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Bitcoin prices slid sharply to $94,355 on Tuesday, down from last week's all-time high of $103,900, as markets brace for U.S. inflation data. U.S. CPI data, due on Wednesday, will influence the Federal Reserve's rate trajectory. The odds of a 25 basis point rate cut at the Fed's policy meeting on December 18 is at 86%, according to CME FedWatch.

A top Federal Reserve official says he is leaning toward supporting an interest rate cut when the Fed meets in two weeks but that evidence of persistent inflation before then could cause him to change that view

Wall Street's three major indexes closed lower on Tuesday as investors booked some profits from a post-election rally and waited anxiously for U.S. inflation data due this week. The indexes had rallied to record highs since the Nov. 5 U.S. election as investors bet on a boost to equities from President-elect Donald Trump's proposed tax cuts and the prospect of easier regulatory policies.

Asian shares are mostly declining amid uncertainty ahead of the United States presidential election next week

Gold prices held steady on Tuesday as investors looked forward to a slew of U.S. economic data for clues about the Federal Reserve's interest rate outlook.

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Fed rate cuts, and the past jobs data. However, Kaiser can now give a sigh of relief, as the market seems to be taking the course of normalizing and growth, as their is a chance of «hugely bullish» outcome for equities this week.

US recession is very slowly becoming a distant possibility, looking at the latest economic data, that is slowly pointing towards a downward trend in US stocks. US recession fears have begun mounting steadily over the course of time, since early August, and the July jobs data somehow became a triggering factor after the employment rate began growing steadily. Even though the US stock markets was able to recover from previous dips related to the employment data, but there are major issues still persisting in the markets, which are working against the economy, and have chances to bring in recession into the United States.

Federal Reserve will cut interest rates modestly in September. U.S. consumer spending increased solidly in July, suggesting the economy remained strong while prices rose moderately.

Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...

Bitcoin gained nearly 1% in the past 24 hours but remains below the $60,000 mark. The global crypto market cap increased by 0.63% to $2.1 trillion. As of 12:09 pm IST, Bitcoin was trading at $59,724, up nearly 1%, while Ethereum rose by 3.6% to $2,557.

shares of crypto-linked companies slumped as bitcoin fell more than 15% on Monday, after weak economic data last week triggered fears of a recession and set off a frenzied selling of risky assets. The plunge marks a stunning reversal for the sector that until recently was riding a wave of optimism sparked by the approval of exchange-traded funds (ETFs) tied to the spot prices of bitcoin and ether, the two biggest cryptocurrencies.

Bitcoin began the week on a high note, trading at around $68,000. Market participants were buoyed by optimism about Donald Trump’s potential election win. Tuesday marked a significant milestone in the cryptocurrency market with the trading debut of Ether ETFs following the SEC's approval. This development was highly anticipated, as it represents a significant step towards mainstream acceptance and institutional adoption of Ethereum, the second-largest cryptocurrency by market capitalization. The approval of Ether ETFs is seen as a validation of the crypto sector, encouraging further investment and interest. The mid-week brought a downturn, with Bitcoin falling back to the $64,000 level. This decline was partly driven by disappointing earnings reports from major tech companies like Alphabet and Tesla. As tech stocks tumbled, the ripple effect was felt in the cryptocurrency space. Another factor contributing to the mid-week slump was the continued selling pressure from Mt. Gox creditors. The combined effect of tech stock declines and Mt. Gox-related selling pushed Bitcoin down to the $64,000 mark.

Today’s economic focus centers on the release of the Empire State Manufacturing Index, which registered at -6.6, underperforming against expectations of -6.0 and last month’s -5.5. This indicates a contraction in manufacturing activity in New York State, reflecting broader economic pressures and impacting Bitcoin price.

Bitcoin (BTC/USD) is currently hovering around $71,000, marking a slight decrease of 1%. Despite this, the key pivot point at $70,600, indicated by the green line on the chart, is a crucial marker for traders eyeing a positive shift in crypto price predictions.

In his final speech as deputy governor at a Bank of England event yesterday (20 May), he argued the large inflationary shocks brought by the pandemic and the war in Ukraine are now over, with economic data stabilising over the last year or so. Bank of England mirrors Federal Reserve and holds interest rates As such, he argued if data follow the current forecasts, the BoE is likely to begin cutting rates at some point over the summer. «Whatever the priors of its individual members, the MPC will continue to learn from the incoming data and, if things continue to evolve with its forec...

The rupee closed at 83.3150 against the U.S. dollar, barely changed from its close of 83.3225 in the previous session.

Gold prices were stuck in a tight range on Thursday as investors looked to U.S. economic data for further clarity on the Federal Reserve's interest rate path.

Gold and silver prices Today on 25-03-2024: Check latest rates in your city The PCE data serves as the Federal Reserve's preferred measure of inflation, and any market response to it will likely be observed in the following week due to the Good Friday holiday. "Higher-than-expected PCE figures may prompt spot gold to pare some of its month-to-date gains," said Han Tan, chief market analyst at Exinity Group, was quoted as saying by Reuters. Tan remarked that the increased gold prices were indicative of the anticipation for imminent Fed rate cuts.

It will be a strange week, given the calendar’s lunar eclipse on Monday and the market’s closure on Friday. Add to that a PCE report on Friday, the day the market is closed, and a Jay Powell interview on the same day.