In brief
Compass analysts lowered their price target for Coinbase shares to $248
The firm’s stock price has slid 15.5% since its Q2 miss last week.
The exchange posted a sequential drop in…
Key Points:Moody’s downgrades U.S. credit; Kevin Hassett criticizes decision.“U.S. debt remains safest,” says NEC Director Hassett.Treasury bonds face scrutiny but maintain global benchmark status.
Kevin Hassett, Director of the National Economic…
Cryptocurrencies regained footing on Monday after a rocky start to the trading session, mirroring a broader recovery in risk assets as traders digested Moody’s downgrade of U.S. government bonds.Bitcoin …
Key takeaways:Bitcoin recovered from its sharp sell-off from $107,000, suggesting it functions as a hedge against uncertainty for investors reacting to Moody’s recent downgrade of US debt.Moody’s downgraded the US…
Key Points:Moody’s downgrade not surprising, U.S. debt remains safest investment.Hassett expects continued strong trade relationships.Market reactions to ratings changes historically prompt Bitcoin interest.
Kevin Hassett, Director of the U.S. National Economic…
Key Points:Key Point 1Key Point 2Key Point 3US Fiscal Stability Challenged by Credit Downgrade Impact
Raphael Bostic, President of the Federal Reserve Bank of Atlanta, emphasized that the downgrade could ripple…