing.

“Wintermute Trading faces criticism as they negotiate a loan of 350 YFI tokens from Yearn Finance. Yearn’s supporters challenge the benefit to Yearn from this deal, questioning its alignment with Yearn’s philosophy of decentralized finance. The main issue lies in Wintermute’s intention to borrow Yearn’s governance token, potentially undermining Yearn’s foundation of decentralization.”

“Matrixport’s Markus Thielen suggests a counter-intuitive strategy for crypto traders – taking long positions on bitcoin with a stop loss below $25,800. The strategy banks on a potential fall in Treasury yields, bolstering the appeal of risk assets, including cryptocurrencies.”

Bitcoin slunk below the $26,000 mark with a lack of market catalysts ending the bearish trend. Other sizable tokens like XRP, Cardano’s ADA, and Solana’s SOL retraced by up to 2.2%. Trader Alex Kuptsikevich warns of a possible dip to the $23.9-24.6K region, resulting in a bearish forecast for Bitcoin. Future traders are preparing for a pessimistic market with potential further downside.

Bitcoin faces macroeconomic challenges and needs to assert its use case beyond just an investment tool. Despite these hurdles, it has demonstrated impressive growth, raising potential for recovery despite current uncertainties. However, the existing economy suggests decreased investment in crypto, possibly impacting price surge potential.

This article explores the influences of Justin Sun, Sam Bankman-Fried, and Do Kwon in the cryptocurrency industry. It examines their methods, impacts and the potential consequences of their actions. Comparing Sun’s Tron to Kwon’s Terra, the article questions whether Sun’s potential downfall could cause even greater harm.

“Maple Finance, a blockchain-based credit marketplace, has revealed plans to expand into the Asian market, supported by a $5 million investment from firms including BlockTower Capital and Tioga Capital. This move forms part of a growth strategy to extend its technology and create global alliances, primarily within Singapore, Japan, Hong Kong, and Korea.”

“Macroeconomist Lyn Alden argues against the feasibility of a forthcoming gold-backed BRICS currency, citing it a tough challenge for BRICS members. Doubts are raised about the model backing a fractional-reserve banking system with gold.”

The recent plunge in Bitcoin’s value is linked to strengthening economic metrics which could lead to extended high interest rates. The speculation around higher neutral interest rates and potential inflation rate increases spooked the cryptocurrency markets, resulting in a drop in Bitcoin’s value.

Bitcoin’s price dropped below $29,000 on August 16, its lowest in eight weeks, possibly due to bearish traders, FOMC’s inflation concerns, and potential interest rate increases. The looming expiration of $580 million Bitcoin options added to the downward pressure and complicated the cryptocurrency’s price correction strategy. Despite the uncertainty, Bitcoin might reverse its falling trend after the weekly options expiry.