4 Bitcoin Related Stocks in Focus as Fed Readies Rate Cut
Crypto-centric stocks like NVDA, IBKR, HOOD and SQ are expected to gain once the Bitcoin rally resumes.
Crypto-centric stocks like NVDA, IBKR, HOOD and SQ are expected to gain once the Bitcoin rally resumes.
Sales of existing homes rose in July as house hunters ventured back with mortgage rates lower than a year ago.
According to BlockBeats, on August 23, European Central Bank (ECB) Governing Council member Kazaks expressed a very open attitude towards discussing a rate cut in September, suggesting that a gradual reduction would be the best approach.Kazaks indicated that even if inflation remains stable, a rate cut is still a possibility.
Sen. Cynthia Lummis (R-Wyo.), a known cryptocurrency and Bitcoin (CRYPTO: BTC) advocate, claimed there is nothing to suggest that Democratic presidential candidate Kamala Harris will support the industry, although fresh developments may suggest otherwise. Don't Miss: If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019, here’s how much you’d have today. 1 in 4 Americans own a share of Bitcoin according to NASDAQ, how many people got started through this free crypto faucet?
According to BlockBeats, on August 23, Federal Reserve's Collins indicated that the current timing appears suitable to begin easing monetary policy.
Investors are eagerly awaiting US Federal Reserve chair Jerome Powell's speech at the Jackson Hole symposium.
Oil prices have given up nearly all their gains for the year, weighing on energy ETFs.
According to Odaily, BlackRock's Chief Investment Officer Rick Rieder has called for the Federal Reserve to lower interest rates at its September meeting. Rieder believes that a rate cut is necessary to reinvigorate economic growth and alleviate consumer debt pressures. He specifically suggested that the Federal Reserve should reduce rates by 50 basis points in September.
Separately Managed Accounts, or SMAs, offer significant advantages over ETFs for institutional investors who want to invest in crypto via actively managed accounts.
The potential for a U.S. strategic bitcoin reserve sparks debate on government control and cryptocurrency's future.