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Showing posts with the label interest rates

Bank of America Predicts Gold to Reach $3,000, Bitcoin $75,000

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Bitcoin is nearing the $69,000 price range and is only 6% away from breaching its all-time high of $73,737. Conversely, gold crossed the $2,700 mark on Sunday and is trading at $2,727 in the indices. If the precious metal holds positive momentum, its price could climb above the $2,800 mark. Bank of America wrote in its price forecast to investors that Bitcoin and gold could soon rally in the charts. Also Read: BRICS Settle 78% Oil Trade in Local Currencies, Ditch the US Dollar Bank of America: Gold & Bitcoin Price Prediction Source: American Banker Bank of America wrote that the Federal Reserve’s determination to slash interest rates in the coming quarters could boost the price of Bitcoin and gold. According to the bank’s latest report, an investment made today could reap the benefits during Q2 of 2025. Also Read: 11 Countries Might Join BRICS in 2024 as ‘Associated Partners’ According to the Bank of America report, Bitcoin is projected to reach $75,000, and gold could hit $...

eCash Spikes 18% – US Nonfarm Payrolls in Highlights

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Join Our Telegram channel to stay up to date on breaking news coverage Despite the continued slump in the crypto market, the eCash (XEC) coin has been able to extend its upward rally and has attracted some additional bids around the $0.000047 level. eCash (XEC) is rising due to its distinct selling factors, attracting investors in the upcoming months. Furthermore, the team’s efforts to achieve its goal and improved technology and privacy aided the coin’s growth. eCash (XEC) is a rebranded version of Bitcoin Cash ABC (BCHA), a fork of  Bitcoin (BTC)  and  Bitcoin Cash (BCH) . eCash (XEC) is a “cryptocurrency designed to be used similarly to electronic cash.” The sole purpose of eCash is to serve as a medium of exchange for payments for goods and services. The network’s distinct features are the only factor supporting eCash’s continuous bullish run. Because of the team’s dedication to the mission and dependable technology an...

How blockchain tech is making an impact in a challenging credit market

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The credit market might be challenging at times — but blockchain technology can bring borrowing and lending into the 21st century. Surging interest rates and a challenging economic climate are making it difficult for individuals and businesses to access credit. In emerging markets with a high proportion of unbanked people, such issues are nothing new. Consumers who lack accounts with a financial institution often struggle to apply for loans at competitive rates — primarily because they lack a credit rating. As a result, wary lenders increase the cost of borrowing to applicants perceived as risky. It’s a vicious cycle — a chicken-and-egg situation. You need a reputation to access credit, but how can you build an application without a lender taking a chance on you?  Other pain points exist as well. Even self-employed entrepreneurs with access to a bank account can struggle to borrow funds — all because their income may fluctuate from month to month. In some countries, the application p...