The cryptocurrency market saw the price of Bitcoin (BTC) jump to an all-time high this week due to the US government shutdown and some investors seeking safe havens. However, gains for altcoins were pallid compared to Bitcoin. However, there’s plenty of altcoin activity and economic developments to keep an eye on in the cryptocurrency market
The Federal Reserve’s October rate decision could trigger unexpected shocks in U.S. stocks and Bitcoin as unresolved federal government shutdown risks cloud the outlook. Government shutdown delays key data ahead of FOMC meeting A partial federal government shutdown began on Oct. 1, shuttering many non-essential services including the Bureau of Labor Statistics (BLS). This shutdown
Global demographic shifts and rising wealth could power cryptocurrency adoption and asset demand well into the next century. Demand for global assets, including cryptocurrencies, is expected to be driven by an aging global population and increased productivity worldwide, resulting in an older population with more capital to invest. This dynamic will drive asset demand until
Stablecoins, tokenized versions of fiat currencies that move on blockchain rails, will eventually force banks and other financial institutions to offer customers yields on their deposits to remain competitive, according to Patrick Collison, CEO of payments company Stripe. The average interest rate for US savings accounts is 0.40%, and in the EU, the average rate
The Magnificent 7 collectively reached a combined market capitalization of $20.8 trillion, surpassing the EU’s GDP of $19.4 trillion. The GDP of the European Union stood at USD 19.42 trillion in 2024 and was expected to increase slightly to over USD 19.65 trillion in 2025. The European Commission revealed that the spring forecast projected real
An asset manager known for exchange-traded funds geared toward risk-embracing investors wants to ratchet up the possibilities for these thrill-seekers, filing an application for 49 funds offering three times long and short leveraged exposure to tech and crypto-focused firms, gold, and ETFs that individually track the price of Bitcoin, Ethereum and Solana, among other assets.
President Donald Trump said this week that his administration is exploring a “distribution” of as much as $2,000 apiece to the American people on account of the funds generated by his tariff policies. “We also might make a distribution to the people, almost like a dividend to the people of America,” the president said in
Digital asset treasury (DAT) companies that tokenize their stocks on the blockchain compound the risks to investors and their own businesses, according to several crypto industry executives. “Blockchains trade 24/7, whereas traditional markets have specific hours of operation,” Kadan Stadelmann, chief technology officer of the Komodo decentralized exchange platform, told Cointelegraph. Sharp onchain price movements
Ever get the feeling that the world is spinning faster than at any point in living memory? If you haven’t, you’re not looking at the right data. In today’s new economic order, holding real, tangible assets isn’t a preference; it’s a necessity. As the Fed cuts rates into persistent inflation and the deficit spending sits