Bitcoin stocks correlation ‘feels like’ 100% as $30K BTC price frustrates
Bitcoin simply will not budge from its multi-week range, and morale is suffering as a result. Go to Source Powered by WPeMatico
Inflation
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Yellen Downplays Stimulus Contributing to Inflation, Republicans Grill US Treasury Secretary’s Decisions
U.S. Treasury secretary Janet Yellen doesn’t think inflationary pressures stem from the stimulus policies enacted after the Covid-19 outbreak. While speaking to lawmakers on Wednesday, during the House Ways and Means Committee, Republicans criticized Yellen for not knowing about the risks of inflation. A U.S. senator from Wyoming questioned the Treasury secretary’s “pronouncements and decisions” … Read more
Is Cardano ready for a go at $1? June’s hard fork FOMO lifts ADA price to weekly highs
Cardano’s previous hard forks sparked massive ADA price rallies. Will this time be different? Go to Source Powered by WPeMatico
BTC price snaps its longest losing streak in history — 5 things to know in Bitcoin this week
The longest weekly losing streak in Bitcoin history is finally broken, but the mood among analysts is anything but unanimously bullish. Go to Source Powered by WPeMatico
Kim Dotcom Says ‘US Is Beyond Bankrupt,’ Digital Entrepreneur Predicts a ‘Controlled Demolition of Global Markets’
On June 5, 2022, the entrepreneur and activist known as Kim Dotcom published a post on Twitter and said it “may be the most important thread” he ever makes concerning a major global collapse. In the thread, Dotcom specifically highlights the American economy and he claims the “U.S. is beyond bankrupt.” Dotcom also talked about … Read more
5 reasons why Bitcoin could be a better long-term investment than gold
Crypto advocates often refer to Bitcoin as “digital gold,” but how does BTC stack up against gold as a long-term investment? Go to Source Powered by WPeMatico
The Fed’s Christopher Waller Wants 50 bps Rate Hikes Until Inflation Subsides, US Savings Data Plummets
Federal Reserve governor Christopher Waller has detailed he is ready to get behind 50 bps rate hikes until the extreme inflationary pressures plaguing the U.S. economy subsides. Waller stressed that until inflation is reduced he doesn’t “see the point of stopping” 50 bps rate hikes. Furthermore, statistics from the U.S. Bureau of Economic Analysis show … Read more
‘Mega bullish signal’ or ‘real breakdown?’ 5 things to know in Bitcoin this week
A bullish reversal into the new week rapidly gains attention but sober analysts predict that this is just another relief bounce. Go to Source Powered by WPeMatico
‘Big Short’ Investor Michael Burry Warns of Looming Consumer Recession, More Earnings Trouble
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned of a looming consumer recession and more earnings trouble. He cited falling U.S. personal savings and record-setting revolving credit card debt despite trillions of dollars in stimulus money. Michael Burry’s Recession Warning Famous investor and founder of investment firm Scion Asset … Read more
Desperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review
From a desperate investor’s ill-advised visit to Terra co-founder Do Kwon’s house resulting in an arrest, the announcement of a new Terra network, and blockchain talk at Davos, to predictions of U.S. economic collapse if inflation isn’t reigned in quickly, there’s no shortage of action-packed crypto stories this past week. Without further ado, this is … Read more