Federal Reserve Chair Jerome Powell signaled policymakers will wait longer than previously anticipated to cut interest rates following a series of surprisingly high inflation readings. Powell pointed to the lack of additional progress made on inflation after the rapid decline seen at the end of last year, noting it will likely take more time for officials to gain the necessary confidence that price growth is headed toward the Fedâs 2% goal before lower borrowing costs. If price pressures persist, he said, the Fed can keep rates steady for âas long as needed.â âThe recent data have clearly not given us greater
Bitcoin miners could sell $5 billion worth of BTC after halving , analysts at 10x Research believe . The pressure on BTC from miners can continue for 4-6 months, and only then will a âpost-halving rallyâ begin. This has happened historically, analysts say. The chart shows an example of BTC price behavior after the halving in 2020.
Bitcoin Volatility More Concentrated During US Opening Hours
According to Bloomberg, Bitcoin's volatility has been more concentrated during US opening hours, with a larger gap between high and low prices compared to Asia, according to research firm Kaiko. This pattern was also evident in February after the token's price surged. US Bitcoin funds from companies like Grayscale Investments and Osprey Funds have been driving the price higher, while Asia has been more cautious in its approach.
In contrast, Asia appeared to be the driving force behind Bitcoin's price surge in 2020. As of Tuesday, 9:28 a.m. in Singapore, Bitcoin slipped about 1% to $70,265. The cryptocurrency briefly surpassed $71,000 in the US on Monday before gains cooled to roughly 7% for the session. Over the past 12 months, the token has increased by 152% and is approaching its mid-March peak of almost $73,798.
Je me demande si cette crypto prometteuse pourrait franchir le seuil des 10 ou 15 dollars. Selon les analyses, elle montre un potentiel de croissance. Quâen pensez-vous ? #Crypto #ConvexFinance #cvx
Convex Finance current price is $ 4.24, it has increased +5.51% over the past 24 hours. Convex Finance's All Time High (ATH) of $ 60.33 was reached on 1 Jan 2022, and is currently -93% down. The current circulating supply of Convex Finance is 81.99 Million tokens, and the maximum supply of Convex Finance is 100.00 Million. Convex Financeâs 24 hour trading volume is $ 6.67 Million. It is traded on 34 markets and 39 exchanges, the most active of which is Binance. Convex Finance's current share of the entire cryptocurrency market is 0.01%, with a market capitalisation of $ 347.48 Million.