Brand Story
29 Jun 2022, 04:06 GMT+10
On June 16, Federal Reserve Chairman Jerome Powell said that the inflation has unexpectedly risen since the Federal Reserve's meeting in May; in response to this, the Fed decided to substantially raise interest rates, which will help stabilize inflation expectations in the long term; in the next few months, the Fed will be looking for strong evidence of the falling inflation. At the next meeting, 50 or 75 basis points are most likely, and a 75 basis point hike is not expected to become the norm.
"At present, both Bitcoin and Ethereum witness a downward amplitude of more than 15% per day. As of June 15, the prices of Bitcoin and Ethereum had fallen for days on end, approaching $20,000 and $1,000 marks respectively, 70% and 79% losses from their all-time highs of $68,700 and $4,890 set in November 2021 separately. The interest rate hike reflects outflows in the investment market, which, in the crypto market, stands for continuous falls in the overall prices of cryptocurrencies; it also means that the crypto market and other subprime investment markets need to continue to grapple with the fall of US stocks because of better-than-expected CPI." Says CURRICK Exchange CEO.
How does CURRICK Exchange Work
Currick is a professional virtual currency exchange service platform, where users can conduct their virtual currency transactions, get quite professional virtual currency exchange services and enjoy quality transaction service experiences.
Currick supports contract transactions which allows users to profit by choosing to purchase long or short contracts based on the judgment of future changes. It supports 50 times leverage, which is mainly used for hedging and risk hedging, and the practice of profiting from purchasing never-expiring long or short contracts.
Currick transactions are escorted by a security team that provides bank-level secure storage and protection. Currick platform supports industry-leading API transactions, strictly implements KYC compliance process and regularly upgrades risk control systems to ensure the safety and compliance of users' assets. Investors can securely develop and implement a comprehensive investment strategy on the platform. Investors are welcomed to Currick's cryptocurrency exchange.
Disclaimer:
The information provided in this release is not investment advice, financial advice or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor before investing or trading securities and cryptocurrency.
Contact Details
Company: GZ CURRICK TRADING Co., LTD
Contact Person: Rick. Ma
Email: [email protected]
Website: www.currick.com
Telephone: +886-20-83055230
City: GUANGZHOU
This content is published on behalf of the above source. Please contact them directly for any concern related to the above.
Get a daily dose of Pittsburgh Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Pittsburgh Star.
More InformationFRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
(Photo credit: Jay Biggerstaff-Imagn Images) After clubbing a go-ahead two-run homer in the seventh inning, Kansas City's Nick Loftin...
(Photo credit: Jaime Valdez-Imagn Images) Those looking to watch No. 1 pick Cooper Flagg take on Bronny James in NBA Summer League...
(Photo credit: Jeffrey Becker-Imagn Images) Longtime NFL executive Tim Rooney, the nephew of Pittsburgh Steelers founder Art Rooney...
(Photo credit: Charles LeClaire-Imagn Images) Pittsburgh Pirates center fielder Oneil Cruz accepted an invitation on Tuesday to compete...
(Photo credit: Chris Jones-Imagn Images) Cowboys quarterback Dak Prescott declared himself a 'full go' for training camp and fully...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
ZAGREB, Croatia: A massive concert by popular Croatian singer Marko Perković, known by his stage name Thompson, has drawn widespread...
WASHINGTON, D.C.: Elon Musk's entry into the political arena is drawing pushback from top U.S. officials and investors, as his decision...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
WASHINGTON, D.C.: President Donald Trump claimed he was unaware that the term shylock is regarded as antisemitic when he used it in...
PARIS, France: A strike by French air traffic controllers demanding improved working conditions caused significant disruptions during...