By Jordan Lyanchev After one bitcoin’s most volatile and impressive weeks, the cryptocurrency market has turned its attention to important US macro news to be announced in the next five days. The analysts at the Kobeissi Letter highlighted several such events scheduled next, but three stand out for the crypto industry: the July PCE inflation […]
Tag: GDP
By Jordan Lyanchev Ray Dalio, once one of the most prominent crypto critics, has made a new case for owning gold and bitcoin as he believes the United States is approaching a dangerous point in its debt cycle. The founder of Bridgewater Associates noted that investors should reduce their exposure to bonds, allocate 10%-15% of […]
By Jordan Lyanchev The past several days were quite eventful in all financial markets as volatility returned due to several macro factors. Unlike most previous occasions, bitcoin was on the right side of history this time, staging a massive rally that drove it higher by $15,000 within 48 hours or so before it was stopped […]