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Nigeria Declares Food Emergency After Sixth Consecutive Increase in Inflation Rate
19.7.2023
The Nigerian government declared a food price emergency after the latest data from the National Bureau of Statistics (NBS) showed that the country’s inflation rate had gone up by 0.38% to 22.79%. The NBS said the June inflation figure does not “fully capture the impact of the fuel...
Study: Six Countries Account for Over 90% of Africa’s Crypto Interest in H1 2023
18.7.2023
Between Jan. 1 and July 4, the Nigerian share of Africa’s overall interest in cryptocurrency stood at 66.8%, a figure nearly eight times that of second-ranked South Africa’s share, according to the latest Coingecko report. South Africa, along with Morocco, Ghana, Egypt, and the Ivory...
Crypto Catalysts: Investors to Weigh Jobs, Retail Sales, Production Data for Latest Inflation Signals
17.7.2023
The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points
BTC traders brace for $30K loss — 5 things to know in Bitcoin this week
17.7.2023
BTC price performance is getting market participants worried in the short term, but the signs of wider Bitcoin accumulation are there
Robert Kiyosaki’s Warnings: Giant Crash Incoming, End of US Dollar Approaching
16.7.2023
Rich Dad Poor Dad author Robert Kiyosaki has warned that a giant crash is coming, emphasizing that the end of fiat money, including the U.S. dollar, is near. Noting that the USD “will die,” he urged investors to buy gold, silver, and bitcoin. His warnings came as the BRICS economic bloc...
Report: Zimbabwean Economist Says Portion of Goverment Employees’ Salaries Must Be Paid in Gold Coins
15.7.2023
A Zimbabwean economist has said authorities should consider paying a portion of government employees’ salaries with gold coins. The economist said partially paying government workers with gold coins can “help curtail the black market dominance” in the country’s currency...
BTC price due for $31K as analyst says 'disinflation' boosting Bitcoin
13.7.2023
Bitcoin and crypto markets seem ready to put in a "major move," commentary concludes, as BTC price action coils up below $31,000
Bitcoin, Ethereum Technical Analysis: Bitcoin Consolidates Below $31,000, as Traders Digest Recent Economic Data
13.7.2023
Bitcoin retreated from recent gains on Thursday, as traders were unable to sustain a breakout of a key resistance level. Market volatility has risen following yesterday’s U.S. inflation report, which dropped to a two-year low. Ethereum was marginally lower, slipping below $1,900. Bitcoin...
Western Sanctions on Russia Demolish Global Trade System, Cause Inflation Surge, Says Russian Banker
13.7.2023
Russia’s second-largest bank’s chairman says by imposing sanctions on Russia, the West has “demolished the global trade system and caused an inflation surge.” Pointing to the U.S. banking crisis as an example, he stressed: “This is virtually the largest financial and banking crisis since 2008,...
First Mover Asia: Bitcoin Holds Steady Over $30K as Inflation Data, Macro Issues Leave Investors Increasingly Unmoved
13.7.2023
ALSO: Former CFTC Chair Timothy Massad told CoinDesk TV that regulatory agencies “don’t have to resolve” the stubbornly troublesome issue whether cryptos are commodities or securities
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....
Bitcoin Price Prediction as US Core Inflation Data is Released – Time to Buy?
12.7.2023
The price of Bitcoin is steady at around $30,600, reflecting a nearly 0.50% increase on Wednesday.
The consumer price index saw a 0.2% rise in June, marking a 3% increase from a year ago, the lowest level since March 2021.
With the release of US core inflation data, investors are evaluating...
Even as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K
12.7.2023
Wednesday's CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might've thought would drive BTC's price higher
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...
U.S. CPI Falls to 3% in June, Core Rate Drops to 4.8%; Both Better Than Expected
12.7.2023
Economists had forecast sizable year-over-year declines in both headline in and core inflation for this report
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)...
First Mover Americas: Bitcoin Continues in Holding Pattern Ahead of June U.S. Inflation Data
12.7.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for July 12, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin trader eyes BTC price 'Darth Maul candle' as CPI due 2-year low
12.7.2023
Bitcoin is tipped to see classic volatility in BTC price around the CPI release, while liquidity remains tightly wrapped around spot
Bitcoin Price Prediction: BTC Holds Steady at $30,500 as Market Anticipates June Inflation Data Release
12.7.2023
The price of Bitcoin is currently trading at $30,628, reflecting a nearly 0.50% increase on Wednesday.
As the market awaits the release of June inflation data, the cryptocurrency market remains on "standby" to assess the potential impact on Bitcoin's performance.
Notably, five Bitcoin ETFs have...
Crypto Traders Prepare for Bitcoin Volatility as Focus Shifts to U.S. CPI
12.7.2023
Crypto traders anticipates a big move in bitcoin as Bollinger bands have tightened to the lowest level since early January