A 'bad recession' is a trigger for massive market selloff, Bitcoin price at risk of falling to $15,000 – Gareth Soloway
With just over two weeks since the approval of 11 spot Bitcoin ETFs and millions of inflows, the price of Bitcoin is down around 14% off its recent highs. However, a bigger risk for the world's largest cryptocurrency is a market selloff triggered by a bad recession, according to Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com.
De-dollarization threats: BRICS, Bitcoin, stablecoins and CBDCs – Morgan Stanley
As the trend of de-dollarization grows, Morgan Stanley says the future global currency landscape is being shaped by BRICS, Bitcoin, stablecoins and CBDCs.
Gold prices remain steady after U.S. weekly jobless claims slide to 187K
(Kitco News) - Gold prices are trading near the middle of their daily range after the number of American workers applying for first-time unemployment benefits last week came in well below expectations.
BRICS Plus expansion is accelerating petrodollar collapse, ultimately leading to massive global dollar dump – Schechtman
The BRICS expansion is a major catalyst for the ultimate demise of the U.S. dollar, with the additional five new members accelerating the de-dollarization process as they increase trade in local currencies and buy and sell oil not using the dollar thereby further destabilizing the petrodollar, warned Andy Schectman, President and Owner of Miles Franklin Precious Metals.
Is Bitcoin ban possible after SEC’s spot Bitcoin ETF approvals?
As Bitcoin gets embraced by a wider audience via the new spot Bitcoin ETFs, is the asset still at risk of getting banned in the U.S.? Author of ‘The Bullish Case for Bitcoin,’ Vijay Boyapati, warns that Bitcoin might not be out of the woods yet.
Soft landing is a farce: Super QE and U.S. dollar debasement coming as Fed pivots – Matthew Piepenburg
As markets attempt to guess the timing and the number of rate cuts the Federal Reserve is likely to introduce this year, investors should be prepared to see massive quantitative easing that will have a major impact on the U.S. dollar, according to Matthew Piepenburg, Partner at Matterhorn Asset Management.
USD gold market hides a massive shift: Global demand is now price-insensitive
(Kitco News) - While it’s true that gold and other commodities are denominated in USD, and that the greenback, even under duress, remains unchallenged as the world’s reserve currency, it’s not the only currency that matters. Or is it?
Gold prices stuck in neutral following mixed U.S. flash PMI data
(Kitco News) - The gold market is not seeing much movement as the U.S. economy sees solid improvement in the manufacturing sector but slower growth in the service sector.Thursday, S&P Global said its preliminary Purchasing Managers Index for the manufacturing sector rose to 51.5, up from January’s reading of 50.7. Activity in the manufacturing sector was better than expected as economists forecasted a relatively neutral reading at 50.5.Activity rose to its highest level in 17 months, the report said.