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CryptoQuant reports that bitcoin exchange deposit addresses have reached a multi-year low, signaling a potential easing of selling pressure.Bitcoin exchange reserves have dropped by around 15% since the beginning of the year, according to CryptoQuant data.
Share link:In this post: The Fed is set to cut interest rates for the first time since COVID, which will shake global markets, currencies, and commodities. A stronger dollar has crushed weaker currencies like the Japanese yen and Turkish lira, while central banks scramble to control inflation. Ray Dalio warns that the Fed’s decision could worsen the US debt problem and spark more political chaos ahead of the election.
Interest rates are coming down faster than the market had expected earlier this month.
Saylor thinks JPMorgan could provide customers with risk-free yield on their Bitcoin. Saifedean says those banks will end up just like Celsius and BlockFi.
