What is stagflation, and how could it impact the cryptocurrency markets?
What is stagflation, how to fight it with crypto and how are the cryptocurrency markets impacted by high inflation and economic downturn? Go to Source Powered by WPeMatico
Inflation
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‘Imminent’ crash for stocks? 5 things to know in Bitcoin this week
Bitcoin gets a boost from a declining U.S. dollar, but BTC price action is anything but straight bullish, say analysts. Go to Source Powered by WPeMatico
Bitcoin sees worst monthly close in 2 years as traders watch $16.7K
BTC price action strengthens into the November monthly candle close, but traders are already warning over getting too “cocky” on Bitcoin. Go to Source Powered by WPeMatico
Blockchain-based fintech company prepares to enter $500B freight settlement market
Although rare, real-world blockchain utility does exist, now evidenced by one company’s efforts to reduce transactional fees in supply chains. Go to Source Powered by WPeMatico
Bitcoin price hits $17K on US PPI as trader warns of ‘final capitulation’
Plenty of uncertainty about the future remains for the price of Bitcoin amid fresh signs that U.S. inflation is slowing. Go to Source Powered by WPeMatico
5 reasons 2023 will be a tough year for global markets
From inflation to energy shortages and general instability, markets are set for a turbulent year ahead. Go to Source Powered by WPeMatico
FTX crisis likely to spark a domino effect, macro analyst explains
The collapse of Sam Bankman-Fried’s crypto empire is likely to have ripercussions beyond the crypto markets, according to senior commodity strategist at Bloomberg, Mike McGlone. Go to Source Powered by WPeMatico
Ethereum turns deflationary for the first time since the Merge — ETH price still risks 50% drop
A bearish technical setup and a declining number of Ethereum whales pose downside risks for ETH price. Go to Source Powered by WPeMatico
Bitcoin Price Outlook for November — FTX Crisis Fuels Bearish Momentum
It’s fair to say that the first ten days of November have been nothing short of historic in cryptocurrency markets. The turmoil surrounding FTX, and its all-but-confirmed collapse, seems to have eclipsed both Luna and Celsius, who also capitulated earlier this year. The impact of this has been felt by bitcoin, which recently fell below … Read more
Bitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip
Wild volatility continues for Bitcoin and altcoins as the lowest CPI readout since January pummels the dollar. Go to Source Powered by WPeMatico