Grayscale Research Says Government Debt Fuels 'Debasement Trade,' Boosting Bitcoin
Grayscale research links rising U.S. debt to a debasement trade that will benefit bitcoin, citing Treasury buyback moves.
5 h ago8 min read
Macro Rates
Wall Street ends lower as rate hike expectations grow
US stocks ended lower Wednesday after the Fed signaled a September rate hike, with small caps leading declines.
5 h ago6 min read
September's Perilous Pattern Engulfs Bitcoin, Bonds, Stocks
Bitcoin nears $80,000 as September midterm risks loom, with the Fed debating a rate hike and US stocks near highs.
6 h ago13 min read
Payroll benchmark revision cuts 79,000 jobs from count
A preliminary benchmark revision to non-farm payrolls removed 79,000 jobs, contrary to expectations of a gain.
7 h ago2 min read
Goolsbee echoes Warsh: Inflation is Fed's top concern
Goolsbee agrees inflation is the main issue and backs steady rates at July FOMC.
9 h ago2 min read
Dollar-yen climbs through 100-day MA as Powell comments support rally
USDJPY broke above its 100-day MA and 160.00, reaching 160.15, backed by hawkish Fed comments and rising US yields.
9 h ago6 min read
EURUSD slides to new lows, challenges major support cluster
EURUSD tumbled on hawkish Fed rhetoric, probing a crucial support cluster between 1.1587 and 1.1594 as yields and the dollar rallied.
10 h ago7 min read
Bitcoin Recovers After Initial Drop Following Fed Chair's Inflation Remarks
Bitcoin dropped to $78,630 then recovered to $79,474 after Fed Chair Warsh's inflation comments.
10 h ago8 min read
Dollar gains after hawkish comments from Fed's Warsh
The US dollar rose after Fed Chair Warsh's hawkish remarks; market sees 46% chance of September rate hike.
11 h ago2 min read
Market Reassesses Fed Policy after Warsh's Hawkish Tone, Dollar Strengthens
The dollar rose after Warsh's hawkish comments raised September rate hike odds to 57%, pushing the euro lower.
11 h ago5 min read
Fed's Warsh flags rising alarm over price stability data
Fed's Warsh says inflation data is more concerning, signals possible rate hike.
12 h ago4 min read
Final August consumer sentiment index comes in at 51.7, topping initial estimate
The University of Michigan's final August consumer sentiment index rose to 51.7, beating the initial estimate of 51.0.
12 h ago8 min read
Warsh speech impact on major currency technicals
Currency pairs near technical levels ahead of Fed Chair Warsh's speech; yields edge higher.
12 h ago4 min read
Fed's Hammack urges immediate rate hikes, warns delay causes harm
Hammack repeats call for rate hikes as inflation stays near 3% and financial conditions seen as not restrictive.
13 h ago2 min read
Canada's Q2 GDP annualized rate misses forecast at 3.3%
Canada's second-quarter GDP grew at a 3.3% annualized rate, below expectations of 3.4%. June monthly GDP rose 0.3%.
13 h ago3 min read