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While miners are still struggling with the revenue constraints associated with bitcoin prices below the $100,000 threshold, the shares of these publicly traded BTC mining companies are rising, suggesting a good start to the new year. Bitcoinminingstock. data shows that 31 publicly traded bitcoin mining companies have a combined market cap of $44.09 billion. Of these, 26 companies have witnessed an appreciation in the value of their shares relative to the U.S. dollar. Among the top 10 companies b...
Investors sold gold ETFs for the fourth year in a row despite the Federal Reserve's interest rate cut, while bitcoin ETFs were a "huge success", and 2025 could usher in a frenzy of innovation for cryptocurrency ETFs.
CNBC posted that despite the intense debate among the US election candidates, investors in the cryptocurrency industry generally believe that Bitcoin will maintain a strong performance for a long time, and it is expected to break through six figures soon. Steven Lubka of Swan Bitcoin said that regardless of who wins the November election, Bitcoin's value will almost certainly reach six figures. James Davies of Crypto Valley Exchange believes that even if Kamala Harris is elected as president...
Former U.S. Treasury Secretary Summers said that although the Federal Reserve failed to act quickly to deal with the 2021 inflation surge, setting a "low point" in its monetary policy history, it ultimately did enough to correct the economy. "I have to commend the Federal Reserve... While it's not always obvious, they acted strongly and forcefully enough to keep inflation expectations stable," Summers said. Summers said:...
Despite the heightened political turmoil in the United States, investors are still insisting that U.S. interest rates will fall this year. The odds of the Federal Reserve staying put next week and cutting rates on Sept. 18 are both above 90 percent, according to CME Group, and the odds of a total of three rate cuts this year are close to 50 percent. That's little changed from before Biden dropped out of the race. Wells Fargo economists said in a note that they expect the Fed to keep policy on ho...
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