With an ‘Aggressive’ Fed Rate Hike Expected Next Week, Shares and Crypto Markets Lose Billions

Investors will be focused on the U.S. central bank this Wednesday as Federal Reserve policymakers are expected to raise the benchmark interest rate aggressively. The top U.S. stock indexes saw significant losses at the end of the week, and the Nasdaq composite saw its worst four-month starting performance since 1971. Crypto markets have had a […]

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Jack Dorsey Muses on Social Media ‘Takeover,’ Ethereum Weaknesses; Plus the Most recent in Crypto Mining — Bitcoin.com News Week in Overview

Former Twitter CEO Jack Dorsey ponders Ethereum’s “single points of failure” and whether one man should be able to control an entire social media network, while Bitcoin.com News gives you the latest scoop in the world of ETH and BTC mining rigs. To top it all off, one economist predicts that the U.S. central bank’s […]

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Economist Predicts the Fed’s Response to Inflation Will Push Crypto Better

Allianz Chief Economic Advisor Mohamed El-Erian says that the Federal Reserve’s response to inflation will cause the prices of cryptocurrencies, like bitcoin, to “go higher.” He noted: “That’s what you get when you’ve waited too long to recognize what inflation is and to take action.” Predictions by Allianz’s Chief Economist Economist Mohamed El-Erian discussed the […]

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Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn’t Be Tremendously deal surprised if Stocks Fell 40%

The American economy continues to look gloomy and signals pointing toward a looming recession continue to appear. In a note sent to clients this week, Goldman Sachs’ chief economist said the bank envisions the “odds of a recession as roughly 15% in the next 12 months and 35% within the next 24 months.” Furthermore, the […]

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Rich Dad Heart-broken Dad’s Robert Kiyosaki Warns Hyperinflation, Despair Are Right here

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that hyperinflation and depression are here. He also warned that the biggest bubble burst is coming, advising investors to buy gold, silver, and bitcoin. Robert Kiyosaki’s Latest Warnings The author of Rich Dad Poor Dad, Robert Kiyosaki, gave a series of […]

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Inflation Rises Sharply within the US as User Costs in March Spiked to eight.5%

Inflation in the U.S. continues to remain red hot as consumer prices last month increased sharply to 8.5% in March compared to the same month last year. Metrics show the Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI) spiked last month at the fastest pace since December 1981. Inflation Continues to Hammer the US […]

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Bitcoin, Ethereum Technical Diagnosis: BTC Assist Above $40,000 Following Document U.S. Inflation Info

Bitcoin and ETH both fell below key price levels on Tuesday, as crypto bears continued to push prices lower. Despite this, both have now regained these levels following news that U.S. inflation rose to a record 8.5% year-over-year. Overall, cryptocurrency markets were down 1% as of writing. Bitcoin BTC dropped below its key level of […]

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