BTC price falls below $38K as Tencent leads worst China tech rout since July
Pressure on Chinese tech stocks adds to a potent cocktail of inflation and geopolitical strife, with Wall Street closed for trading. Go to Source Powered by WPeMatico
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Fed senior officials will soon not be allowed to trade crypto, stocks, and bonds
The rules were intended to “support public confidence in the impartiality and integrity of the Committee’s work by guarding against even the appearance of any conflict of interest.” Go to Source Powered by WPeMatico
US Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth
Inflation in the United States continues to rise as it climbed at its fastest rate in 40 years since February 1982. Statistics from the U.S. Labor Department’s Consumer Price Index (CPI) jumped 7.5% higher than it was a year ago. US Inflation Continues to Surge On Thursday, the U.S. Labor Department published its CPI report … Read more
BTC price returns to $43K — 5 things to watch in Bitcoin this week
Cautious celebration as Bitcoin avoids a dive back into its recent trading range as inflation and the dollar form major points of interest. Go to Source Powered by WPeMatico
Bitcoin returns to $40K, liquidating over $50M of shorts in hours
It’s sudden death for those who were shorting Bitcoin or altcoins on Friday, as major upside levels reappear after a two-week absence. Go to Source Powered by WPeMatico
Bitcoin surges toward $39K as stocks volatility keeps Wall Street on edge
Friday delivers more of the same for both tech stocks and crypto, with Bitcoin adding $1,000 on the Wall Street open. Go to Source Powered by WPeMatico
Crypto Asset Manager Wisdomtree Reveals ‘Direct-to-Retail’ Digital Wallet
The crypto asset and exchange-traded fund (ETF) manager Wisdomtree has revealed the company is launching a new digital wallet called Wisdomtree Prime, which will allow users to hold crypto assets, blockchain-enabled funds, tokenized versions of commodities like gold, and access to stocks or bonds based on Wisdomtree’s indexes. Wisdomtree to Launch Prime Wallet in Q2, … Read more
US crypto executive order looms — 5 things to watch in Bitcoin this week
A lack of bullish momentum leaves Bitcoin wanting this week as macro clouds gather on the horizon. Go to Source Powered by WPeMatico
Terra (LUNA) at risk of 50% drop if bearish head and shoulders pattern plays out
LUNA price is at risk of further downside, but analysts point to a possible rebound as the altcoin tests a reliable, multi-month moving average as support. Go to Source Powered by WPeMatico
Precious Metals, Cryptocurrencies, Stock Markets Falter Following Powell’s Rate Hike Statements
Equities, crypto markets, and precious metals did well during the early morning trading sessions on Wednesday, just before the U.S. central bank wrapped up its Federal Open Market Committee (FOMC) meeting. While the Fed said in a statement that the benchmark interest rate would rise soon, the central bank’s lead Jerome Powell said the committee … Read more