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Bitcoin and ether drop as investors question the U.S. economy’s strength
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The respite provided by the debut of memecoins on the Bitcoin blockchain that helped to soften the financial blow of a recent software update to crypto miners already appears to ...
post: US BOOSTS APRIL-JUNE BORROWING EST. TO $243B FROM $202B post: US Treasury Says April-June Borrowing Estimate Assumes End-June Cash Balance of $750 Billion US Treasury Expects to Borrow $847 Billion in July-September Quarter, Assuming End-September Cash Balance of $850 BillionTreasury Announces Marketable Borrowing Estimates The U.S. Department of the Treasury today announced its current estimates of privately-held net marketable borrowing[1] for the April – June 2024 and July – September 2024 quarters. During the April – June 2024 quarter, Treasury expects to borrow $243 billion in privately-held net marketable debt, assuming an end-of-June cash balance of $750 billion.[2] The borrowing estimate is $41 billion higher than announced in January 2024, largely due to lower cash receipts, partially offset by a higher beginning of quarter cash balance.[3] During the July – September 2024 quarter, Treasury expects to borrow $847 billion in privately-held net marketable debt, assuming an end-of-September cash balance of $850 billion. During the January – March 2024 quarter, Treasury borrowed $748 billion in privately-held net marketable debt and ended the quarter with a cash balance of $775 billion. In January 2024, Treasury estimated borrowing of $760 billion and assumed an end-of-March cash balance of $750 billion. Privately-held net marketable borrowing was $12 billion lower largely because higher cash receipts and lower outlays were partially offset by a $25 billion higher ending cash balance. Additional financing details relating to Treasury’s Quarterly Refunding will be released at 8:30 a.m. on Wednesday, May 1, 2024.
Bitcoin has fallen about 12% in April, and if bears sustain the lower levels, it will be the worst-performing month since November 2022, according to data from CoinGlass. Bitcoin ...
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A quiet micro and macro day was dominated by Treasury's QRA news (which spoiled all the fun by coming in less than some hyperbolic expectations), and Japanese intervention the FX ...
MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy” or the “Company”), the largest corporate holder of bitcoin and the largest independent publicly-traded business ...
Tether Holdings Ltd., the issuer of the biggest stablecoin, said it invested $200 million in Blackrock Neurotech, a maker of brain-computer interface technology. Tether made the ...
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- Posted: Apr 29, 2024 4:05pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 133