Global financial markets and crypto sold-off after today’s 8.6% CPI print showed inflation remains a persistent challenge.
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Global financial markets and crypto sold-off after today’s 8.6% CPI print showed inflation remains a persistent challenge.
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BTC and altcoins are on the verge of falling below critical support levels, and today’s higher than expected CPI report isn’t helping.
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Roadmap and protocol upgrades are a few of the factors behind the month-long rally in LINK, OCEAN and HNT.
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Traders keep saying ETH price will collapse below $1,600 soon, but a key trading metric shows most are unwilling to place bearish bets below $1,900.
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Bulls placed too much hope on $32,000 flipping to support, an error that is bound to show by Friday’s $800 million BTC options expiry.
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Ethereum’s Ropsten testnet successfully integrated the merge to become proof-of-stake, but this hasn’t stopped traders from adjusting their downside price targets.
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Regulatory pressure and macroeconomic uncertainty continue to pin traders’ sentiment and BTC price under $32,000.
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Bitcoin and altcoins are losing bullish momentum and persistent selling at overhead resistance suggests that the current consolidation is far from over.
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LINK price broke its downtrend and rallied to $9 after the developers released a roadmap and announced that Chainlink 2.0 includes token staking.
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BTC price rallied back to a strong resistance level at $31,500, but traders caution that another whipsaw is the most likely outcome.
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