Central Bank Actions 17 | MachinaTrader.com

US Consumption Remains Strong Despite Delinquency, Chinese Central Bank Intervention Examined on Macro Markets

The latest episode of Macro Markets featured Cointelegraph analyst Marcel Pechman discussing the strength of US consumption despite increasing auto-loan and credit card delinquency. Pechman believes that consumers have built up a cushion of extra cash savings due to government stimulus and student loan repayment forgiveness. However, according to JPMorgan, this cushion has been spent […]

Bitcoin Price Slumps Amid Economic Uncertainty Ahead of Powell’s Speech

Bitcoin (BTC) has seen a drastic drop in its price below $26,000, losing all of Wednesday’s price gain amidst the declines in traditional markets. Ethereum (ETH) has seen a 0.88% decrease in the last 24 hours but up to 3% drop from Wednesday’s high.Traditional assets are also caught in the sudden turbulent market; the equity […]

Bitcoin Price Barely Above 2017 All-Time High After Six Years, Inflation Adjusted

Bitcoin (BTC) is still worth $20,000 nearly six years after first reaching it — if adjusted for inflation. According to data from sources including U.S. Inflation Calculator, BTC price performance has de facto stayed static since 2017. This means that the current Bitcoin spot price — $26,050 — reflects six years of practically static BTC […]

Turkey’s Central Bank Raises Key Interest Rate to 25%, Strengthening Lira

Turkey’s Central Bank has increased its key interest rate to 25%, more than the 20% that economists expected. Following the news, the Turkish Lira has gained slightly against the Dollar and the Euro.The aggressive move comes as a shock to observers, as the previous primary policy rate stood at 17.5%. The hike indicates that Turkey […]

Chainlink Price Drops 4% Amid Crypto Market Correction

Chainlink (LINK) price has dropped 4% on Aug 24, following a broader crypto market correction. The drop appears to be influenced by macroeconomic catalysts, such as Jerome Powell’s economic outlook at the annual Jackson Hole symposium and the Federal Reserve Bank of Boston President Susan Collins’s signal of more rate hikes.From a fractal standpoint, Chainlink’s […]

Central Banks Battle Post-Pandemic Inflation with Shrinking Balance Sheets

The global economy is facing a new challenge as central banks attempt to combat post-pandemic inflation. As a result, balance sheets are shrinking, leading to a decrease in the amount of money available to businesses and consumers. This could have a significant impact on the global economy, as it could lead to a decrease in […]

Bitcoin Could Benefit from ‘Flawed, Corrupt, and Parasitic’ Fiat Banking System, Says BitMEX Founder Arthur Hayes

Jerome Powell, the Federal Reserve chairperson, has been facing criticism for his stance on using the same approach that helped the US get rid of inflation several decades ago. Arthur Hayes, the founder of BitMEX, has argued that the current economic and monetary conditions in the US are vastly different from what they were in […]

Crypto Market Gains: Bitcoin, Solana, Near, and Cardano Lead the Way with Upturn Potential

Cryptocurrencies have been showing impressive gains, with Bitcoin rising beyond the $26,600 mark and Ether aiming for the $1,700 threshold. Layer 1 blockchain Solana surged by 7% post its integration with Shopify, boosting USDC stablecoin payments. Meanwhile, NEAR Protocol’s native token, NEAR, witnessed a 6% boost, primarily due to its adoption by crypto lender Nexo. […]

Exploring the Potential Benefits of Central Bank Digital Currencies

The Reserve Bank of Australia (RBA) and the Digital Finance Cooperative Research Centre (DFCRC) recently released a report detailing the implications of a central bank digital currency (CBDC). The report was based on a pilot CBDC issued to selected industry participants, which enabled a deep dive into the legal, regulatory, technical, and operational facets of […]

Hedera Hashgraph Surges 10% Despite Wider Crypto Market Downturn, Reaches 18 Billion Transactions and Integrates with FedNow

Hedera Hashgraph has shown resilience in the face of a gloomy crypto market, with its total value locked (TVL) surging by 10% over the past week and 26% over the last month. The network has now surpassed 18 billion transactions and its cryptocurrency $HBAR is up by more than 16% over the last two weeks.Dropp, […]