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Crypto Economy Slides 8% in Value Shaking Out Billions, Blame Placed on New Covid Variant
26.11.2021
During the last 24 hours, the crypto economy has lost 8% in value as a great number of crypto asset prices dropped significantly during the overnight trading sessions. Crypto markets lost more than $22 billion in value as the leading digital currencies in the top 20 standings lost anywhere between...
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...
After Central Bank Devalues Naira by 5% Finance Minister Attributes Drop to ‘Market Forces’
14.6.2021
Nigerian Finance Minister Zainab Ahmed has denied widespread reports that the Central Bank of Nigeria (CBN) had sanctioned the devaluation of the local currency sometime in May 2021. Instead, she attributes the naira’s fall to the “volatility in the oil price.” Ahmed’s...
Antonopoulos: Drop in Oil Prices Give US Miners a Competitive Edge
1.6.2020
Crypto miners based in the United States will greatly benefit from the falling electricity prices worldwide, says Andreas Antonopoulos
The Greatest Wealth Transfer: Economists Predict the Emergence of New Bitcoin Millionaires, BTC Capturing 3% of Gold Market
27.4.2020
The global economy has been feeling the hardships from the mandated lockdowns various nation states have implemented during the last month and a half. Oil prices have dropped below zero for the first time in history, and economic powerhouses like the U.S. are starting to show cracks in the system....
Oil’s Been More Volatile Than Bitcoin for Nearly 2 Months, Data Shows
24.4.2020
The surge in volatility for oil goes back a lot further than Monday's crash, CryptoCompare data indicates
First Mover: 10 Takeaways for Bitcoin From Negative Oil Prices
21.4.2020
Oil futures crashed into negative territory, making bitcoin look like a beacon of stability. But what does the news really mean for the top cryptocurrency?
Bitcoin Under Pressure After Oil Prices Crash to Record Lows
21.4.2020
The top cryptocurrency is looking weak after Monday's big crash in the oil markets
Negative Oil Prices Could Hurt Bitcoin Miners Who Use Flared Gas
20.4.2020
North American bitcoin miners who've bet on fossil-fuel extraction to power their rigs are watching the oil markets closely as prices sink to historic lows
US Cash Crisis: Withdrawal Limits Spark Bank Run Fear
18.3.2020
The entire world has been focused on the economy as the coronavirus outbreak has devastated global markets. While stocks, commodities, and barrels of oil plunge in value, there’s been considerable demand for cold hard cash in certain countries. According to reports, Wall Street’s elite...
Oil Prices Are Now More Volatile Than Bitcoin
20.2.2020
For skeptics and traditional market investors, bitcoin is synonymous with extreme bouts of price volatility. However, in recent times, oil has become a relatively risky asset
Trump Pressures Fed for More Rate Cuts as Mega Banks Drain the Balance Sheet
2.10.2019
U.S. President Donald Trump is pressuring the central bank to cut interest rates even further as a spike in oil prices has offset the Federal Reserve’s ‘normalization’ tactics like rate-cutting and overnight repos. Additionally, the mega bank JP Morgan Chase (JPM) is being blamed...
Crypto Markets Show Signs of Recovery, While Oil Prices Slump
1.6.2019
Digital currencies have shown gains on the day following yesterday’s correction
Crypto Assets Outshine Most Traditional Investments in 2019
29.5.2019
Last year, cryptocurrency proponents either complained about the low prices or celebrated the fact they could obtain cheaper coins. 2019 has been an entirely different story, however, as digital assets have started to gain significant value in comparison to traditional assets like stocks, oil,...
Crypto Markets Turning Green, Oil Prices Tumble
24.5.2019
After yesterday’s slump, crypto markets are showing signs of recovery, with bitcoin trading around $7,900
Tension In Middle East, Oil Prices Increase
16.5.2019
The US West Texas Intermediate crude futures rose by 25 cents from the previous day and was at $62.27 for a barrel a rise of 0.4%. The Brent Crude futures also rose up by 0.7% up by 0.4% and ended the session at $72.04 for a barrel. The oil prices had stabilized after the fallout …
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