Cryptocurrency Market Entering Q4: Evolving Liquidity Patterns and Volatility
The cryptocurrency market is entering the fourth quarter with a focus on evolving liquidity patterns and market volatility, which are expected to shape the narrative in the coming months. The third quarter saw a marked decrease in crypto volatility, indicating that the asset class may be maturing or ...
US Dollar Strength Index (DXY) at 10-Month High: Impact on Bitcoin and Cryptocurrencies
The US Dollar Strength Index (DXY) recently achieved its highest level in almost 10 months, indicating growing confidence in the US dollar compared to other fiat currencies. This surge in demand for the US dollar has raised concerns among investors about its potential impact on Bitcoin (BTC) and cry ...
Central Bank of Turkey Raises Interest Rates to 30% in Ongoing Fight Against Inflation
The Central Bank of the Republic of Turkey (CBRT) has made a significant announcement regarding its interest rate decision for the month of September. The CBRT's Monetary Policy Committee has taken the bold step of raising interest rates to 30%, marking a substantial increase of 500 basis points com ...
U.S. Interest Rates High Enough to Tame Inflation, Avoid Recession: Chicago Fed
Economists at the Federal Reserve Bank of Chicago have put forth a compelling argument, suggesting that the series of interest rate increases implemented since March 2022 are steering inflation toward a 2% target while safeguarding the economy against a recession. Their research indicates that fu ...
Kazakhstan’s Supreme Audit Chamber Presents Digital Tenge, Highlights Unique Advantages
The Supreme Audit Chamber of Kazakhstan held a presentation of the digital tenge and spoke about the advantages of the third form of the national currency. The presentation was attended by Berik Sholpankulov, Chairman of the National Bank, and Binur Zhalenov, Chairman of the National Bank's Payme ...
Ethereum-Based Stablecoin Trading Volume Drops to December 2020 Levels
Efirium-based stablcoin trading volume dropped to December 2020 levels. Analysts attribute this to the popularity of memcoins, the increase in the number of transactions and the growth of commissions. According to The Block, trading volume with the popular stablcoin USDC ...
Zero Bank Deposit Rates Expected to Drive Interest in Staking Ether, Triggering Crypto Market Bull Cycle
Specialists at analyst firm Bernstein Research expect that zero bank deposit rates will spur public interest in steaking ether, and this will give rise to a new bull cycle in the crypto market. A new Bernstein report by analysts Gautam Chhugani and Manas Agrawal argues th ...
Key Macro Releases and Events to Watch in the Financial Markets This Week
The number of important macro releases this week is very high Let's outline the most important ones The past trading week was mostly characterized by price consolidation in the stock and cryptocurrency markets. And over the weekend, bitcoin made traders even m ...
European Union Considers Imposing Stricter Regulations on Cryptocurrency Companies
Besides NFTs could tax foreign companies Law to be agreed in a week The European Union may introduce a law that would force cryptocurrency companies to provide detailed information about their customers' assets. Also, cryptocurrencies will be required to regis ...
European Banking Authority Calls for Central Bank Ban on Large Stablecoins
European Banking Authority (EBA) believes that central banks should impose a ban on large steblecoins if they pose a threat to the monetary policy of specific countries. It was stated by the chairman of EBA José Manuel Campa, speaking at a symposium on central banks and dig ...
Ted Cruz Reveals His Strong Support for Bitcoin Investment
During the Bitcoin Policy Summit, Ted Cruz, a prominent American senator, made a bold confession about his personal investment strategy. According to Cruz, he is a devoted investor in bitcoin, and he regularly purchases the popular cryptocurrency. The senator revealed that he currently holds s ...