U.S. Core Inflation Rose 0.3% in August, Faster Than Anticipated
Prior to this report, the Fed was widely expected to trim its benchmark lending rate by 25 basis points at its policy meeting next week.
Markets
Bitcoin Eyes $58K With Downtrodden Crypto Markets Exposed to Short Squeezes, Says Analyst
Bitcoin (BTC) was rising on Tuesday as the crypto market continued its rebound from last week’s fear-inducing plunge.
Trump-Harris Debate: Polymarket Shows Slim Odds of Crypto Mention
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First Mover Americas: Bitcoin Rises to $57K as ETFs End Losing Streak
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 10, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Crypto Retail Market Is Poised for a Rebound: Gemini
Crypto adoption has remained steady in the U.S. and the U.K. in the past two years, the report said.
Bitcoin Retakes $57K, but Potential Positive Catalysts Are ‘Sparse,’ Says NYDIG
The world’s largest crypto is bouncing after tumbling below $53,000 at one point last Friday.
First Mover Americas: Bitcoin Reclaims $55K Ahead of Tuesday’s Harris-Trump Debate
The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 9, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
A 0.50% Fed Rate Cut Could Raise Alarm for Bitcoin, 10X Research Warns
The Fed is expected to begin its much-anticipating rate-cutting cycle from next week.
Bitcoin Could Hit $90K by Year End if Trump Becomes President Again: Bernstein
If Kamala Harris wins, bitcoin could drop to as low as $30K, the report said.
Coinbase, Robinhood Upgraded by Barclays Analyst, Citing ‘Matured’ Business Models
British banking giant Barclays has upgraded both Coinbase (COIN) and Robinhood (HOOD) to equal weight from underweight, citing better business models.