Bitcoin price rises to $20.7K as Fed’s Powell says more rate hikes ‘appropriate’
Testimony from the Fed Chair provides no surprises while risk assets meander on the Wall Street open. Go to Source Powered by WPeMatico
Inflation
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Why the crypto market crash may play in Bitcoin’s favour
Podcaster and Bitcoin educator, Natalie Brunell, believes the current market turmoil could lead to regulation favouring Bitcoin over alts. Go to Source Powered by WPeMatico
Ethereum analyst warns of ‘clean fakeout’ despite 30% ETH price rebound
One of Ether’s on-chain indicators signals the token has entered its bottoming out phase. Go to Source Powered by WPeMatico
$100K BTC Predictions, Peter Schiff on Recession and Bitcoin, Bill Gates Slams NFTs — Bitcoin.com News Week in Review
It’s been a week of polarizing opinion in crypto news. Whether it’s cryptocurrency fund managers predicting $100K bitcoin by the end of the year, Peter Schiff saying things “will only get worse as the recession deepens,” or Bill Gates slamming crypto and NFTs, citing the Greater Fool Theory, there’s been no shortage of spicy debate … Read more
Bitcoin price falls below $20K for first time since 2020
A brutal day of losses unfolds as Bitcoin crosses under its previous cycle high for the first time in history. Go to Source Powered by WPeMatico
Resistance is futile! 3 reasons why Bitcoin mining will never go away
Numerous governments have tried to ban Bitcoin mining, but data and insights from those in the mining industry suggest that this is easier said than done. Go to Source Powered by WPeMatico
US Central Bank Hikes Benchmark Rate by 75 bps, Fed’s Largest Increase Since 1994
The U.S. Federal Reserve raised the federal funds rate by 75 basis points (bps) on Wednesday, and it was the largest increase since 1994. According to the Fed member’s expectations, the central bank will likely add another 1.5 percentage points by the year’s end. Fed Hikes Rate by 75 bps, Global Markets See Slight Rebound … Read more
Bitcoin price climbs to $22.5K after Fed 75 basis point hike aims to cap runaway inflation
BTC and altcoins generated nominal gains after the Federal Reserve raised the benchmark interest rate by 0.75%, the largest hike in 28 years. Go to Source Powered by WPeMatico
Bitcoin bounces 8% from lows amid warning BTC price bottom ‘shouldn’t be like that’
Hodlers catch their breath as markets digest the prospect of higher Fed rate hikes, but traders refuse to believe that Bitcoin is done dropping. Go to Source Powered by WPeMatico
BTC price crashes to $20.8K as ‘deadly’ candles liquidate $1.2 billion
Carnage for short-term traders and speculators as volatility destroys both long and short positions on the way to $20,000. Go to Source Powered by WPeMatico