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US Inflation Climbs to 3.2% in July, Stoking Concerns and Dividing Market Opinions

10.8.2023
The most recent data from the Bureau of Labor Statistics reveals a growingly intricate inflationary scenario for the U.S. economy. Disclosed on Thursday, the Consumer Price Index for All Urban Consumers (CPI-U) exhibited a 3.2% annual increase in July, primarily propelled by housing expenses. This...

Bitcoin, Ethereum Technical Analysis: BTC, ETH Slip on Thursday, Despite Inflation Cooling Off in US

10.8.2023
Bitcoin retreated from a recent high on Thursday, in light of a much anticipated inflation report from the United States. The consumer price index declined to an annual rate of 3.2% last month, with core inflation falling to 4.7%. Ethereum also slipped into the red. Bitcoin Bitcoin (BTC) gave...

U.S. July CPI Mostly In Line, Rising 0.2% for Month, 3.2% Y/Y

10.8.2023
This morning's inflation numbers are among the key pieces of data the Fed will be looking at next month as it determines the course of monetary policy

CoinGecko Launches Index for Crypto Tokens Alleged as SEC Securities, Valued at $91 Billion

8.8.2023
Cryptocurrency data aggregator CoinGecko has introduced a new category that lists cryptocurrencies that have been designated as securities by the United States Securities and Exchange Commission (SEC). This move comes in response to the growing need for clarity in the complex regulatory landscape...

CoinGecko now has an index for crypto tokens alleged as securities

7.8.2023
According to CoinGecko, nearly $85 billion worth of crypto falls under the category of “alleged SEC securities.”

Bitcoin, Ethereum Technical Analysis: BTC Starts August Trading Below $29,000

1.8.2023
Bitcoin dropped below the $29,000 level to start the month of August, as the greenback continued to strengthen versus other G7 currencies. The U.S. dollar rose ahead of this afternoon’s manufacturing Purchasing Managers Index (PMI), which is expected to climb to a reading of 46.8. Ethereum...

Bitcoin Surpasses $29.6K After Fed's Rate Hike; CoinDesk Market Index Jumps 1.2%

27.7.2023
A few more Fed rate hikes are likely, but "the hardest work is done," one expert said

Bitcoin, Ethereum Technical Analysis: BTC, ETH Find Price Support Ahead of US Consumer Confidence Report

25.7.2023
Bitcoin rebounded from a one-month low Tuesday, as markets prepare for the upcoming U.S. consumer confidence report. The confidence index is expected to increase to a reading of 111.5 in July, up from 109.7 the month prior. Ethereum also bounced higher, after colliding with a key price floor....

Deribit's Bitcoin volatility index hits lifetime lows, hinting sideways action

25.7.2023
The Bitcoin Implied Volatility Index has fallen to its lowest levels since the crypto options exchange launched the tracker in early 2021

Innovative Heating Solutions: Bitcoin Miners Turning Heat Into Satoshis

24.7.2023
In recent years, bitcoin miners have learned to reuse the heat generated by application-specific integrated circuit (ASIC) mining rigs. Recently, a Twitter account named “Rev.Hodl” demonstrated how a bitcoin miner was employed to dry laundry. While the clothes dryer serves to...

Why is XRP price down today?

24.7.2023
XRP price is down today like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week

First Mover Asia: Bitcoin Fear and Greed Index Sinks Into Neutral Territory, a Sign of Investor Uncertainty

21.7.2023
The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot

Bitcoin Cannot Remain Indifferent to Dollar Index for Long: Analyst

18.7.2023
U.S dollar index's fate impacts global liquidity conditions, which, in turn, influences risk assets, including cryptocurrencies

How to use index funds and ETFs for passive crypto income

14.7.2023
Index funds and ETFs offer attractive options for passive income investing, providing investors with diversified exposure to various crypto assets

US Inflation Hits Two-Year Low, Boosting Stocks and Precious Metals

13.7.2023
On Wednesday, July 12, 2023, the U.S. Bureau of Labor Statistics released the Consumer Price Index report for June, showing a 3% increase in inflation, the lowest level since March 2021. The U.S. inflation rate has fallen for 12 consecutive months, with the index rising 0.2% on a monthly basis....

Biggest Movers: BCH 6% Higher, as US Inflation Falls by More Than Expected

12.7.2023
Bitcoin cash rose by nearly 6% on Wednesday, following the release of the latest consumer price index (CPI) in the United States. Inflation fell by 1.0% from May, coming in at 3.0% last month. Polkadot also rose, extending its winning run for a third straight day. Bitcoin Cash (BCH) Bitcoin cash...

Bitcoin, Ethereum Technical Analysis: Bitcoin Pushes Towards $31,000 as US Inflation Is Expected to Fall

12.7.2023
Bitcoin moved towards $31,000 on Wednesday, ahead of June’s inflation report from the United States. Consumer prices are expected to fall to 3.1%, down from May’s reading of 4.0%. Ethereum also edged higher, as the cryptocurrency closed in on the $1,900 mark. Bitcoin Bitcoin (BTC)...