Ethereum pares gains, Bitcoin pushed under $40K as Fed set to reveal tapering plans
The two cryptocurrencies appear directionless after correcting in sync lower from their monthly highs. Go to Source Powered by WPeMatico
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The two cryptocurrencies appear directionless after correcting in sync lower from their monthly highs. Go to Source Powered by WPeMatico
Reports show a vast majority of the American populace has been worried about rising inflation and as the weeks roll by, the financial situation continues to look grim. US Senator: ‘There’s No Justification for the Fed to Maintain Its Purchases’ A few analysts believe the upcoming two-day meeting held by the U.S. central bank’s Federal … Read more
Hedge funds are adopting crypto investments, but one asset manager says it is all a speculative play. Go to Source Powered by WPeMatico
High net-worth families are turning to cryptocurrency investments, according to a recent Goldman Sachs survey that found close to half of the company’s family office clients are inquisitive about crypto-asset investments. A Goldman Sachs executive further said that a large portion of the company’s family office clients are asking about blockchain and cryptocurrency technologies. Following … Read more
Jackson, Tennessee’s mayor is a fan of bitcoin and he wants the city to become a bitcoin hub in order to entice technology companies and innovation. Jackson’s mayor Scott Conger is in the midst of discussing creating legislation that allows Jackson residents to pay property taxes with bitcoin. Jackson, Tennessee’s Mayor Is a Fan of … Read more
According to Jeffrey Gundlach, the trading pattern for Bitcoin may suggest a price drop below $30,000. Go to Source Powered by WPeMatico
The latest price declines came after the US inflation rose to a 30-year high in June. Go to Source Powered by WPeMatico
American inflation expectations have surged according to the results of the latest New York Federal Reserve Survey of Consumer Expectations. The presumed inflation rate tapped the highest point since 2013 and alongside the forecast of lower purchasing power, consumer debt and fears of a housing bubble in the U.S. are on the rise. New York … Read more
Glassnode data reveals that investors with a long-term risk outlook have started accumulating Bitcoin during its recent downtrend. Go to Source Powered by WPeMatico
The bearish outlook surfaces as Bitcoin prices form a classic cup and handle pattern, now in the last stage of its maturity. Go to Source Powered by WPeMatico