Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
The Fed was dovish and as expected provided little natural support for the dollar. Both the ECB and BoE came and went, hardly making a currency ripple. Draghi mostly repeated things he had said before. The ECB's commitment to low interest rates for an "extended period of time" still makes the EUR vulnerable to further weakness; however, Friday's NFP report will affect the single currency's negative momentum for now.
The ECB made no changes to its benchmark interest rates, leaving it pegged at a record low rate of +0.5%. Draghi repeated the phrase about low interest rates (forward guidance), first uttered last month, disappointing a sector of investors who had been expecting more information. He reiterated that he and his fellow policy makers would keep rates low as long as the Euro-zone requires it. However, he has managed to keep the market in the dark by not elaborating on what that actually means.
In hindsight, anyone hoping for quantitative targets of rate...
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!