In mid-August, bitcoin’s price dipped below $ 60,000, hitting a low of $ 56,646 per BTC on Thursday. Currently, BTC is hovering just above $ 58K, sitting at $ 58,267, which is about 20.2% lower than its all-time high (ATH) of $ 73,737 reached on March 14. While BTC has …
Gold Breaks $2,500 per Ounce, Reaching Historic Highs Powered by Fed’s Decision and Geopolitical Risks
Gold prices reached historic highs on August 1, breaking the $ 2,500 mark on the New York Comex exchange. The precious metal reached a price of $ 2,502.6 for the first time in its history, influenced by the U.S. Federal Reserve’s decision to leave interest rates unchanged, geopolitical risks, and the constant demand …
No Rate Cuts Yet: Fed Maintains Rates at Historic Highs
The U.S. Federal Reserve has opted to maintain the federal funds rate target range at 5.25-5.5%, according to the latest report from the Federal Open Market Committee (FOMC). The committee noted that while inflation has eased over the past year, it remains somewhat elevated, with the overarching goal being to bring inflation down to the […]
Salvadoran Basic Goods Basket Rose to Historic Highs in June
The price of the Salvadoran basic goods basket, a group of foods and vegetables considered essential, rose to all-time high levels in June. The increase was pushed due to the price hikes in vegetables, going over the $ 260 barrier and reaching $ 262.17. President Bukele recently expanded the action of the Farmers’ …
Ethereum ETFs Could Drive Prices to New Highs, Says Bitwise CIO
Ethereum prices are poised to reach new all-time highs, according to Matt Hougan, chief investment officer at Bitwise. Hougan’s analysis suggests that the introduction of spot ethereum exchange-traded funds (ETFs) will significantly impact ether prices, potentially driving them above $ 5,000 by year-end. Bitwise’s Hougan: Ethereum ETFs to Push Prices Above $ 5,000 …