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Bitcoin briefly broke back into the $20,000 region on Thursday, following a volatile day of trading. Volatility in crypto markets came as data released showed that inflation in the United States had risen to its highest level in over four decades. ETH also briefly rose above $1,100. Bitcoin BTC was marginally higher on Thursday, as … Read more
MATIC still awaits a decisive breakout after the Disney-led intraday rally, with the profit target sitting about 80% higher than current prices. Go to Source Powered by WPeMatico
Nothing can keep the U.S. dollar index (DXY) down this year, and concerns over its impact on assets beyond crypto are spreading. Go to Source Powered by WPeMatico
Bitcoin price saw a brief pull-back following today’s high inflation print, but the rebound seen in BTC and altcoins suggests that buyers are buying the dip. Go to Source Powered by WPeMatico
Despite prices rallying in today’s session, bitcoin continued to trade below $20,000 on Wednesday following recent declines. Although ETH was also marginally higher, its price was once again trading under $1,100. Overall, crypto markets were nearly 1% higher as of writing. Bitcoin Bitcoin was trading slightly higher on Wednesday, however prices of the token are … Read more
The verdict is out. The U.S. Bureau of Labor Statistics released this month’s CPI numbers for Jun 2022, and the data suggests the continuing rise of inflation with an overall increase of 9.1% before seasonal adjustment. While the stock market hasn’t opened yet, experts suggest that the market will continue to slide amid the latest … Read more
U.S. inflation comes in a full 0.3% higher than expected, causing a dollar strength spike and the euro to fall below parity with USD. Go to Source Powered by WPeMatico
“Highly elevated” CPI numbers due in hours as one theory suggests that there is already no more room for Fed rate hikes. Go to Source Powered by WPeMatico
Ethereum funds have been undergoing a modest recovery after witnessing 11 weeks of continuous outflows. Go to Source Powered by WPeMatico
J. Matthew DeLesDernier, assistant secretary for the SEC, said it had extended to allow for “sufficient time to consider the proposed rule change and the issues raised therein.” Go to Source Powered by WPeMatico