11/15/2024
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Powell’s Falcon Speech
In his latest speech, Federal Reserve Chairman Jerome Powell said that the Federal Reserve is in no rush to cut interest rates in the context of a strong economy, a hawkish statement that quickly sparked turmoil in the global market. Following Powell’s speech, US stocks closed near intraday lows, while the US dollar rose sharply along with US Treasury yields and the ICE US Dollar Index hit a one-year high. Investors lowered their expectations for the probability of a Fed rate cut in December to around 50% from 80% the previous day, in stark contrast to the CPI data.
by Darkex Reseach – 1 min read
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A Hard Correction in the Crypto Market
Bitcoin fell as low as $87,000, while major cryptocurrencies such as Ethereum and Solana also declined. However, XRP stood out, rising 18%, while Hedera (HBAR) was among the assets that moved positively.
by Darkex Reseach – 1 min read
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Saylor: Bitcoin Reserve Could Reduce National Debt
Michael Saylor, CEO of MicroStrategy, stated that the creation of a strategic Bitcoin reserve by the US could reduce the national debt by 45%. According to Saylor, this step could make a significant contribution to the US economy.
by Darkex Reseach – 1 min read
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Big Exits in Bitcoin ETFs
On November 14, US spot Bitcoin and Ethereum ETFs saw outflows of $400.7 million. These outflows caused Bitcoin to fall 2% to $88,200 and Ethereum to fall below $3,100.
by Darkex Reseach – 1 min read
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VanEck executive expects $180k for Bitcoin in 2025
Matthew Sigel, head of digital assets at VanEck, which also has a Bitcoin spot ETF product, said he expects Bitcoin to reach $180,000 in 2025. “Everything is just beginning,” Sigel said.
by Darkex Reseach – 1 min read
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Michael Saylor: Getting ready for the $100k in Bitcoin party
MicroStrategy founder Michael Saylor stated that he expects a price of 100 thousand dollars in Bitcoin by the end of December at the latest. Saylor was asked in a program he participated in, “Will there be a drop to $ 60 or $ 30,000?” To the question, “I think so. I am preparing for a $ 100,000 party in my own home. I think this will happen by Christmas at the latest,” he said.
by Darkex Reseach – 1 min read
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Goldman Sachs announced that Bitcoin spot ETF assets were worth more than $710 million at the end of the third quarter
According to the official website of the Securities and Exchange Commission (SEC), Goldman Sachs Group (Goldman Sachs) has filed 13F documents disclosing that as of September 30, Bitcoin spot ETF assets were worth more than $710 million.
by Darkex Reseach – 1 min read
