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Share link:In this post: According to John Williams, president of the Federal Reserve Bank of New York, the U.S. economy is performing well, and there’s no immediate need for interest rate cuts. Recent inflation data are encouraging, and Williams expects price pressures to continue easing, with a disinflationary process continuing this year and next. Fed officials have lowered their expectations for rate cuts this year, projecting only one decrease and maintaining the benchmark rate at a two-decade high.Di
Bitcoin has fallen through a key price support that could signal an 8%-12% correction, potentially leading the price to decline towards $60,000, CryptoQuant analysts said.Traders closing their basis arbitrage trades have led to a significant decline in futures market activity and increased downside pressure for bitcoin, an analyst added.
- 16:29Opinion: Bitcoin Is Now More Than Just ‘Digital Gold’, It's Part of the Global Financial InfrastructureAs Bitcoin turns 16 years old with the release of its whitepaper, Trust Machines' Rena Shah points out that Bitcoin is now more than just “digital gold,” it is a core component of the global financial infrastructure. 2024 marks a key inflection point for the Bitcoin ecosystem, including the expansion of Layer 2, the proliferation of Ordinals, and the accelerated entry of institutions, 2024 marks a key inflection point in the Bitcoin ecosystem, including the expansion of Layer 2, the proliferation of Ordinals, and the accelerated entry of institutions. Bitcoin ETFs driven by financial giants such as BlackRock have attracted more than $1.5bn in inflows, signalling Bitcoin's widespread acceptance by the traditional financial system.
- 16:26ETH falls below $2,500, down 2.70% on the dayThe market shows that ETH has just fallen below $2,500 and is now at $2,493.32 per coin, down 2.70% intraday.
- 16:26The past 24 hours across the network contract burst $ 271 million, the main explosion of long ordersNovember 1, data show that the past 24 hours cryptocurrency market network contract burst 271 million U.S. dollars, of which the long single explosion of 198 million U.S. dollars, the short single explosion of 73,334,600 U.S. dollars. BTC burst a total of 91,451,100 U.S. dollars, ETH burst a total of $ 38,321,800 U.S. dollars.
