DeFI News by Thebittimes.Com

Trump’s Bitcoin surge indicators are mounting as President Donald Trump returns to his previous Federal Reserve pressure tactics right now. Bitcoin’s historical performance following similar moves back in 2019 showed really remarkable price increases, and investors and analysts are watching Trump’s crypto stance closely for any signs of another potential Bitcoin price surge in the coming months. Also Read: Dirham Stablecoin Launch by IHC, ADQ & FAB Eases UAE Crypto Risks Could Trump’s Crypto Stance Spark Another Bitcoin Price Surge? Source: Watcher Guru Trump Pressuring Powell Again President Donald Trump has actually resumed his campaign against Federal Reserve Chair Jerome Powell, demanding immediate interest rate cuts. On his Truth Social platform just last week, Trump stated: “The economy is at risk of slowing down unless Mr. Too Late, a major loser, lowers interest rates, NOW.” This Trump Bitcoin surge strategy obviously mirrors his actions from ...

Interest rate cuts are now expected in the near future as both JP Morgan and Goldman Sachs have raised some serious recession warnings while the market volatility is growing steadily. The Trump administration’s recently imposed some tariffs that have certainly triggered some widespread economic concerns, with several major banks quickly revising their forecasts upward as the fears of a potential trade war continue to grow and intensify. Also Read: China’s Central Bank Asks State-owned Banks to Reduce US Dollar Purchases How Big Banks’ Recession Warnings Can Rewrite Market Actions JP Morgan just raised its recession chance to 60%, up from 40%, while Goldman Sachs bumped its forecast from 35% to 45%. These rather dramatic shifts came shortly after Trump’s implementation of blanket 10% tariffs on many U.S. trading partners, which has certainly shaken financial markets. Source: jpmorganchase.com JP Morgan CEO Jamie Dimon wrote in a letter to shareholders: “The econom...

The strengthening of the Thai Baht against the U.S. dollar is no good news and is raising concerns in Thailand. For the uninitiated, the Thai Baht has hit a five-year high against the U.S. dollar, and the rise is having a major impact on the country’s manufacturing, imports, and export sectors. In addition, tourism is also being hit as significant revenue comes from foreigners visiting the country for vacations. Also Read: China’s Belt and Road Initiative Reaches European Borders The Economic Impact of Thai Baht’s Strengthening Against the U.S. Dollar The U.S. dollar had dipped 11.5% against the Thai Baht during mid-2024. However, it briefly recovered and is now down 8.5% year-to-date. While local currencies gaining against the U.S. dollar is a win for other countries, the case is not the same for Thailand. A strong Thai Baht is hitting exporters and tourism, confirmed the Central Bank of Thailand. Source: Visual Capitalist The Central Bank of Thailand said that exports in A...

Pepe (PEPE) has been one of the best-performing cryptocurrencies of the last year. Since its launch in April 2023, the frog-themed crypto has rallied by many thousand percent. Investors who got in early have made millions of dollars in profit. Also Read: PEPE and BONK Price Prediction For September 2024 Pepe Investor’s Success and Future Performance Predictions Source – Coin98 Pepe Investor Makes $1.77 Million According to data from LookOnChain, one investor made $1.77 million with frog-themed crypto. The crypto Analysis firm highlights that the investor spent 200,000 USDC to buy 170 billion PEPE on Oct. 20, 2023. The investor held on to the tokens till July 25, 2024, selling them for $1.97 million. The investor’s holdings had risen by a cool 886%. A $PEPE diamond hand who made $1.77M(+886%) spent 1.34M $USDC to buy 173B $PEPE again! This trader spent 200K $USDC to buy 170B $PEPE on Oct 25, 2023 and held it until Jul 25, 2024, when he sold it for 1.97M $USDC, making a profi...