Bitcoin price fails to seal fresh CPI gains as $18K support hangs in balance
BTC price action returns to consolidate on the U.S. CPI release, with Bitcoin firmly undecided on short-term direction. Go to Source Powered by WPeMatico
Inflation
Auto Added by WPeMatico
Bitcoin price rally to $18K possible as $275M in BTC options expire on Friday
Bitcoin bulls aim to push BTC price to $18,000 and options data outlines clear reasons why. Go to Source Powered by WPeMatico
Proposed bill in Argentina to encourage citizens to reveal crypto holdings
Argentines could soon be motivated with tax incentives to declare their crypto holdings as the government aims to tackle money laundering with a proposed bill. Go to Source Powered by WPeMatico
World Bank Report Forecasts Bleak Global Economic Outlook, Citing ‘Adverse Developments’ and ‘Long-Lasting Slowdown’
On Jan. 10, 2023, the World Bank published its Global Economic Prospects report, stating that the outlook for the global economy and future economic conditions is bleak. According to the report, 2023 growth forecasts have been cut across the board, with the global economy projected to grow by 1.7% in 2023 and 2.7% in 2024. … Read more
Bitcoin price holds $17K into Fed Powell speech as GBTC jumps to multi-month highs
Bitcoin, crypto and risk asset traders await dovish signals from Fed Chair Jerome Powell ahead of fresh CPI data later in the week. Go to Source Powered by WPeMatico
Cryptocurrency Rose Ranks in Popularity as Investment Option in Chile in 2022
Cryptocurrencies rose in popularity in Chile, according to a survey from global consulting firm Bain & Company. The survey found that crypto is ranked as the third most popular investment asset among Chileans, only behind investment funds, which were the most popular investment option, and real estate, which ranked second. Popularity of Crypto Rises in … Read more
Prices in Dollars Rose Almost 54% in Venezuela During 2022
Prices in Venezuela have been rising steadily even when denominated in foreign currency. According to data collected by Ecoanalitica, a market research firm, prices marked in dollars have grown close to 54% during 2022, affecting the income and savings of Venezuelans that have been using the U.S. dollar as an inflation hedge. Prices Grow Even … Read more
Bitcoin derivatives data suggests a BTC price pump above $18K won’t be easy
The BTC futures premium remains a topic of concern, but it appears that traders are starting to price similar risks for the upside and downside. Go to Source Powered by WPeMatico
Why is Ethereum (ETH) price up today?
Ethereum’s price is up today with most options traders anticipating a run toward $3,500-$4,000 before April 2023. Go to Source Powered by WPeMatico
Uncertainty Surrounds Federal Reserve’s Future Plans for Rate Hikes
The U.S. Federal Reserve has raised the benchmark bank rate seven times during the course of 2022, leading many to question when the central bank will cease or change course. The Fed has stated that it aims to bring inflation down to the 2% target, and the increases to the federal funds rate are intended … Read more