Markets and Economics News and Information Today

Shiba Inu price prediction for 2023, 2025 and 2030

Apr 11, 2023

Shiba Inu (SHIB) is still one of the most important meme coins in the crypto ecosystem. Dogecoin is indeed the mother of all meme coins and tokens. One could argue that SHIB is just another copy, but there is more to it. It is building its own unique DeFi ecosystem that is meant to create more value in terms of Dollars as well as user experience. This puts Shiba Inu in a special place when comparing it to other meme tokens that have no or less ambitious plans.

Bitcoin breaks 30k level: bear market behind us?

Apr 11, 2023

It took a while before we had another 3 at the beginning of the Bitcoin exchange rate. Measured in dollars, that is. But that's just the rate quoted across the globe - plus, we seize any excuse to celebrate. Congratulations, you survived the bear market! Right?

Anthony Scaramucci: Bear market might be over; Bitcoin could reach $1 million by 2030

Apr 07, 2023

Star investor, billionaire, and ex-Whitehouse representative Anthony Scaramucci is a known Bitcoin proponent. His investment fund Skybridge Capital is still holding Bitcoin and Ethereum. Scaramucci has been widely criticized in the US for holding onto those positions. In a recent interview with Yahoo Finance, he explained why he is still confident and why he believes that crypto exposure is still the right investment decision despite all the turmoil the market has been through last year.

Singapore is leading the crypto mass adoption

Apr 04, 2023

Mass adoption is an idea that is marveled by the Bitcoin community for a long time. One fine day the world would finally understand how beneficial it is to use BTC instead of cash and shift completely. But Bitcoin isn’t the only cryptocurrency and some are not aiming to be sound money, but rather trying to offer an alternative to existing financial products of all kinds. Both visions have their merit and it seems that there is a place where investors are showing confidence that the attached value proposition is valid in both cases.

FTX EU resumes withdrawals with only a few customers profiting

Mar 31, 2023

The FTX crisis was the topic in late 2022 and it continued this year with a lot of fallout for the crypto industry. With the market recovering since the beginning of this year it almost seems that FTX drama has been forgotten. Now that the former empire of Sam Bankman-Fried lies in shambles ex-customers wonder if and when they get reimbursed. It looks like the time has come at least for a few of them and that they could be made whole soon.

FED increased rates by 25 bps - Crypto reacts neutral

Mar 22, 2023

Today it was about that time again. The FOMC meeting came to an end and once again the press conference with Jerome Powell was highly anticipated. Why was this recent decision perceived as important by many analysts and how did Bitcoin and the market react?

Between the Fed and a hard place: Wednesday's tough interest rate decision

Mar 21, 2023

Will the American Central Bank on Wednesday raise interest rates with another 0.25%? In a banking sector that's under severe stress, even higher interest rates could squeeze banks and even undermine trust in the entire financial system. At the same time, inflation hasn't come down to the target of 2%, which demands more interest rate hikes - at least in the opinion of the Fed.

AI tokens: Prices picked up on the ChatGPT-4 launch

Mar 15, 2023

ChatGPT is perhaps the hottest overall tech trend this year. Everybody is using it and everybody is discussing its limitations, bias, and capabilities. AI is not only changing how we are using our computers or the internet. It will also change how we work. ChatGPT is already able to design and program applications, websites, and even news articles. This is astonishing and promising at the same time. It looks like the hype has also reached crypto and once again AI related tokens were pumping on news.

Bitcoin is pumping again!

Mar 14, 2023

After a tumultuous weekend, in which the American government had to prevent a bank run on regional banks, markets have had some time to digest the developments, including some new economic data. What to expect - and why the recent pump?

Binance converts $1 billion into Bitcoin, Ethereum, and BNB

Mar 13, 2023

Binance launched a recovery fund for the crypto industry in November 2022 as an immediate response to the FTX crisis. The first round was meant to protect crypto businesses from the fallout and a second one followed to help out miners. Rebuilding the industry came at a cost since this wasn’t a bailout but an opportunity to borrow money from Binance. Now that the dust has settled another crisis needs to be dealt with. Only this time it is not about crypto intrinsic shocks, but banks that are being at risk.

Stablecoin USDC loses 1 dollar value after US bank failure: temporarily?

Mar 13, 2023

Stablecoin USDC lost its peg of 1 dollar. In the early hours of past Saturday, it even temporarily fell as low as $0.89. The reason is that Silicon Valley Bank (SVB), which held dollars that backed USDC, went under. Only after the American Government made the assurance that SVB depositors will be made whole, USDC recovered to $0.99.

1 2 3 4 5 6 7

...

Trade anytime, anywhere

Boost your trading impact and reaction time in over 80+ cryptocurrencies via instant access to your portfolio with the LiteBit app.