Press Releases
U.S. Debt Crisis Deepens: Annual Interest Payments Top $1 Trillion
- Francisco Memoria
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- 6 Sep 2024
The total annual interest costs on U.S. Federal debt have surpassed the $1.1 trillion mark in the second quarter of the year, with the government now paying a record $3 billion in interest per day on its debt. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the interest expense […]
Market Bloodbath: S&P 500 Shed $1.7 Trillion so Far in September, Outstripping Crypto Market Downturn
- Francisco Memoria
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- 6 Sep 2024
The stock market’s benchmark index, the S&P 500, has seen its total market capitalization drop by around $1.7 trillion so far in September ahead of expected interest rate cuts from the Federal Reserve later this month. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the stock market hasn’t seen […]
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Markets
Bitcoin Analyst Foresees ‘Explosive Rally’ to $130K Based on This Rare ‘Buy’ Signal
- CryptoGlobe Writer
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- 24 Jul 2024
On 24 July 2024, popular pseudonymous crypto analyst “Mikybull Crypto” shared insights on Bitcoin (BTC) via posts on X (formerly Twitter). He explained some technical indicators and predicted potential price movements, making it accessible for those unfamiliar with advanced trading concepts. In his first post, the analyst shared a chart showing Bitcoin’s price along with […]
Editor's Picks
Bitcoin Drops Below $55K Amid U.S. Jobs Report Miss and Recession Fears
- Siamak Masnavi
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- 6 Sep 2024
As of 2:50 p.m. UTC on 6 September 2024, Bitcoin is trading at $54,746, marking a 3.4% drop over the past 24 hours. This significant decline in Bitcoin’s value seems closely tied to the disappointing U.S. jobs data for August 2024, which was released earlier in the day. The broader cryptocurrency market, which typically follows […]
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