Cryptocurrencies have experienced a rally, reflecting the upbeat mood in global markets, even as concerns persist regarding tech valuations linked to the excitement surrounding AI. Markets reacted positively to J.P. Morgan’s arrangement of a landmark commercial paper issuance on the Solana Public blockchain, highlighting the ongoing institutional support for cryptocurrencies, and the overall crypto market … Read more
Cryptocurrencies have experienced a rally, fueled by persistent hopes for a Fed rate cut, even as bond yields have surged and gold prices have retreated. Sources indicates that the probability of a quarter percentage rate cut in the Fed’s upcoming decision on December 10 has risen to 87.4 percent, up from 86.2 percent just a … Read more
Sentiment in cryptocurrency markets has declined as concerns grow ahead of the forthcoming release of the PCE-based inflation readings from the U.S. for September. The postponed data is quite significant, as inflation readings based on PCE are regarded as the preferred gauge of inflation by the Fed. On Thursday, outflows from Bitcoin and Ethereum Spot … Read more