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US Faces More Inflation Woes as CPI Hits Highest Record in 30 Years
11.11.2021
U.S. inflation continues to roar higher as this week’s data from the consumer price index (CPI) jumped 6.2% from a year ago. Americans are concerned as the Federal Reserve has expanded the monetary supply like at no other time in history, suppressed the benchmark interest rate, and U.S....
As Bitcoin Soared Past $68K, Plan B Says Floor Model Shows BTC Reaching ‘$100K This Year’
9.11.2021
On November 8, 2021, the price of bitcoin reached an all-time high of $68,564 per unit at 10:57 p.m. (ET) on Monday evening. Meanwhile, Plan B, the creator of the bitcoin price model called stock-to-flow (S2F), has correctly predicted the last three months of bitcoin prices and recently said that...
The Crypto Economy Soars Past $3 Trillion — Momentum of Value Grew Much Faster Than Apple’s Market Valuation
8.11.2021
On November 8, 2021, the cryptocurrency economy’s market capitalization reached the $3 trillion mark after gathering significant value over the course of 12 years. The overall value of the 10,464 crypto-assets in existence is now larger than Microsoft’s market valuation at $2.52...
Author Insists Current Gold Price Cheaper Now Than in 1980
8.11.2021
While gold is generally perceived to be the best hedge against inflation, a report written by author Kelsey Williams has now questioned this longstanding assertion. In the report, Williams argues that the current gold price of around $1,810 per ounce is much lower than the commodity’s...
JPMorgan Doubles Down on Bitcoin Price Prediction of $146K
8.11.2021
Global investment bank JPMorgan has doubled down on its bitcoin price prediction of $146K. The bank’s analyst explained that the price of the cryptocurrency could reach that level if its volatility subsides and institutional investors start investing in bitcoin more than gold in their...
Billionaire Stan Druckenmiller Warns Crypto, Meme Stocks, Bonds Are in a Bubble: ‘This Bubble Is in Everything’
8.11.2021
Billionaire investor Stan Druckenmiller has warned that everything is in a bubble, mentioning cryptocurrency, meme stocks, equities, and bonds in particular. “This bubble is in everything, every asset on the planet,” Druckenmiller stressed. Druckenmiller’s Warning: Every Asset...
CoinMarketCap Updates and Verifies TON Crystal Listing; TON Now Among Top 5% of Assets by Market Cap
5.11.2021
CoinMarketCap, the leading authority on real-time cryptocurrency prices and data, has just updated and verified its TON Crystal (TON) listing. Now TON, the native token of the FreeTON blockchain, ranks among the top 5% of cryptocurrencies by market cap. This has been a year of remarkable...
New Data Shows Red Hot US Inflation Highest in 30 Years — Analyst Says Rising Inflation Could Hit a ‘Tipping Point’
1.11.2021
Inflation continues to remain hot in the United States as supply constraints and higher oil prices continue, seeing barrels of crude surge above $80 per unit. Meanwhile, data released on Friday indicates that consumer expenditures have risen to 4.4%, the highest run-up of inflation the country...
Vague News From Ripple Fails To Propel XRP Prices
1.11.2021
The US-based fintech company Ripple’s On-Demand Liquidity (ODL) network has seen its share of transactions over RippleNet double since Q3 of last year, the company said. But despite the announcement that lacked specific numbers, the price of XRP, the token that can be used in ODL, is nearly...
Peter Thiel: High Bitcoin Prices Are Proof of US Inflation
1.11.2021
The PayPal co-founder and venture capitalist billionaire Peter Thiel has claimed that rising bitcoin (BTC) prices are proof that inflation has taken hold in the United States economy.
Thiel, who per Bloomberg was speaking at the weekend “at a conservative conference” that high BTC prices “indicate...
Mad Money’s Jim Cramer Invests in Crypto Because ‘There Could Be Millions of Greater Fools Out There’
31.10.2021
The host of Mad Money, Jim Cramer, has some advice for crypto investors. “As long as you recognize the very real possibility that the whole investment case for crypto rests on the greater fool theory, you’ve got my blessing to speculate on it,” he said. Cramer added that he...
Finance Author Says $100K Bitcoin Prices Not ‘So Far-Fetched — Don’t Rule It Out’
30.10.2021
Throughout 2021, there’s been a number of people who have said they expect bitcoin to reach $100K by the end of this year. In more recent times, the six-digit bitcoin price forecasts continue as people are now saying a sudden move to $100K “doesn’t seem so far-fetched.”...
While Ethereum Prices Skyrocket, Ether Gas Fees Surge Fueling Costly Transfers
30.10.2021
On October 29, 2021, the second-largest crypto asset in terms of market valuation, ethereum, reached an all-time price high at $4,467 per unit. Meanwhile, after the Ethereum network’s Altair upgrade went live, ether gas fees have skyrocketed significantly. As Ethereum Tests New Price Highs...
Ethereum Captures New All-Time Price High — ETH Market Cap Surpasses $510 Billion
29.10.2021
Nine days ago, bitcoin reached a new all-time high (ATH) and now the second leading crypto asset ethereum has tapped an ATH on Friday morning. Ethereum reached a high of $4,416 per unit and has since retreated around 2% down from that price position. Ethereum Reaches New All-Time Price High...
Metaverse, NFTs and Gaming Token Prices Soar as Facebook Goes Meta
29.10.2021
Prices of metaverse, non-fungible tokens (NFTs), and gaming tokens have shot up in the past few hours, with markets buoyed by the news that Facebook is to rename itself Meta. The tech giant reaffirmed its plans to rebrand itself as a “metaverse company” – and has made references to “crypto”...
Buoyant Bitcoin Prices Met with Silence by El Salvador’s Anti-BTC Critics
27.10.2021
As bitcoin (BTC) prices continue to hover around the USD 60,000 mark, a kind of hush has fallen over much of the El Salvador mainstream media – most of which is vehemently opposed to both President Nayib Bukele and his bitcoin adoption drive....
Read More: Buoyant Bitcoin Prices Met with Silence...
Australian Dollar Rises While Energy Prices Keep Soaring
27.10.2021
The AUD witnessed a slight surge after the Australian CPI numbers were released recently. Q3 headline inflation arrived with 0.8% q/q versus the forecast of 0.8%. Meanwhile, the annual headline rate reached 3.0% in y/y against the expected 3.1%. The former reached 0.7% q/q instead of 0.5% with...
Swarm of Alternative Crypto Assets Outpace Bitcoin’s Gains by Double Digits This Week
25.10.2021
After the price of bitcoin tapped an all-time high above the $67K handle, it then dropped below the $60K zone to $59,510 per unit. Since then, the leading crypto asset has regained some of the losses and bitcoin is still up 2.4% during the last seven days. However, a great number of crypto assets...
Solana Moves Into 6th Largest Crypto Market Cap Position — SOL Valuation Targets Cardano’s Rank
22.10.2021
The crypto asset solana has managed to capture more than 12% in gains during the last 24 hours and has recently positioned itself as the sixth-largest cryptocurrency market capitalization. The crypto asset’s overall market cap is around $62.2 billion, only 11% away from surpassing...
Valkyrie Bitcoin futures-linked ETF launches on Nasdaq, with share prices dropping 3% in first hour
22.10.2021
While the price of Bitcoin rose above $63,000 during the launch of ProShares' Bitcoin Strategy ETF, it dipped under the price level today to hit the $61,000s