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Goldman Sachs CEO David Solomon says bitcoin could be 'a store of value case'
Goldman Sachs CEO David Solomon says bitcoin could be 'a store of value case'

The Goldman Sachs CEO joined CNBC for an interview from the Summer Olympics in Paris, France.“I’ve always said I think it’s a speculative investment,” David Solomon said. “I don’t see a real use case.”

The Block·2024/07/30 14:48
QCP Capital forecasts significantly greater volatility for Ethereum compared to bitcoin
QCP Capital forecasts significantly greater volatility for Ethereum compared to bitcoin

Ethereum is poised for larger price swings than bitcoin, with its volatility premium widening to 8%, analysts said.Analysts favor Ethereum accumulation due to its cost-effective spot price and robust performance amid wider crypto market fluctuations.

The Block·2024/07/30 14:27
Bernstein says mining hardware is a $20 billion opportunity amid Trump's push to 'make bitcoin' in the US
Bernstein says mining hardware is a $20 billion opportunity amid Trump's push to 'make bitcoin' in the US

Bitcoin mining chips and hardware represent a $20 billion opportunity over the next five years, according to analysts at Bernstein.The analysts see this as favorable for U.S. Bitcoin miners amid Donald Trump’s recent push to “make bitcoin” in America.

The Block·2024/07/30 11:00
Bitcoin price slides below $67,000, triggering a spike in long liquidations
Bitcoin price slides below $67,000, triggering a spike in long liquidations

Bitcoin long liquidations reached nearly $68 million in the past 24 hours as the price fell below $67,000.In total, crypto exchanges saw $161 million in positions get liquidated, with around $153 million in long positions.

The Block·2024/07/30 10:18
Flash
17:42
The Federal Reserve's overnight reverse repurchase agreement (RRP) usage on Wednesday was $682.8 million.
Jinse Finance reported that on June 18, the US Federal Reserve's overnight reverse repurchase agreement (RRP) had a usage scale of $682.8 million on Wednesday (by 16 counterparties), compared to $1.0721 billion on the previous trading day.
17:15
Economics professor: US-Iran peace agreement may alter the Federal Reserve's rate hike path
According to Golden Ten Data on June 18, Professor of Economics Phil Powell stated that the Federal Reserve is expected to keep interest rates unchanged at this meeting. Powell noted that prior to the peace agreement between Washington and Tehran, financial markets were concerned about further rises in inflation, with the inflation rate already exceeding 4% due to the surge in oil prices. In the coming months, the Federal Reserve is more likely to raise interest rates rather than cut them. However, the Iran peace agreement is undoubtedly very positive news; oil prices may therefore decline more than expected, which would reduce the likelihood of a rate hike in the short term. This decision is the first interest rate decision since Walsh took office as Federal Reserve Chairman. Markets may believe that the new Federal Reserve Chairman is more willing to cut interest rates than his predecessor, but facts have proven otherwise. The Federal Reserve's decisions are based on highly technical data and procedural considerations, not emotional decisions. As for the prospects of rate cuts, Powell said that because inflation must first decline, the Federal Reserve is unlikely to lower rates before the end of this year.
16:59
Morgan Stanley: The market has already "moved past" the impact of the Iran war
Morgan Stanley's Chief Investment Officer, Mike Wilson, stated that although the temporary agreement between the US and Iran to be signed this week sets aside many of the most difficult issues in this war, investors have already begun to look beyond the US-Iran conflict. "The market has already moved past this war." Although oil prices surged during the war, they never surpassed the peak set at the outbreak of the Russia-Ukraine conflict. "We have just figured out exactly how much supply is in the market."
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