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MT Gox creditors' Bitcoin sale fears trigger fall to lowest since February

Business Standard LogoBusiness Standard3d ago

MT Gox creditors' Bitcoin sale fears trigger fall to lowest since February - Business Standard

Quick Summary:

On top of that, administrators of the failed Mt.

A report Friday showed US hiring moderated in June and prior months were revised lower, bolstering prospects that the Federal Reserve will begin cutting interest rates in coming months.

Von Haenisch said crypto needs more dovish notes on monetary policy from the Federal Reserve, adding “one to two rate cuts, coupled with Fed balance sheet expansion, are two key ingredients that crypto is really waiting for.


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Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-05 @ 22:50:53 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 757 words

Reading Time: 5 minutes read

Sentences: 30 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21496707

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 279 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 4 hours ago

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Publisher ID: #49

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