Bitcoin spoofs $40K breakout as US CPI inflation data conforms to 7.9% estimates
Bitcoin sees competition from commodities after failing to put in lasting gains from the latest U.S. inflation news. Go to Source Powered by WPeMatico
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Bitcoin sees competition from commodities after failing to put in lasting gains from the latest U.S. inflation news. Go to Source Powered by WPeMatico
Bitcoin‘s role as an inflation hedge is popular, with one expert stating that ”you don‘t need Bitcoin until you do.” Go to Source Powered by WPeMatico
The Biden administration’s dovish approach to crypto sector regulation and a bounce in equities markets could give bulls a boost in Friday’s $790 million options expiry. Go to Source Powered by WPeMatico
Inflation continues to rear its ugly head in the lives of Americans, as 64% of U.S. residents are living paycheck to paycheck. Equities futures indicate Wednesday’s trading sessions may see stocks heal after the last two days of significant capitulation. However, the S&P 500 index is showing an ominous death cross ahead, which means the … Read more
A Goldman Sachs senior chairman has asked why crypto is not having a moment despite “the inflating U.S. dollar” and governments demonstrating that they can and will freeze accounts under certain circumstances. “Not seeing it in the price, so far,” he said. Goldman Sachs’ Blankfein Has a Question About Crypto Lloyd Blankfein, who is currently … Read more
A finance professor at the Wharton School of the University of Pennsylvania has warned of “bitcoin taking over.” He added that the Fed “has been terribly wrong over the last year” about inflation and must now act to defend the U.S. dollar. Finance Professor Urges the Fed to Take Action to Defend the U.S. Dollar … Read more
BTC/USD loses over 10% in two days, hastened by concerns over Ukraine developments. Go to Source Powered by WPeMatico
Decentralized networks such as Bitcoin’s don’t know national allegiance, they only know math. And when you’re trying to get your savings out of an ATM, or send a payment to relatives in a war-torn environment, someone else’s politics is the last thing you want standing in the way of you and your loved ones’ well-being … Read more
BTC price is retesting underlying support today, but derivatives data hints that bulls may launch an assault on $45,000 as Friday’s options expiry approaches. Go to Source Powered by WPeMatico
The statement appears as Jerome Powell keeps the door open for a 0.5% rate hike in the summer and Fitch Ratings warn about a major slash in the U.S. gross domestic product (GDP). Go to Source Powered by WPeMatico