According to strategists at Goldman Sachs, the markets appear to be overly optimistic about the pace at which inflation will recede. Despite projecting further decreases in inflation, the strategists caution that the markets are much more hopeful about the rate of cooling. In a note issued on Friday

The cryptocurrency markets traded at their lowest levels in three months as a result of regulatory uncertainty and a lack of clarity around stablecoins.Source: n26.comOn June 15, the overall market value of cryptocurrencies dropped to $1.02 trillion, the lowest level in three months. Although the st

JPMorgan Anticipates Dollar Supremacy to Continue Regardless of China Surpassing US as the World's Biggest EconomyJPMorgan strategists predict that although China is projected to become the world's largest economy by 2030, the U.S. dollar is likely to retain its dominant position throughout the 21st

During a congressional hearing, United States Treasury Secretary Janet Yellen addressed the issue of countries seeking to establish alternative reserve currencies to challenge the dominance of the US dollar. Yellen acknowledged that this trend is to be expected, driven by countries wanting to avoid

Sam Bankman-Fried, a co-founder of FTX, is now facing two distinct trials for his alleged mismanagement of the cryptocurrency exchange after the DOJ's charges against him were added after his extradition to the U.S. A District Judge ordered a separate trial for those charges, which were added after

BlackRock Submits Application for Groundbreaking Bitcoin ETF in the USBlackRock, the world's largest investment company, has applied for a Bitcoin spot exchange-traded fund (ETF) in the United States. If approved, it would mark the country's first crypto spot ETF and signify a significant developmen

1. Market TrendBetween June 12 and June 14, the BTC price fluctuated between $25,602.11 and $26,433.21, with a volatility of 3.24%. According to the 1-hour candle chart, BTC has experienced little volatility and has maintained a relatively stable trend, running above the support level of $25,500. On

As the Federal Reserve held off on raising interest rates, the price of Bitcoin fell by 4%.Source: coin-turk.comFollowing a hawkish Fed pronouncement in the midst of yet another volatile week for the cryptocurrency sector, the price of Bitcoin has dropped below the $25,000 threshold for the first ti

Hong Kong's central bank, the Hong Kong Monetary Authority (HKMA), has reportedly exerted pressure on major banks, including HSBC, Standard Chartered, and Bank of China, to accept cryptocurrency exchanges as clients. The HKMA raised concerns during a meeting in May, questioning why these institution

Miami Mayor Francis Suarez, an Advocate for Bitcoin, Enters the 2024 US Presidential Election RaceMiami Mayor Francis X. Suarez, known for his support of cryptocurrencies, has officially entered the 2024 US presidential race as a Republican candidate. In contrast to Joe Biden and Donald Trump, Suare