Bitcoin battles whales above $22K as BTC price faces US CPI data
Bitcoin bulls are now attacking the “final” major resistance cluster below $25,000, on-chain data shows. Go to Source Powered by WPeMatico
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‘A Dangerous Looking Moment in Global Economics’ — Veteran Investor Jeremy Grantham Warns S&P 500 Could Plunge Another 26%
Jeremy Grantham, the co-founder of the Boston-based asset management firm Grantham, Mayo, & van Otterloo (GMO) believes Standard and Poor’s 500 (S&P 500) could drop another 26% during the next 12 months, according to statements the veteran investor made last week. The GMO co-founder detailed his bearish sentiment by mentioning he’s shorting junk bonds and … Read more
Elon Musk, Cathie Wood sound ‘deflation’ alarm — is Bitcoin at risk of falling below $14K?
Bitcoin price could resume its downtrend if the Fed keeps on hiking rates against the prospects of a rising unemployment rate. Go to Source Powered by WPeMatico
The Fed, the Merge and $22K BTC — 5 things to know in Bitcoin this week
A bullish weekly close sees Bitcoin tackle realized price while analysts speculate on major volatility in the coming days. Go to Source Powered by WPeMatico
Bitcoin short squeeze ‘not over’ as BTC price eyes 17% weekly gains
Analysts are still confident that BTC price action can break $23,000 going into the Ethereum Merge and U.S. CPI data. Go to Source Powered by WPeMatico
Russia Shuts Off EU Gas, Vitalik Discusses Bitcoin Security, and More — Bitcoin.com News Week in Review
Macro markets and geopolitics dominated the news this week, with Russia cutting off Europe’s gas supply, hedge funds betting against Italian debt, and the International Monetary Fund’s bailout for Zambia helping the kwacha overtake the ruble as the world’s best-performing currency. Also in this week’s news, Ethereum co-founder Vitalik Buterin discusses the crypto economy crash … Read more
Bitcoin Price Outlook for September
Almost ten days into September, market volume in bitcoin has started rising, as traders return to action following the summer break. As volume returns, so does volatility, with this week showing both high levels of bullish and bearish sentiment in the token. Looking forward to the remainder of the month, the main question is undoubtedly … Read more
Putin Threatens to Let Europe ‘Freeze’ — Russian President Warns ‘We Will Not Supply Gas, Oil, Coal, Heating Oil’
Following the discussions concerning the inter-governmental political forum Group of Seven (G7) pledging to impose price caps on crude oil and the European Commission talking about fixing electricity prices, Russian president Vladimir Putin explained on Wednesday that Russia will not supply the industrialized economic powers and the West with energy. “We will not supply gas, … Read more
What will drive crypto’s likely 2024 bull run?
Easing monetary policies, the decline of inflation, the change in Bitcoin’s mining difficulty, and growing confidence in DeFi are factors that point to a renewed surge for crypto prices. Go to Source Powered by WPeMatico
VCs pour $14.2B into crypto in H1 2022, but investments now slowing
KPMG noted that despite the expected downfall, investment figures remained well-positioned in comparison to pre-2021 figures, which highlights the growing maturity of the market. Go to Source Powered by WPeMatico
