Ethereum price enters ‘oversold’ zone for the first time since November 2018
Ether’s price rebounded by nearly 400% after its RSI turned oversold the last time. Will this time be different? Go to Source Powered by WPeMatico
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Axie Infinity: AXS price risks deeper losses despite 90% drawdown already
Interestingly, an AXS technical setup also predicts a 2,500% price rally despite the token facing major headwinds ahead. Go to Source Powered by WPeMatico
US Inflation Spiked 8.6%, Highest in 40-Years — Economist Says We’re Not ‘Seeing Any Signs That We’re in the Clear’
After April’s consumer price index (CPI) report was published, a number of American economists and bureaucrats said that inflation had peaked and it was possible that inflation would subside. However, statistics from the U.S. Labor Department indicate the CPI increased 8.6% from a year earlier, as the month of May’s inflation data reached another lifetime … Read more
US central bank digital currency commenters divided on benefits, unified in confusion
Like a Rorschach ink blot, the Federal Reserve Board’s CBDC discussion paper provided stakeholders with an opportunity to find what they wanted to see in it. Go to Source Powered by WPeMatico
Crypto bank Custodia sues the Fed over 19 month delay on account approval
Custodia wants to compel the Federal Reserve Board and its Kansas City branch to approve its application for a Fed master account within 30 days. Go to Source Powered by WPeMatico
Sold your SOL? Solana price eyes 35% jump as two technical signals flip bullish
Solana’s nearly 80% year-to-date decline is likely to follow up with some relief rallies, technicals suggest. Go to Source Powered by WPeMatico
BNB price risks 40% drop as SEC launches probe against Binance
Downside risks for BNB also come from a recent Reuter exposé that claims Binance laundered “at least $2.35 billion in illicit funds.” Go to Source Powered by WPeMatico
Fed forgets long-term dollar devaluation when pricing eggs in BTC
The U.S. Federal Reserve has released a blog post showing the instability of Bitcoin against the U.S. dollar when buying eggs, however, the crypto community was quick to point out the reality of the situation. Go to Source Powered by WPeMatico
Is Cardano ready for a go at $1? June’s hard fork FOMO lifts ADA price to weekly highs
Cardano’s previous hard forks sparked massive ADA price rallies. Will this time be different? Go to Source Powered by WPeMatico
Is Solana a ‘buy’ with SOL price at 10-month lows and down 85% from its peak?
SOL price still faces headwinds from its Bitcoin correlation, macro risks as well as Solana’s downtimes. Go to Source Powered by WPeMatico
