Ad Arthur Hayes said Bitcoin won’t hit $1 million in 90 days. However, the former BitMEX CEO told Bankless Podcast host David Hoffman that he thinks BTC can “absolutely” go to a million this cycle. “Do I think Bitcoin is going to a million dollars in 90 days? No, I do not. Do I think…
The co-founder of Real Vision, Raoul Pal, poured cold water on the likelihood of Bitcoin hitting $1 million in the next 90 days. Pal told Anthony Pomplino that Balaji Srinivasan’s $1 million Bitcoin bet has zero chance of happening. However, he said the concepts underlying the bet, namely the impact of hyperinflation on asset prices,…
Macro Highlights U.S inflation is too high for rate relief but mostly in line with expectations ECB raised a further 50bps taking their deposit facility rate to 3% Silicon Valley Bank files for chapter 11 bankruptcy Credit Suisse and First Republic Bank continue to be provided with liquidity Fed initiated stealth QE as balance sheet grows…
Ad The Federal Reserve Board announced that it will lead a review of its own supervision of Silicon Valley Bank (SVB), according to a statement on March 13. Fed will look into its own regulation Vice Chair for Supervision Michael S. Barr said that SVB’s failure necessitates “humility and … a careful and thorough review”…
Ad TLDR At the upcoming Federal Open Market Committee (FOMC) meeting on March 22, a 25 basis point rate hike is the favored probability. A terminal fed funds rate of 5.50% with a 25bps cut at the end of the year The Unemployment Rate went up to 3.6% from 3.4% GBTC discount narrows after SEC…
Ad According to CryptoSlate data, the total crypto market cap fell below $1 trillion, marking a three-week low. Similarly, market leader Bitcoin lost $22,000 as bears took control. Recent days have seen the build-up of notable headwinds, including Silvergate going into voluntary liquidation and mounting speculation that the Fed will exercise a 50 basis point…
Ad Summary Money markets continue to price in higher peaks for central banks rates, which include the U.S. and EU, as economic growth is holding up better than expected as CPI inflation continues to run hot, and yields continue to rise. The mantra across central banks is ‘Higher for longer’ as the US money market…
Ad Fed minutes in-brief: 2% targeted inflation Low unemployment, 3.5% Fed funds target rate, 4.5% to 4.75%. Debate among meeting participants whether to raise interest rates by 50 basis points BTC remains stable at around $23.8k, down 2.7% 24H. Committee outlook The Fed released its latest round of minutes today, announcing that job market conditions…
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Disclaimer: By using this website, you agree to our Terms and Conditions and Privacy Policy. CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, blockchain companies, blockchain products and blockchain events. None of the information you…