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Bitcoin, Ethereum Technical Analysis: BTC Hits 9-Month High, as ETH Moves Above $1,700
15.3.2023
Bitcoin briefly surged to a nine-month high late on Tuesday, as prices moved above the $26,000 mark. Although prices have since declined, overall sentiment remains bullish following the latest U.S. inflation report. Consumer prices fell to 6% last month, with ethereum climbing above $1,700 as...
U.S. Inflation Slowed to 6% in February; Bitcoin Breaks $26K
14.3.2023
The bitcoin price (BTC) rose to a nine-month high of $25,484 in the minutes following the report and then extended those gains
Market Strategist Michael Wilkerson Believes US Inflation Could Rise to 12% by Year-End Despite Predictions of Decrease
26.2.2023
While several market strategists and analysts expect U.S. inflation to drop considerably in 2023 compared with last year, Michael Wilkerson, founder of Stormwall Advisors, thinks the inflation rate could climb as high as 12% by the end of this year. The country’s inflation rate has cooled down over...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Gains Following US Inflation Report
15.2.2023
Bitcoin traded above $22,000 on Feb. 15, as markets continue to react to the latest U.S. inflation report. The consumer price index rose 0.5% in January, following a gain of 0.1% the month prior. Overall, the annual rate of inflation came in at 6.4%, which, although lower than December’s...
US Inflation Remains Higher Than Expected, Raising Concerns Among Investors
14.2.2023
U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate. Inflation in the US Remains High, Causing Uncertainty...
Biggest Movers: SOL Rebounds, TRX up for Fifth Straight Session
14.2.2023
Solana was one of Tuesday’s notable movers, as the token rebounded from losses to start the week. The move comes despite U.S. inflation figures missing expectations. Consumer prices came in at 6.4%, higher than the 6.2% many had forecasted. Tron rose for a fifth consecutive session...
Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $22,000 Ahead of US Inflation Report
14.2.2023
Bitcoin rebounded in Tuesday’s session, as markets prepared for this afternoon’s U.S. inflation report. It is expected that the annual rate of inflation in the United States dropped to 6.2% in January, down 0.3% from the month prior. Ethereum also rallied, climbing back above $1,500....
Bitcoin, Ethereum Technical Analysis: ETH Hits 1-Month Low, Falling Under $1,500
13.2.2023
Ethereum started the week trading below $1,500, as it was reported that Paxos will no longer mint BUSD. This has led to a depegging of the stablecoin, and comes ahead of the upcoming U.S. inflation report, which is also adding to today’s volatility. Bitcoin edged lower on Feb. 13, as prices...
Biggest Movers: SHIB Hits 6-Week High, ETC Extends Recent Gains
13.1.2023
Shiba inu was one of Friday’s biggest gainers, as the meme coin raced to a six-week high. The move came as the global cryptocurrency market cap surged, as U.S. inflationary pressures continued to cool off. Ethereum classic was also in the green, with price hitting a two-month high. Shiba...
Bitcoin, Ethereum Technical Analysis: BTC Hits 2-Month High, Climbing Above $19,000
13.1.2023
Bitcoin continued to trade higher on Jan. 13, with prices racing above the $19,000 level, hitting a two-month peak in the process. The latest surge comes as traders continued to react to Wednesday’s U.S. inflation report, which dropped to 6.5%. Ethereum also rose today, hitting a fresh...
U.S. Inflation Rate Slows to 6.5% in December, Inline With Estimates
12.1.2023
Bitcoin is gaining/falling on the news
Bitcoin, Ethereum Technical Analysis: BTC Above $18,000, ETH Hits 2-Month High
12.1.2023
Bitcoin rose to a four-week high on Thursday, as price surged above $18,000 hours before the upcoming U.S. inflation report. This comes as many expect today’s figures to show a considerable drop in consumer prices. Ethereum also moved higher, climbing above $1,400 in the process. Bitcoin...
Bitcoin, Ethereum Technical Analysis: BTC Hits Fresh 3-Week High, Ahead of Thursday’s US Inflation Report
11.1.2023
Bitcoin raced to a fresh multi-week high on Wednesday, as markets turned their attention to tomorrow’s U.S. inflation rate report. Thursday’s report is expected to show that consumer prices have fallen to 6.5%, down from 7.1% the month prior. Ethereum also rose marginally higher...
Bitcoin, Ethereum Technical Analysis: BTC Climbs Back Above $17K, Hitting 3-Week High
9.1.2023
Bitcoin rose to a three-week high on Jan. 9, as prices surged beyond the $17,000 mark to start the week. The move comes days ahead of the upcoming U.S. inflation figures, and as traders continue to react to Friday’s nonfarm payrolls (NFP). Ethereum was also higher, rising to a multi-week...
Federal Reserve Hikes Rate by 50bps, FOMC Signals Rate to Rise to 5.1% Next Year
14.12.2022
The U.S. central bank’s Federal Open Market Committee (FOMC) convened on Wednesday and raised the federal funds rate by 50 basis points (bps). The 0.5 percentage point rise follows the four consecutive three-quarters of a point increases codified during the last few months. The FOMC’s...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Remain Higher Ahead of Fed Rate Decision
14.12.2022
Bitcoin continues to trade close to $18,000 on Wednesday, as markets remain bullish, following the latest U.S. inflation report. Following the data, which saw consumer prices rise to 7.1%, many expect the Federal Reserve to increase interest rates by 50 basis points. Ethereum was also higher today...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Lower Ahead of US Inflation Data
12.12.2022
Bitcoin was trading under $17,000 to start the week, as markets prepared for a big week of economic announcements. U.S. inflation figures will be released tomorrow, and are expected to fall to 7.3%. Many believe this will give way to the Federal Reserve pivoting from its aggressive rate hike...
Gold Outshined Bitcoin This Month Climbing 6% Higher Amid US Real Estate Slump, Lower CPI Data
19.11.2022
This month, gold has outperformed bitcoin after crypto markets shuddered from the recent FTX collapse, and the precious yellow metal climbed 6.12% since the first of November. The U.S. housing market has shown weaknesses and October’s U.S. inflation rate was lower than expected. Analysts...
Bitcoin, Ethereum Technical Analysis: ETH Moves Higher as Markets Continue to React to US Inflation Report
11.11.2022
Ethereum was trading higher on Friday, as cryptocurrency markets continued to rebound, following yesterday’s U.S. inflation report. The better-than-expected 7.7% CPI (consumer price index) figure for October boosted prices, following recent bearish sentiment. Bitcoin briefly climbed back...
Biggest Movers: LUNC 13% Higher, as US CPI Boosts Crypto Markets
10.11.2022
Terra classic has been one of Thursday’s biggest gainers, as crypto markets found light in the form of the latest U.S. inflation (CPI) report, which came in at 7.7%. The token was up by nearly 14% in today’s session, as founder Do Kwon ironically gave his best wishes to FTX chief Sam Bankman-Fried....