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Derivatives data show a clear path to $29,000, but inflation and unemployment data will continue to be crucial to determining BTC price rallies. Go to Source Powered by WPeMatico
Lower than expected inflation data sparks an instant rally in crypto, while the U.S. dollar pays the price. Go to Source Powered by WPeMatico
Ethereum was once again volatile on Wednesday, as prices of the token fell below $1,700 ahead of the latest U.S. inflation report. However, following the report, which came in at 8.5% in July, the token surged back above this point. Bitcoin was trading lower, as it continued to hover below $24,000. Bitcoin Bitcoin (BTC) was … Read more
Traders tuck their tails as this week’s CPI print approaches and BTC and ETH price fall back into range to test underlying support. Go to Source Powered by WPeMatico
Investors avoid risk assets during a crisis, but excessive cash sitting in financial institutions could also be good for the cryptocurrencies. Go to Source Powered by WPeMatico
Optimism and expectations increase around crypto markets, but U.S. inflation data looms large this week. Go to Source Powered by WPeMatico
The latest U.S. inflation data is poised for release this week as Bitcoin price action spikes higher after a promising weekly close. Go to Source Powered by WPeMatico
The firm may be caught short in the event that markets have already bottomed and crypto starts to deliver serious returns again. Go to Source Powered by WPeMatico
One year isn’t enough time to witness many fundamental changes, but five years is just enough for everything to change. Go to Source Powered by WPeMatico
Last week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legislation was revealed, 230 economists sent a letter to the country’s House and Senate leaders warning that the proposed policies will actually fuel inflation. … Read more
