Crypto products post $726M outflows amid rate cut uncertainty
CoinShares expects that a 50-basis-point cut is more likely if inflation comes in below expectations in the upcoming inflation report on Sept. 10.
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CoinShares expects that a 50-basis-point cut is more likely if inflation comes in below expectations in the upcoming inflation report on Sept. 10.
The report claimed, a cash treasury supplemented with a 3% allocation to Bitcoin would have shielded companies from inflation since 2020.
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CoinShares expects that crypto investment products will become increasingly sensitive to interest rate expectations in September.
According to veteran trader Peter Brandt, the United States dollar has lost over 90% of its value since the 1950s due to inflation.
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The higher-than-anticipated US core Consumer Price Index (CPI) reading was followed by a decline in Bitcoin (BTC) price as it tumbled almost 1.5% to $56,168 at press time. US Headline CPI Matches Forecast, Core CPI Exceeds It US headline CPI, the metric typically used to assess the inflation rate in the country, came in according [...]
The post Bitcoin Tumbles Following Higher Than Anticipated US Core Inflation Data appeared first on Crypto Breaking News.
Ethereum (ETH) has turned inflationary in Q2 2024, adding 75,301 ETH to the network, marking a significant shift from its deflationary trend since late 2022. (Read More)
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The Bitcoin advocate aims to influence the political leader to consider Bitcoin a viable and strategic component of the national economy.
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