Topic: tapering

Bitcoin rallies 9% in tandem in US stocks amid easing Evergrande debt default tensions

Bitcoin rallies 10% in tandem with US stocks amid easing Evergrande debt default tensions

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BTC/USD pair recovered from bearish depths along with US and European stocks. Easing concerns about a potential debt default by Evergrande fuelled the rally. Federal Reserve’s tapering decision and potential interest rate hike in 2022 didnt affect markets. Bulls must close above $46,441 for Bitcoin to resume a sustained rally. JAIPUR (CoinChapter.com) – Bitcoin rose […]

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Growing Bitcoin US stocks correlation amid Evergrande selloff disputes BTC's digital gold narrative

Growing Bitcoin US stocks correlation amid Evergrande selloff disputes BTC’s digital gold narrative

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Bitcoin behaved more like a risk-on asset quite similar to stocks deviating from its digital gold narrative amid the recent Evergrande led global market sell-off. The correlation between the BTC/USD pair and US equities reached its highest level this year.

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Bitcoin ticks above $50,000 as US labor market growth stalls amid Delta variant concerns

Bitcoin ticks above $50,000 as US labor market growth stalls amid Delta variant concerns

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Bitcoin resumed its uptrend above $50,000 after US job growth stalled in August. The US economy added a mere 235,000 jobs last month compared to July’s stellar addition of 943,000 jobs.

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Could Fed tapering cause a massive crypto market crash? The dollar answers

Could Fed tapering cause a massive crypto market crash? The dollar answers

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The US dollar is trading at its peak value and is abundantly circulating within the US economy. Thus, the Fed’s monthly asset purchase tapering would not significantly strengthen the USD and bring down cryptocurrency markets drastically.

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Bitcoin looks bullish as BTC tops $50,000 ahead of Fed's Jackson Hole meeting

Bitcoin looks bullish as BTC tops $50,000 ahead of Fed’s Jackson Hole meeting

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Bitcoin prices topped $50,000 on Monday. The top cryptocurrency’s rally came amid Bullish speculators anticipating a dovish outcome of the Fed’s next Jackson Hole meeting.

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Crypto market in limbo ahead of the tapering-oriented FOMC meeting

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The US Federal Reserve is creating ripples in the markets yet again. The United States apex bank plans to slow down its asset purchases, thanks to the indicators that the U.S. economy is on the road to recovery.

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