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On September 13, the U.S. Bureau of Labor Statistics reported the country’s consumer price index (CPI) inflation jumped by 8.3% annually in August. The reduction was less than expected and market analysts believe the U.S. Federal Reserve will continue its aggressive rate hikes going forward. US Consumer Prices Increased at an 8% Annual Pace of … Read more
Since the start of the year, the crypto market’s performance has been considerably poorer than the S&P 500 and other popular indexes. Go to Source Powered by WPeMatico
Bitcoin’s 4% losses swiftly ensue as inflation fails to cool as quickly as hoped for, resulting in a wave of sell-offs for the crypto market. Go to Source Powered by WPeMatico
Bitcoin bulls are now attacking the “final” major resistance cluster below $25,000, on-chain data shows. Go to Source Powered by WPeMatico
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
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
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
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
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
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