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The cryptocurrency market has further recovered from its recent dip. Bitcoin (BTC) has reclaimed the $85,000 price point. The global crypto market cap has risen 1.3% in the last 24 hours to $2.9 trillion. VeChain (VET) follows BTC’s trajectory as well. VET is up 2.4% in the daily charts and 10.4% over the previous week. Despite the recent rally, VET is down by 9% in the 14-day charts, 19.6% over the last month, and 31.5% since March 2024. Also Read: Pakistan Eyes Cryptocurrency Legalization to Attract Global Investors Source: CoinGecko Cryptocurrencies Climb As Rates Remain Unchanged Source: Watcher Guru The current market rally could be due to the Fed keeping interest rates unchanged after the latest FOMC meeting. The rate of inflation in the US has dipped in the last month. The Fed still intends to have two rate cuts this year. The rally could also be investors buying the dip. VET’s low prices may have attracted new investors to the project. Also Read: Ripple: AI Predicts ...

Bitcoin plunged after US Federal Reserve Chair Jerome Powell said the central bank will be “cautious” on rate cuts in coming months, but bounced back above $100K even as meme coins plummeted. Following the Fed’s announcement of a 0.25% interest rate cut on Dec. 18, BTC briefly dipped below six figures as Powell said the central bank will likely slow monetary easing in the coming months, a more cautious stance that spooked digital asset investors. While  BTC dropped to a low of $98,792.67 in the last 24 hours, m eme coins plummeted more than 8% with Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) all suffering steep declines. Bitcoin is trading down 2.4% at $101,738 as of 4:14 a.m. EST. Meme Coin Bloodbath Sees Leaders DOGE, SHIB, PEPE And BONK All Plunge The overall crypto market tumbled more than 3% to a market cap of $3.52 trillion. Meme coins felt the brunt of the sell off in the digital asset space . Canine-themed Dogecoin (DOGE) and Shiba Inu (SHIB)...

After months of easing, the US Consumer Price Index (CPI) has shown that inflation rose to 2.6% in October 2024. Indeed, the figure is up from September’s 2.4% and shows a rising inflation figure for the United States for the first time in seven months. The Federal Reserve had issued its second consecutive interest rate cut in response to the falling inflation. Although it had yet to reach the 2% target, the progress was optimistic, with the figure cooling steadily for more than two years. Now, all eyes are on how the Fed will respond and what the markets can expect for the next several months. https://twitter.com/WatcherGuru/status/1856691010392203358 Also Read: US Inflation Falls to 2.4% in September 2024 US Inflation Reverses, Rises to 2.6% After 7 Months of Cooling For the United States, the ongoing inflation fight has been among its most important battles. Since consumer inflation reached a 40-year high of 9.1% in 2022, the fragility of the country’s economy has been un...

BitMEX founder Arthur Hayes expects Bitcoin to be $750,000 by 2026. Here’s how and why. Love him or hate him, when Arthur Hayes speaks, people listen.  Last week, as a guest on Impact Theory with Tom Bilyeu, Hayes made the case for why he believes Bitcoin (BTC) price will hit $750,000 to $1 million by 2026. Hayes said, “I absolutely agree that there is going to be a major financial crisis, probably as bad or worse than the great depression, sometime near the end of the decade, before we get there we’re gonna have, I think, the largest bull market in stocks, real estate, crypto, art, you name it, that we’ve ever seen since WW2.” Hayes cites the nearly-predictable response of the United States government rushing in to intervene in every economic crisis with a bail out as a key catalyst behind the structural problems in the US economy. He explained that this essentially creates an endless cycle of central bank printing, which leads to inflation and prevents the economy from going throug...