News list for "Affected by the United States"
Due to the cold wave in the United States, the increase in electricity prices has led to the first reduction in the difficulty of bitcoin mining since the end of September 2024. According to the statistics of bitcoin mining company Luxor, the United States accounts for 36% of the global bitcoin hashrate, of which Texas contributes nearly half. The polar cold snap in January caused the cost of electricity in the United States to rise, and mining companies' profits were frustrated. Mining difficul...
Swissquote Bank has said that bitcoin has risen to a new all-time high, buoyed by expectations that US President-elect Trump will support the cryptocurrency industry. Swissquote analyst Ipek Ozkardeskaya said in a report that Trump may remove the scepticism of government entities towards cryptocurrencies and replace them with crypto-friendly regulators that will allow the industry to thrive in the United States. With a comprehensive and solid policy, banks can more easily...
U.S. consumer confidence climbed to its highest level in seven months in November, buoyed by Americans' optimism about the future of the economy and finances. The University of Michigan's preliminary consumer confidence index rose to 73 in November, beating expectations of 71. The expectations index surged to 78.5, the highest since mid-2021. The upbeat outlook also reflects Americans' expectations for a slowdown in inflation. Consumers are expecting tomorrow's...
Affected by the US election and winter time, the Federal Reserve will announce its interest rate decision at 03:00 am Beijing time on November 8 (Friday). According to the usual practice, the Federal Reserve will hold an interest rate meeting on Tuesday and Wednesday, and announce the result of the resolution in the early morning Beijing time on Thursday. However, this time it happened to coincide with the US election vote, so the Fed's interest rate meeting was postponed by one day. The 2024 US...
Bitcoin briefly surged above $68,000 on the back of optimistic predictions for the U.S. election, before stabilizing around $67,500 in early Asian trading on Monday. 'We expect the market to rise further as Trump's main economic policy is to lower interest rates and lower borrowing costs,' said Lucy Hu, senior analyst at Metalpha. 'This will definitely boost all risk assets, including BTC.' Hu added that in the medium to long term, until the 2025 election, we expect BTC to continue to rise.
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