Bitcoin price stalls after hot inflation data, Jamie Dimon likens BTC to cigarettes

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The CME FedWatch Tool now shows the market gives a nearly 100% chance the Fed keeps rates changed at their meeting next week, while there is a 66% chance of a rate cut in June. He said that while the U.S. economy could almost be considered to be in a ‘boom’ time, care should be taken against embracing the soft landing narrative that many are pushing, saying he sees the odds of a recession around 65% and that stagflation remains a possibility.

He also used the opportunity to express his personal feelings about Bitcoin, saying that a lot of the practical uses for the cryptocurrency were illegal activity like sex trafficking, fraud and terrorism, but once again defended the right for individuals to hold the top crypto. is a Crypto Market Reporter for Kitco Crypto. Coming from a background in Psychology and Human Behavior, he began to focus his attention on the cryptocurrency space in early 2017 after noticing the rapid growth of this emerging market. Since that time, Jordan has worked as a content creator for multiple projects and as a crypto news journalist reporting on the latest developments within the cryptocurrency market.

- Many investors are kicking themselves for missing out on gold’s seven-day rally that pushed prices to record highs above $2,200 an ounce; however, one market analyst said that the one thing investors shouldn’t do is chase the market at current levels.Gold price is well supported with a shrinking calendar forcing Fed rate cuts - Tastylive’s Chris Vecchio

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