Is Bitcoin really a hedge against inflation?
Bitcoin is working as a hedge against inflation despite its 2022 weak price performance, says Steven Lubka, Managing Directors of Private Clients at Swan Bitcoin Go to Source Powered by WPeMatico
Inflation
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Worried about inflation’s impact on your retirement savings? Invest in cryptocurrency
The global economy is tumbling, but we might be able to find some hope in cryptocurrencies. Go to Source Powered by WPeMatico
Bitcoin’s Mathematical Monetary Policy Is Far More Predictable Than Gold and Fiat Currencies
This past April, records show that 19 million bitcoins have been mined into existence and 133 days later, there are 1.88 million bitcoins left to mint today. The network’s block subsidy halving is expected to occur on or around April 20, 2024, as there are less than 91,000 bitcoins left to mine until that point. … Read more
Crypto markets bounced and sentiment improved, but retail has yet to FOMO
The total crypto market capitalization is rising toward $1.25 trillion, but an assortment of metrics show retail and institutions are not ready to “ape.” Go to Source Powered by WPeMatico
Good news for Bitcoin: New CPI data suggests inflation has peaked | Find out now on Market Talks with Tim Warren and Caleb Franzen
The CPI numbers are out and they might hold a bullish signal for Bitcoin (BTC). Join us as we discuss this and other topics with Tim Warren, co-host of Coffee N Crypto, and Caleb Franzen. Go to Source Powered by WPeMatico
July’s CPI Report Shows US Inflation Cooling — Critics Say ‘US Government’s Formula Understates the Actual Rise in Prices’
After last June’s inflation report published by the U.S. Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) reflected a 9.1% year-over-year increase, July’s CPI data has come in lower with a year-over-year increase of 8.5%. Economists polled by media publications estimated that July’s CPI data would print 8.7%, however, July’s core CPI, … Read more
$29K Bitcoin is closer than you might expect, according to derivatives data
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
Bitcoin price sees $24K, Ethereum hits 2-month high as US inflation shrinks
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
Bitcoin, Ethereum Technical Analysis: ETH Surges Back Above $1,700 as US Inflation Falls to 8.5%
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
Bitcoin drops to support as looming CPI print shakes up crypto and stock markets
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