Bitcoin Whales in ‘Accumulation Phase’ After Trump Inauguration: CryptoQuant
Selling pressure for Bitcoin has been reduced greatly after realizing daily profits as high as $10 billion as the asset approached $100,000 in December.
Selling pressure for Bitcoin has been reduced greatly after realizing daily profits as high as $10 billion as the asset approached $100,000 in December.
(Bloomberg) -- The strength of the US economy is making BlackRock Inc. Chief Executive Officer Larry Fink wonder if the Federal Reserve may have to resort to increasing interest rates later after easing in the short term.Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresHoboken PATH Station Will Close for Almost a Month on Jan. 30Texas HOA Charged With
Boeing shares are falling in premarket trading after the plane maker said it anticipates reporting a far wider-than-expected fourth-quarter loss following a nearly two-month strike that crippled production.
President Donald Trump’s administration is expected to usher in a boom time for crypto but a Reuters review shows very few members of the incoming congress are invested in bitcoin or other digital currencies. On Thursday, Trump signed an order to create a cryptocurrency working group to open up the regulatory framework, and just days before he took office he launched a new crypto token. But while many Republicans in Congress have pledged to support Trump’s agenda, a Reuters review of the most recent financial disclosures by the 535 incoming members of Congress found that few have made personal investments in crypto: only 13 members of the House and Senate had investments in cryptocurrencies as of their most recent filings.
(Bloomberg) -- Emerging-market currencies are gaining during the first week of Donald Trump’s second term, helped by a softer than expected rollout of US tariffs and no new levies on Chinese imports. Most Read from BloombergWhat Happened to Hanging Out on the Street?How Sanctuary Cities Are Preparing for Another Showdown With TrumpBillionaire Developer Caruso Slams LA Leadership Over WildfiresTexas HOA Charged With Discrimination for Banning Section 8 RentersHoboken PATH Station Will Close for A
The Federal Reserve's first meeting of 2025 in the coming week stands to test the resurgence in U.S. stocks as investors gauge the extent of more equity-friendly interest rate cuts in the months ahead. Stocks swooned after the Fed's last meeting in December, when the central bank downgraded its forecast for rate cuts as it braced for firmer inflation this year. The Fed is broadly expected to pause its easing cycle when it gives its monetary policy statement on Wednesday, with investors instead focused on "what would need to happen for them to start talking about resuming the rate cuts," said Angelo Kourkafas, senior investment strategist at Edward Jones.
Did you know that if you invested just $100,000 in Bitcoin (CRYPTO: BTC) 10 years ago, you'd be up more than $43 million today? Bitcoin has been soaring in popularity in recent years, proving to be one of the best investments you could have owned over the past decade. Many investors have been hesitant to invest in crypto, but for those who have and held on, the gains have been monstrous.
At their last meeting in December, U.S. Federal Reserve officials were worried about inflation getting stuck above their 2% target and had watched job gains seesaw in what seemed an emerging decline. Measures of policy uncertainty have spiked since Donald Trump's election win in November. After cutting its benchmark rate a full percentage point in the final three meetings of 2024, the Fed is expected to pause and leave it unchanged in January in the 4.25%-to-4.50% range as policymakers assess how much longer "tight" monetary policy is needed and how much they would need to cut to reach a "neutral" rate of interest.
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Economic losses from hurricanes and other natural disasters soared in the U.S. last year and were above average globally, reflecting another year of costly severe storms, floods and droughts. Damage caused by Hurricanes Helene and Milton helped push total economic losses from natural disasters in the U.S. to $217.8 billion last year, according to insurance broker Aon PLC. That figure represents an 85.3% increase from 2023, when losses totaled about $117.5 billion. Insured losses, or the portion of economic losses that are covered by insurance, also rose last year.