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Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union’s member states reached parity against the U.S. dollar for the first time in 20 years. Euro Hits Parity Against the … Read more
According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists thought May’s CPI data would be the record peak. US … Read more
Where can one safely store digital assets, earn crypto rewards, and trade coins intermittently, while the market continues to see a sea of red? Go to Source Powered by WPeMatico
U.S. inflation comes in a full 0.3% higher than expected, causing a dollar strength spike and the euro to fall below parity with USD. Go to Source Powered by WPeMatico
“Highly elevated” CPI numbers due in hours as one theory suggests that there is already no more room for Fed rate hikes. Go to Source Powered by WPeMatico
Crypto market jitters around inflation expand with Bitcoin and Ethereum dropping to levels not seen since last week. Go to Source Powered by WPeMatico
BTC on-chain metrics and technical indicators are trading near historical bottoms, but analysts say a new “macro catalyst” could prove the current range is not the bottom. Go to Source Powered by WPeMatico
Support is thin on the ground, analysts and traders warn, as ex-BitMEX CEO Arthur Hayes heralds the start of the fiat currency “doom loop” with USD/EUR parity. Go to Source Powered by WPeMatico
Bitso, a Mexican-based, Latam operating cryptocurrency exchange, announced it is launching a remittance service in Colombia. The company will now allow its customers in Colombia to send and receive remittances using dollar-pegged stablecoins on the platform. The exchange launched a similar service in Mexico last year in partnership with Circle. Bitso Expand Remittances Program to … Read more
A potent combination of CPI figures and more make for a problematic week as Bitcoin price struggles. Go to Source Powered by WPeMatico
