Bitcoin price targets range from $19K to $25K as CPI day dawns
It’s all about macroeconomic data this Valentine’s Day as Bitcoin bulls face a test from a familiar source. Go to Source Powered by WPeMatico
Inflation
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Bitcoin flirts with bid liquidity as BTC price nears new 3-week lows
Bitcoin bulls struggle to influence the trend as CPI nerves combine with already weak low-timeframe performance. Go to Source Powered by WPeMatico
First weekly death cross ever — 5 things to know in Bitcoin this week
Bitcoin price action is making history this week, but for all the wrong reasons, as the 2022 bear market still haunts the charts. Go to Source Powered by WPeMatico
Monetary policy: Definition, types and tools
Monetary policy refers to the actions taken by a central bank to manage the money supply and interest rates in an economy. Go to Source Powered by WPeMatico
Bitcoin price eyes $22K rebound with BTC market structure ‘not yet broken’
Crypto sentiment is “hysterical” with Bitcoin under $22,000, but no major trend lines have been lost yet, one analyst argues. Go to Source Powered by WPeMatico
Bitcoin bulls stumble at $23.4K as Fed’s ‘disinflation’ sparks BTC price rally
Bitcoin price action returns to tackle familiar resistance, with bulls so far failing to make fresh inroads toward $25,000. Go to Source Powered by WPeMatico
Nouriel ‘Dr. Doom’ Roubini Warns About Demise of US Dollar
Nouriel Roubini, an economist known as “Dr. Doom,” has warned about the demise of the U.S. dollar and the rise of a “bipolar” world. Roubini believes that the Chinese renminbi might be a substitute for the dollar, as new technologies like central bank digital currencies (CBDCs) and corporate payment rails contribute to a new landscape. … Read more
Central Bank of Argentina to Issue New 2,000 Peso Bill as Inflation Keeps Rising
The Central Bank of Argentina has announced the issuance of a new 2,000 peso bill, aimed at easing the burden of using cash for payments in the country. The bill, which will have a value of a little more than $5 ‘blue’ dollars (the informal exchange rate), is already being criticized as an insufficient measure. … Read more
Is BTC price about to retest $20K? 5 things to know in Bitcoin this week
Bitcoin looks like it is treading on thin ice as February fails to match the gains of last month. Go to Source Powered by WPeMatico
Sri Lanka against Bitcoin adoption, rejects Draper’s anti-corruption pitch
Central bank Governor Nandalal Weerasinghe believes that adopting decentralized cryptocurrencies would worsen the country’s economic situation. Go to Source Powered by WPeMatico