Cryptocurrency Daily Thefoxposts.com

Donald Trump is currently battling a wide range of administrative issues. His current priority is to be robust in the US economic aspects, and for that to happen, Trump has already proposed an international tariff strategy, the one that can help the US gain the upper hand and help make the US economy prosper in the long run. However, on a larger scale, Trump would need another policy hack, a simplification tool to solve a plethora of US economic woes, including quelling the fears of stagflation and inflation. As many great patrons have said, the complete way out always includes a crash first. Will the US consider the possibility of recession to end its economic woes at once? One portal thinks so. Also Read: FIFA Signs Partnership With Avalanche (AVAX) to Build Its Own Blockchain Does Trump Want a Recession? Source: Reuters Recession is always described as a temporary economic decline, a period of low productivity, as trade and economic activities are reduced during the time. The US’s t...

Balaji Srinivasan, one-time Coinbase CTO and former partner at Crypto cheerleading VC firm a16z, has decided that it’s time to start investing on behalf of others again and announced a new fund. It’s imaginatively called The Balaji Fund. The fund will, according to Srinivasan, focus on “ Crypto /web3, deep learning, augmented reality and virtual reality, genomics, quantified self, autonomous robotics, network states, and frontier technologies.” The minimum investment is $100,000 over two and a half years. However, the desire to manage other people’s money is a 180-degree turn from where Srinivasan stood not only on his own career but America as a whole less than a year ago. The worst bet ever In March of 2023, Srinivasan took one of the most absurd bets in recent financial memory when he predicted that not only would hyperinflation occur in the US but that within 90 days, bitcoin would trade at over a million dollars per coin. He bet two individuals one million dollars each...

Bitcoin price has corrected at each attempt to rally above $28,000. Cointelegraph explains why. Bitcoin (BTC) faced a 4.9% correction in the four days following the failure to break the $28,000 resistance on Oct. 8, and derivatives metrics show fear is dominating sentiment in the market, but will it be enough to shake Bitcoin price from its current range? Looking at the bigger picture, Bitcoin is holding up admirably, especially when compared to gold, which has fallen by 5% since June, and Treasury Inflation-Protected bonds (TIP), which have seen a 4.2% drop during the same period. Merely maintaining its position at $27,700, Bitcoin has outperformed two of the most secure assets in traditional finance. Given Bitcoin’s price rejection at $28,000 on Oct. 8, investors should analyze BTC derivatives metrics to determine whether bears are indeed in control. Bitcoin/USD vs. inflation-protected TIP ETF vs. Gold. Source: TradingView Treasury Inflation-Protected Securities are U.S. governm...