Litecoin grapples with ‘double top’ risks after LTC price rallies 37% in November
The classic bearish setup projects Litecoin price potentially falling to $200 in the coming sessions. Go to Source Powered by WPeMatico
Inflation
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Ethereum ‘has to bounce’ as ETH bulls pin $5K rally hopes on critical support channel
Many analysts agree that the “dynamic support” could boost accumulation sentiment in the Ethereum market. Go to Source Powered by WPeMatico
Analysts say Bitcoin price ‘dips are transitory,’ suggesting BTC will soon head to $75K
Rising U.S. inflation and overblown fears about Evergrande contagion might be factors behind BTC’s recent pullback, but most analysts view the drop as a “necessary retest.” Go to Source Powered by WPeMatico
Stablecoin payment app Reserve helps individuals protect their savings against inflation in Latin America
“Our long-term vision is to create a currency that is stronger than any fiat currency that exists now,” said Reserve community manager Yens Michiels. Go to Source Powered by WPeMatico
China’s Real Estate Giant Evergrande Narrowly Dodges Default for Third Time in 30 Days
In mid-September China’s Evergrande Group, the country’s second-largest property developer by sales, sparked fear in the global economy as the company’s market valuation plummeted to an 11-year low. Global economists have warned that if Evergrande defaults on its debts, it could start a credit contagion similar to the Lehman Brothers bankruptcy in 2007. So far, … Read more
US Faces More Inflation Woes as CPI Hits Highest Record in 30 Years
U.S. inflation continues to roar higher as this week’s data from the consumer price index (CPI) jumped 6.2% from a year ago. Americans are concerned as the Federal Reserve has expanded the monetary supply like at no other time in history, suppressed the benchmark interest rate, and U.S. politicians are creating multi-trillion-dollar packages with money … Read more
Record-high inflation prompts investors to take a closer look at Bitcoin
Cryptocurrency values are up, but so is the price of everything else in the United States! Investor curiosity in BTC grows as data shows U.S. inflation rose to a 30-year high. Go to Source Powered by WPeMatico
Bitcoin price briefly hits $69K ATH before plummeting back to Earth
BTC hit a new all-time high! It didn’t last long, however… Go to Source Powered by WPeMatico
Crypto markets rally as inflation rages at 30-year high
In an inflationary environment, assets like Bitcoin appear more attractive to investors. The BTC price rallied to a new all-time high on Wednesday. Go to Source Powered by WPeMatico
Author Insists Current Gold Price Cheaper Now Than in 1980
While gold is generally perceived to be the best hedge against inflation, a report written by author Kelsey Williams has now questioned this longstanding assertion. In the report, Williams argues that the current gold price of around $1,810 per ounce is much lower than the commodity’s average price in 1980. Gold Price Rise Lags Behind … Read more
