turbulence

Bitcoin Price Plummets Below $54,000 After US Jobs Report: Market Turbulence and Potential Fed Rate Cut Looming

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Bitcoin Price Plummets Below ,000 After US Jobs Report: Market Turbulence and Potential Fed Rate Cut Looming

Bitcoin Plunges Under $54K As Weak US Jobs Data Shakes Markets Bitcoin fell below $54,000 on September 6, 2024, following a disappointing US nonfarm payrolls report. This led to volatility in the crypto market, with Bitcoin losing roughly 4% in 24 hours and trading at $54,101. Other major altcoins, such as ether, XRP, and DOGE, … Read more

Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

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Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

The US economy is experiencing turbulent times, with inflation rates rising and the Federal Reserve’s efforts to curb inflation falling short. This has led to a loss of value in US Treasurys, raising concerns about the impact on risk-on assets such as Bitcoin and the stock market. The influx of government debt into the market … Read more