Ethereum price ‘bullish triangle’ puts 4-year highs vs. Bitcoin within reach
ETH/BTC could reach 0.10 this year as the market anticipates Ethereum’s proof-of-stake switch. Go to Source Powered by WPeMatico
Inflation
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Bitcoin spikes with stocks as US inflation hits highest since 1981
The Fed gets some serious heat as CPI numbers show just how quickly prices are rising for U.S. consumers. Go to Source Powered by WPeMatico
Bitcoin, Ethereum Technical Analysis: BTC Back Above $40,000 Following Record U.S. Inflation Data
Bitcoin and ETH both fell below key price levels on Tuesday, as crypto bears continued to push prices lower. Despite this, both have now regained these levels following news that U.S. inflation rose to a record 8.5% year-over-year. Overall, cryptocurrency markets were down 1% as of writing. Bitcoin BTC dropped below its key level of … Read more
Lack of proper financial services boosts crypto ownership in Nigeria, says report
One of the main reasons investors across the globe seek to diversify traditional assets into crypto is to counter rising fiat inflation. Go to Source Powered by WPeMatico
Bitcoin claws back $40K as 24-hour crypto liquidations near $500M
Incoming CPI data is set to shock markets while Bitcoin traders are eyeing the event as a potential “short-term bounce” catalyst. Go to Source Powered by WPeMatico
Stronger dollar prospects risk pushing down Bitcoin price to $32K
The U.S. dollar index could rally further in the coming weeks, which is typically bad news for Bitcoin. Go to Source Powered by WPeMatico
Could the Government Confiscate Gold Again? A Look at Today’s ‘Emergencies’ and Revisiting Executive Order 6102
This past Tuesday, April 5, was the 89th anniversary of Executive Order 6102 when the U.S. government would strictly “forbid the hoarding of gold coin, gold bullion, and gold certificates within the continental United States.” While the global economy seems to be heading toward disaster and the U.S. dollar’s strength is being examined, many have … Read more
BTC starts 2022 all over again — 5 things to know in Bitcoin this week
The yearly open stays in focus as support as Bitcoin bulls hope for a trip to $50,000 this week. Go to Source Powered by WPeMatico
European Inflation Skyrockets to Record 7.5% — ECB Chief Lagarde Expects Energy Prices to ‘Stay Higher for Longer’
While inflation continues to roar in the U.S., the inflation rate in the eurozone tapped another high last month reaching 7.5% in March. Energy and food prices have soared throughout the 19 member state economies, and European Central Bank president Christine Lagarde expects energy prices to “stay higher for longer.” Eurozone Inflation Continues to Climb, … Read more
Is Bitcoin a hedge against inflation?
Inflation eats into your savings, reducing the value drastically over time. Is Bitcoin a good inflation hedge? Go to Source Powered by WPeMatico