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BitMEX Co-Founder Arthur Hayes Says Bitcoin is Rallying on "Fears of Global Wartime Inflation"
25.10.2023
Arthur Hayes, co-founder of crypto derivatives exchange BitMEX, believes the recent rally in the crypto market is not solely driven by anticipation of a spot Bitcoin (BTC) ETF.
In a Tuesday essay titled "The Periphery," Hayes attributed the surge in the crypto market to the costs associated with...
Mexican Billionaire Advocates Bitcoin for Wealth Protection — ‘People Need to Realize They’re Being Robbed’
24.10.2023
Mexican billionaire Ricardo Salinas sees bitcoin as a way to protect against inflation tax because the cryptocurrency cannot be debased. “People’s savings are being taken from them without their permission, without their knowledge,” he stressed, adding that “everybody...
Argentina Faces Presidential Runoff: Massa and Milei Vie for Leadership Amid Economic Tensions
24.10.2023
This past weekend in Argentina, a vote for the country’s next president led to a runoff between Finance Minister Sergio Massa of the Unión por la Patria party and libertarian candidate Javier Milei of the La Libertad Avanza party. In the Sunday vote, Massa received 37% while Milei...
BTC price nears 2023 highs — 5 things to know in Bitcoin this week
23.10.2023
Bitcoin is back near its year-to-date highs, but BTC price moves belie an underlying lack of support, analysis fears
Economist Peter Schiff Warns of Deep Recession, Inflationary Depression, and Collapse of US Dollar Demand
22.10.2023
Economist Peter Schiff has warned of an inflationary depression, noting that inflation will stay higher for longer, leading to a more severe and prolonged recession. He predicted that the rapidly increasing national debt and federal budget deficits should lead to a collapse in demand for U.S....
Argentina’s Central Bank Kicks off Efforts Toward Digital Peso Bill
20.10.2023
Much has been said about the potential Central Bank Digital Currency (CBDC) of Argentina in recent times following a suggestion by Economic Minister Sergio Massa to utilize the technology for fiscal growth.
The Central Bank of Argentina has revealed plans to push for the implementation of...
Economists Warn Direct Iran-Israel War Could Trigger Global Recession
20.10.2023
Bloomberg’s economists have warned that a direct war between Iran and Israel could trigger a global recession. “Soaring oil prices and plunging risk assets would deal a substantial blow to growth, and take inflation a notch higher,” they said. “The wider the conflict spreads, the more...
Billionaire ‘Bond King’ Jeffrey Gundlach Warns US Dollar’s Reserve Currency Status at Risk Due to Rising National Debt
20.10.2023
Renowned billionaire Jeffrey Gundlach, also known as the “Bond King,” has raised concerns over the potential risk to the U.S. dollar’s reserve currency status due to rising national debt. “The future of the U.S. dollar, and possibly out-of-control inflation, depends...
Fed’s Powell Hints at Continued Elevated Rates; Fedwatch Tool Indicates Near-Certain Hike Next Month
19.10.2023
Federal Reserve Chair Jerome Powell stressed on Thursday the U.S. central bank remains committed to bringing down inflation and will maintain restrictive monetary policy until prices cool. Speaking at the Economic Club of New York, Powell hinted that further interest rate hikes may be appropriate...
Federal Reserve Chair Jerome Powell Talks US Economy and Inflation at Economic Club of New York
19.10.2023
Today, Federal Reserve Chair Jerome Powell addressed critical economic issues facing the United States in a talk at the Economic Club of New York.
During the speech, Powell discussed the state of the U.S. economy, recent monetary policies, and future plans of the Federal Reserve. The topics that...
Bitcoin as an inflation hedge: Analyzing the current scenario
18.10.2023
The current market condition is split in half; there is speculation about interest rates being maintained and the way in which CPI will be managed. The number for the latter has been reported to be 0.3% for September 2023. The Federal Bank, on the other hand, is showing signs of not raising rates...
Nigerian Central Bank Lifts Forex Restrictions on 43 Items — Market Forces to Determine Exchange Rate
15.10.2023
The Nigerian central bank said on Oct. 12 that it had lifted foreign exchange restrictions imposed on the importation of 43 items. The central bank said the restrictions initially imposed in 2015 may have contributed to the weakening of the naira on the parallel foreign exchange market. Unifying...
Bitcoin, Ethereum Technical Analysis: BTC Bulls End a 5-Day Losing Streak
13.10.2023
Bitcoin ended a five-day losing streak on Friday, as the cryptocurrency appears to have found an interim price floor. This comes as traders continued to react to yesterday’s U.S. inflation report, which remained unchanged at 3.7%. Ethereum also edged marginally higher, following its...
Stocks fall, yields rise as inflation data comes in hotter than expected
12.10.2023
The stock market declined on October 12 as the US BLS released new data showing prices rose faster than expected
Ether Drops 1.9% to 7-Month Low as Crypto Buckles Further Following Inflation Data
12.10.2023
ETH dropped to its lowest price since March, while most cryptocurrencies struggled as risk-off sentiment took over markets following a slightly hotter-than-expected inflation report and surging rates
Best Crypto to Buy Now October 12 – Frax Share, GALA, Cronos
12.10.2023
New data released Thursday showed U.S. inflation remained elevated in September, sending Bitcoin and other cryptocurrencies modestly lower.
The Consumer Price Index, which tracks costs for household goods and services, rose 0.4% last month, according to the Bureau of Labor Statistics. While that...
Bitcoin Price Prediction as US Core Inflation Data is Announced – Is a Bullish Reversal Imminent?
12.10.2023
In light of the recent US core inflation data, the crypto community is eagerly discussing the potential trajectory of Bitcoin (BTC/USD) for October 12.
As recent US inflation data outstrips forecasts, the financial realm is abuzz with speculation and predictions.
Particularly in...
US Inflation Rises Beyond Projections: Markets Jittery, Rate Hike in Question
12.10.2023
In September, U.S. inflation surpassed expectations, with the U.S. Bureau of Labor Statistics revealing a 3.7% year-on-year surge in the consumer price index (CPI), as per the latest data. While core inflation slightly decreased from 4.3% to 4.1%, market pundits anticipate that the U.S. Federal...
Bitcoin faces elevated CPI with BTC price tackling $26.8K focal point
12.10.2023
CPI joins macro data coming in higher than predicted — something not conducive to BTC price upside, Bitcoin analysts continue to imply
U.S. September CPI Rises 0.4%, Outpacing Forecasts; Bitcoin Slips Further
12.10.2023
The latest read on U.S. inflation