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Data suggests the strong US dollar makes Bitcoin weaker argument is flawed
19.6.2021
Analysts and traders are linking Bitcoin's bearish turn with the growing strength of the U.S. dollar, but data suggests otherwise
Bitcoin may lose $30K price level if stocks tank, analysts warn
19.6.2021
Downside risks for BTC price are also heightened due to the recent dollar bounce
Rugged, Regulation, Flak, Inflation and 20 Crypto Jokes
19.6.2021
In yet another eventful crypto week, BTC touched USD 40K, while Elon Musk sent a positive message and Taproot activation was confirmed, and Pantera CEO said that bitcoin was this cheap only 20% of its history. MicroStrategy said it had no specific target for their BTC holdings, while its CEO raised...
Bitcoin pinned below $38K as investors stash record $756 billion with Fed
18.6.2021
Bitcoin bulls ducked for cover as the Federal Reserve started paying interest rate returns on cash deposits via its reverse repurchase program
Mirror Protocol silently rallies 30% overnight despite crypto market slump
17.6.2021
The decentralized finance protocol's native token MIR jumps over 30% overnight as traders' attention shifts to its protocol upgrade and Gemini listing
Bitcoin price edges higher as Fed inflation meeting sends DXY to 2-month high
17.6.2021
The U.S. dollar appeared to benefit from fresh comments by Jerome Powell, while Bitcoin remains frustrated
Bank of America Survey: Most Fund Managers Say Bitcoin Is a Bubble, Inflation Is Transitory
17.6.2021
The latest Bank of America’s Global Fund Manager Survey shows that “long bitcoin” is now the second most crowded trade. Moreover, most fund managers believe bitcoin is in a bubble and agree with the Fed that inflation is transitory. Bank of America’s June Fund Manager Survey...
Fed Expects 2 Rate Hikes in 2023, Stock Market Plunges, Powell Anticipates Higher Inflation
17.6.2021
The Federal Reserve on Wednesday told the public that it has forwarded the time frame for raising interest rates. “Progress on vaccinations will likely continue to reduce the effects of the public health crisis on the economy, but risks to the economic outlook remain,” the Federal Open...
Bitcoin price falls after Fed shifts interest rate hikes forward amid inflation fears
16.6.2021
Stock markets and Bitcoin price took a slight hit after the Federal Reserve announced plans to increase interest rates twice in 2023, a tad bit earlier than markets expected
Fed Keeps Rates, Says Inflation 'Largely Reflects Transitory Factors'
16.6.2021
Fed Chairman Jerome Powell. Source: a video screenshot, Youtube, NBC News
The US Federal Reserve (Fed) said it decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached...
Diversification into Bitcoin a ‘prudent move,’ says Bloomberg strategist
16.6.2021
The statement appeared as Bitcoin investors waited for fresh economic projections from the Federal Reserve and China pledged to release metal reserves amid concerns over commodity rally
98% of CFOs say their hedge fund will invest in Bitcoin by 2026: Study
16.6.2021
The survey results coincide with U.S. inflation climbing to the highest levels since 1992
JPMorgan Is Stockpiling Cash – CEO Claims There’s a ‘Very Good Chance Inflation Will Be More Than Transitory’
15.6.2021
Investment bank JPMorgan Chase is stockpiling cash according to the company’s CEO Jamie Dimon. The investment banker doesn’t seem to believe inflation is “transitory” and he thinks there’s a “very good chance” inflation could stick around. JPMorgan Chase...
Billionaire Paul Tudor Jones Says ‘I Like Bitcoin’ — Will Go All in on Inflation Trades if Fed Says ‘Things Are Good’
15.6.2021
Billionaire hedge fund manager Paul Tudor Jones says he likes bitcoin. Noting that he can trust math, the famed hedge fund manager said, “bitcoin has appealed to me because it’s a way for me to invest in certainty.” Jones also shared his investment strategies in response to...
Bitcoin price hits $40K as Paul Tudor Jones slams Fed inflation claims
14.6.2021
A stunning BTC price surge accompanies concerns over the Federal Reserve's "institutional credibility."
Texas Senator Claims People Are Flocking to Bitcoin Because US Is on ‘the Verge of an Inflation Crisis’
11.6.2021
This week the United States senator from Texas, Ted Cruz, appeared on the Fox News television broadcast Hannity and discussed the leading crypto asset bitcoin. Cruz told Hannity he believes people are investing in bitcoin because they believe America is on the verge of an inflation crisis....
Nigerian Lawmakers Slam Naira Devaluation, Warn of Inflation Implications
11.6.2021
Nigeria’s House of Representatives has moved a motion calling on the country’s central bank to end the continuing devaluation of the naira. In his unanimously adopted motion, House Representative Bamidele Salam warned the Central Bank of Nigeria (CBN) of the negative “implications...
Gold Tokens Take Off as Inflation Accelerates, Bitcoin Retreats
10.6.2021
The market cap of gold-backed tokens has surged 30-fold since the start of 2020, according to one research firm
US Inflation Accelerates, State Street Launches Crypto Division + More News
10.6.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Economics news
The US economy’s rebound from the pandemic is driving the biggest surge in inflation in nearly 13 years, with consumer prices...
Bitcoin boon as US inflation hits 13-year high, wages fall to lowest in 21st century
10.6.2021
It's grim news for economists and a bittersweet advertisement for Bitcoin this week after the latest CPI report