Inflation – Page 61

Analysts say Bitcoin’s range-bound trading at a key support level reflects a trend reversal

BTC’s journey into the $43,000 to $46,000 price range could be another sign that the multi-month correction has ended.

‘One currency change every generation,’ how monetary skepticism spearheaded cryptocurrency adoption in Czechia

“Since the end of the 19th century, there have been seven distinct currencies in the region that is now Czechia,” says SatoshiLabs’ in-house economist Josef Tětek.

Go to Source

Strong Bitcoin and stocks rally position bulls for victory in Friday’s $860M options expiry

Recent strength in BTC and the recovery in equities markets are boosting investors’ confidence and giving bulls the upper hand in Friday’s $860 million options expiry.

Go to Source

US Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth

Inflation in the United States continues to rise as it climbed at its fastest rate in 40 years since February 1982. Statistics from the U.S. Labor Department’s Consumer Price Index (CPI) jumped 7.5% higher than it was a year ago. US Inflation Continues to Surge On Thursday, the U.S. Labor Department published its CPI report […]

Go to Source

Bitcoin, Ethereum Technical Analysis: ETH, BTC Volatile as US Inflation Hits 40-Year High

Prices of ethereum and bitcoin were volatile on Thursday, as markets reacted to U.S. inflation data. Bitcoin briefly recaptured the $45,000 level, but sold off after the data was released. Bitcoin Bitcoin started the day in the green, hitting the $45,000 mark in the process, however as the U.S. equity session opened, prices weighed, as […]

Go to Source

Bitcoin rejects sell-off as 7.5% US inflation fails to keep BTC down for long

Bitcoin outsmarts bears as $1,800 losses turn to even stronger gains on the start of Wall Street trading.

Go to Source

Venezuelan Government Approves New Tax for Cryptocurrency and Foreign Currency Transactions

The Venezuelan Government has approved a new tax that would affect transactions made in foreign currency and cryptocurrency transactions. Approved by the National Assembly of the country, the tax, called the “large financial transactions” tax would collect up to 20% over transactions made in currencies different from the national fiat currency or the Petro. Venezuelan […]

Go to Source

Ethereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound

Ethereum price is back above its 50-week exponential moving average, a credible support level from the 2020-2021 market boom.

Go to Source

Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints

Bank of England Hikes Bank Rate to 0.25%, Governor Andrew Bailey Hints at Wage Restraints

The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation and weakening growth,” the British central bank’s governor Andrew Bailey told the press. Furthermore, when asked by a BBC reporter if BOE members were urging […]

Go to Source

The US Federal Reserve is making some analysts bullish on Bitcoin again

Recent U.S. economic data could spoil the Fed’s hawkish plans for 2022.

Go to Source