Nov. 21, 2024, 11:10 a.m.

The risky nature of Bitcoin means it won't be crazy for long

Recently, the hottest topic in the global financial community has been Bitcoin's wild start to the year. Since the beginning of February, the price of bitcoin has soared to more than $60,000, and on February 29, it once exceeded $64,000, an increase of more than 40% in the past month. At the same time, the skyrocketing Bitcoin has attracted a large amount of capital injection, and the trading volume has hit a new record, and on February 28, it hit a record of nearly 7.7 billion dollars in a single day.

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Behind the madness of Bitcoin

In recent years, with the development of science and technology and the popularity of the Internet, digital currency has gradually entered people's lives as a new form of payment, of which the most concerned is Bitcoin. As the first cryptocurrency to successfully apply blockchain technology and launch a trading system without central bank supervision and management, Bitcoin is leading the global financial system forward.

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The Ghost Debt Crisis of Americans

Although consumer spending is helping the US economy remain stable in 2023, some of these issues are gradually emerging. The US credit card debt has reached record levels, and credit card interest rates are also soaring. This has led to an increase in debt arrears, especially with a sharp rise in credit card arrears.

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The Fed is in no hurry to cut interest rates, and US mortgage rates have soared first

Rates on 30-year fixed mortgage contracts rose 19 basis points to 7.06% in the week ended Feb. 16, according to data released by the Mortgage Bankers Association. It was the first time US mortgage rates had jumped above 7% since early December and the biggest weekly increase since October.

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美联储降息不着急 美国房贷利率先飙了

根据抵押贷款银行家协会(MBA)近日公布的数据显示,截至2月16日当周,美国30年期固定按揭贷款合同利率上升19个基点,至7.06%。这是美国按揭贷款利率自去年12月初以来首次跃升至7%以上,也是自10月份以来的最大单周涨幅。

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The first loss in nearly 20 years! Is the European Central Bank in a cold winter?

The European Central Bank recently released its first annual loss report since 2004, which has attracted widespread attention.

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What are the risks of the Fed cutting rates too soon?

Early Thursday morning Beijing time, the Federal Reserve released the minutes of the January Federal Open Market Committee (FOMC) policy meeting, and a number of Fed officials issued hawkish views, highlighting the potential drawbacks of cutting interest rates too early, which could waste the progress already made on inflation.

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The harvesting logic behind the cautious interest rate cuts by the Federal Reserve

Federal Reserve Chairman Jerome Powell said in an interview on Sunday that the central bank will proceed cautiously with rate cuts this year, possibly at a much slower pace than the market expects.

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The continued rise in U.S. debt has unnerved the financial world

Legendary investor Paul Tudor Jones recently told the outside world that the U.S. economy is "on steroids" because of the rapid growth in U.S. government borrowing and spending, but this is unsustainable and the market will feel the impact of huge deficit spending sooner or later. Mr. Jones's comments were seen as too conservative, and earlier this month, several prominent figures in the financial industry warned the U.S. about the risks of its growing national debt, a looming danger that has certainly rattled the financial community.

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Fed's New Year debut, March rate cut 'killed'?

On January 31, local time, the Federal Reserve decided to maintain the target range of the federal funds rate at 5.25% to 5.5% in its first monetary policy meeting this year. And before this, the market is widely believed that the Federal Reserve's interest rate cut door is about to open, this decision undoubtedly let the market put down the heart again hung up, this is no problem is to the market on the upcoming interest rate cut expectations poured a basin of cold water!

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