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As global tensions push nations to diversify away from the US dollar, Bitcoin emerges as a key alternative. Experts predict its growth, but challenges like volatility and scalability remain.
Hoskinson predicts that rate cuts and the stabilization of the recent tariff war will send the crypto market much higher.
XRP could be primed for a breakout above its recent downtrend. Here's how high it could go.
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In Brief Ethereum's price fluctuations shift focus to technical indicators among market players. Analysts signal potential recovery and long-term growth opportunities for Ethereum. Competition from networks like Solana raises challenges for Ethereum's market position.
- 19:05Federal Reserve Beige Book: Economic activity stable, but uncertainty leads to significant deterioration in several regions' outlookJinse reports that the Federal Reserve Beige Book indicates that U.S. prices are rising and that economic activity and employment in most parts of the United States have changed little since March. The report reflects some early impacts of President Trump's erratic implementation of comprehensive tariffs aimed at reshaping global trade. "Uncertainty over international trade policy is widespread in the report. With rising economic uncertainty, especially surrounding tariffs, the outlook in several regions has significantly deteriorated."
- 19:04Fed Beige Book Supports View that Rate Cuts Will Take TimeAccording to a report from Jinse, the Fed Beige Book states that U.S. employment remains "resilient," with prices growing at a modest, moderate, or unchanged pace. These statements may support the view that rate cuts will take some time. The Beige Book notes that "since the last report, there has been little change in economic activity, but uncertainty surrounding international trade policy is pervasive in the report."
- 18:43The Wall Street Journal: Trump Administration May Cut Tariffs on China by More Than HalfAccording to The Wall Street Journal, citing informed sources, the Trump administration is considering a significant reduction in high tariffs on Chinese imports, with cuts potentially exceeding half in some cases. Sources state that Trump has not yet made a final decision, discussions are ongoing, and multiple options are being considered.