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EUR Drops Below USD for the Second Time in 20 Years, Greenback’s Strength Leads to Largest Weekly Rise Since March 2020

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The U.S. dollar has been very strong compared to a myriad of fiat currencies worldwide and this week, the euro dropped below the USD for the second time in 20 years after meeting parity with the dollar in mid-July. The dollar’s recent brawniness has resulted in the largest weekly rise since March 2020, according to … Read more

Bitcoin Price Rejects $25K, as Cryptocurrency Markets Continue to Lose Momentum

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After peaking at $25k on Sunday, continuing to trade sideways in the $24k range, and now falling to the $23k level, Bitcoin is struggling to hold current support as trading volume continues to decline. While the cryptocurrency market remains above the $1 trillion market cap range, BTC and ETH are seeing single-digit-percent losses this week … Read more

Bitcoin and Ethereum Prices Show Significant Upside After July’s CPI Data Release

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Cryptocurrency markets are showing significant upside this Thursday after trading sideways for most of the week. Yesterday’s CPI data shows that inflation remained unchanged for July, with the gasoline index falling 7.7%. The favorable CPI data is a significant driver for today’s crypto market bull run. Furthermore, cryptocurrencies registered a 6% growth in the overall … Read more

July’s CPI Report Shows US Inflation Cooling — Critics Say ‘US Government’s Formula Understates the Actual Rise in Prices’

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After last June’s inflation report published by the U.S. Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) reflected a 9.1% year-over-year increase, July’s CPI data has come in lower with a year-over-year increase of 8.5%. Economists polled by media publications estimated that July’s CPI data would print 8.7%, however, July’s core CPI, … Read more

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