David Famegel
@famegel
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David Famegel
@famegel
As the U.S. election nears, Bitcoin flirts with the $70k level, attracting intense market attention. BTC recently surged to $73-74k but faced bearish resistance. Upcoming election results and a Federal Reserve meeting could drive volatility, especially as analysts suggest a Trump win might boost crypto markets. Historically, BTC has rallied post-election, and some predict a possible bull run. Macro factors, like jobless claims and potential Fed rate cuts, may further impact BTC. Recent ETF outflows show cautious investor sentiment. With mixed signals and market volatility likely, Bitcoin’s path remains uncertain but could still see new highs post-election.
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David Famegel
@famegel
The Bank of Japan (BOJ) has decided to keep its benchmark interest rate at 0.25% despite uncertainty after recent elections. BOJ Governor Kazuo Ueda confirmed this decision, maintaining the bank’s commitment to its inflation target and gradual economic recovery. In his press conference, Ueda noted the BOJ’s plan to evaluate domestic and global economic trends carefully, considering Japan’s fragile recovery and political landscape. He emphasized that there is no preset schedule for future rate hikes, and decisions will rely on data from upcoming meetings. Analysts describe the BOJ’s stance as "hawkish," expecting a potential rate increase soon, especially as the yen weakens. Political developments, such as Prime Minister Shigeru Ishiba’s proposed $84.6 billion supplementary budget, could further shape BOJ policies in the coming months.
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David Famegel
@famegel
Analyst Henrik Zeberg predicts Bitcoin may surge to $115K–$123K due to strong technical indicators and growing investor optimism. Recently, Bitcoin broke through its “All-Time High Area,” a critical threshold often signaling further upward momentum. This breakout has boosted confidence, suggesting Bitcoin could soon hit new price records. Zeberg’s analysis also emphasizes the role of Fibonacci retracement levels, which are nearing a market top that aligns with his price target. If bullish sentiment continues, Bitcoin could see rapid growth in the coming months.
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David Famegel
@famegel
The US Treasury’s Financial Inclusion Plan Using Digital Assets and Blockchain The U.S. Department of the Treasury recently introduced a strategy aimed at using cryptocurrencies, stablecoins, and blockchain to increase financial access for underbanked populations. This plan is part of a broader effort to modernize the U.S. financial system with a focus on inclusion. Addressing Financial Exclusion Despite technological progress, many Americans remain without access to traditional banking services. The Treasury sees digital assets as a way to provide affordable, secure financial solutions for these individuals. Blockchain, which powers cryptocurrencies, offers advantages such as transparency, security, and efficiency. This technology could help lower the costs and time delays in transactions, especially benefiting people in rural or remote locations.
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David Famegel
@famegel
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