The overnight CPI and initial request data exceeded expectations at the same time, and the labor market was sluggish, but the Federal Reserve seemed to have someone floating? Under the expectation that the euro zone economy is biased towards weakness, investment banks believe that the pace of interest rate cuts may need to be accelerated.
Many market watchers have blamed the recent BTC rout on selling pressure from bitcoin mining operators, Mt. Gox refunds, and the recent German government sell-off. Greg Cipolaro, head of research at NYDIG, said in a report on Wednesday that the claims were overstated. He added: "While sentiment and psychology may dominate in the short term,...