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US Consumers Expect Inflation to Continue Rising Sharply According to the Fed’s Latest Survey
10.8.2021
The Federal Reserve Bank of New York published the Survey of Consumer Expectations report on Monday, which shows U.S. consumers are expecting short-term inflation levels to be higher than usual. Meanwhile, the report also shows American consumers’ expectations of long-term inflation have...
Cardano Plummets Sharply After Reaching $2.47
17.5.2021
The Cardano price movement in the past week The price pattern of Cardano’s ADA witnessed an immense surge by almost 816% in 2021 that made the market cap of the smart contract platform soar to $61 billion. It is evident from the way the value of Ether remained more or less the same over the …
Relief to Bitcoin Miners as Difficulty About To Drop Sharply
30.4.2021
Bitcoin (BTC) mining difficulty is about to drop sharply, almost reaching levels seen in January, while at the same time, the coin's price is much higher since the year began - spelling good news for miners.
Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards...
NFT-Related Token Prices Soar Amid Digital Art Mania
19.3.2021
Crypto assets that are linked with non-fungible tokens (NFTs) marketplaces have risen sharply since the mania took off a few months ago. NFTs are selling at prices that many consider ridiculous for intangible artwork. Third-Largest Art Sale by a Living Artist Was Tokenized One piece of art created...
$1.89 billion liquidated: Why did Bitcoin and ETH price correct sharply overnight?
15.2.2021
More than $1.89 billion worth of cryptocurrency futures positions were liquidated in the last 24 hours, as Bitcoin and Ether sharply dropped
Bitcoin Corrects Gains, Ethereum and Altcoins Drop Sharply
15.2.2021
Bitcoin price climbed to yet another new all-time high at USD 49,650 before it started a downside correction. BTC dipped below USD 47,000, but it remained stable above USD 46,000. It is currently (05:00 UTC) recovering higher, but it could face resistance near USD 47,500.
Besides, most major...
Soaring Sell Orders Contrast Sharply with Bitcoin’s Renewed Bull Run
2.2.2021
Alongside the cryptocurrency’s meteoric climb over the back half of 2020 and early 2021, a curious phenomenon has unfolded; heightened profit-taking and conversion to fiat currencies. Data collected by Simplex, a fiat-crypto gateway, underscores this seemingly paradoxical development....
Crypto Crime Fell Sharply to Only 0.3% of All Cryptocurrency Activity in 2020
23.1.2021
A study by blockchain analytics firm Chainalysis finds that cryptocurrency-related crime has fallen significantly. The criminal share of all crypto activity fell to just 0.34% in 2020. This contradicts recent statements by U.S. Treasury Secretary nominee Janet Yellen and ECB President Christine...
Criminal Activity in Crypto Transactions Fell Sharply in 2020, Says Chainalysis
19.1.2021
Partly offsetting the positive trend is an explosion in ransomware attacks, which rose 311% from 2019
Bitcoin and Altcoins Correct Sharply, Crucial Supports Nearby
11.1.2021
After struggling to gain bullish momentum above USD 40,000, there was a downside correction. BTC declined heavily and traded below the USD 38,000 and USD 36,500 support levels. It traded towards the USD 32,500 support and it is currently (05:00 UTC) recovering towards USD 36,500.
Similarly, there...
Why Ethereum price corrected sharply despite today’s Eth2 milestone
1.12.2020
Ether price declined sharply alongside Bitcoin even as the long-awaited Eth2 mainnet launched successfully
Bitcoin Retreats Sharply From USD 18.5K, Altcoins Drop Too
18.11.2020
Bitcoin price extended its rise above the USD 17,500 and USD 18,000 resistance levels. BTC even broke USD 18,200 and traded close to USD 18,500. The price is currently (05:00 UTC) correcting gains, with many supports on the downside, starting with USD 17,650 and USD 17,500.
Besides, there were...
Major Defi Token Prices Plunge, as Money Moves Back Into Bitcoin
2.11.2020
Major decentralized finance (defi) projects fell sharply in October, with token prices tumbling by between 30% and 56%, as money appears to be moving away from the overhyped space and back into bitcoin. According to Coingecko data, Andre Cronje’s Yearn Finance (YFI) fell fastest, crashing...
Bitcoin Is Undervalued, Fair Value Price Should Be $15,000, Says Analyst
25.9.2020
Bloomberg cryptocurrency analyst Mike McGlone says bitcoin is greatly undervalued, suggesting that its fair value price should currently be somewhere around $15,000. The price of bitcoin (BTC) has see-sawed between $10,000 and $12,400 over the last few weeks, often tumbling sharply following what...
South Korean exchange traffic has risen sharply since June — Is this why?
11.9.2020
The boost may come down to the popularity of one specific token
Bitcoin’s Implied Volatility Falls Sharply Ahead of Jerome Powell Speech
27.8.2020
Bitcoin’s options market foresees little price turbulence in the short-term, even as markets await a key speech from the chairman of the Federal Reserve
Bitcoin Hashrate Falls 25% in 3 Days, Miners Unplug as Floods Hit China
18.8.2020
With heavy rainfalls and flooding hitting Southwest China’s Sichuan province, the global computing power dedicated to mining bitcoin (BTC) has now dropped by about a quarter, as some Sichuan-based miners have been forced to unplug from the network.
The bitcoin computing power, usually referred...
Bitcoin Transaction Fees Soar 550% in a Month, BCH, Dash Transactions Much Cheaper
11.8.2020
The cost of sending a transaction over the Bitcoin network rose sharply over the past month, as the price of the top cryptocurrency climbed higher. According to latest data from Bitinfocharts, the average bitcoin (BTC) transaction fee soared by as much as 547% in the month to August 6, rising from...
Federal Reserve’s Expected Inflation Ramp-Up Drives Institutional Investors to Hedge With Bitcoin
10.8.2020
The U.S. Federal Reserve is expected to ramp up inflation by keeping interest rates low. As the U.S. dollar falls sharply and gold’s price soars, institutional investors are moving their money into alternative investments, including bitcoin. Fed Policies Drive Demand for Bitcoin The Federal...
New Balancer Token More Than Doubles in Price as COMP Drops Sharply
24.6.2020
After an impressive rise – and subsequent fall – in price for Compound Finance’s COMP token over the past weekend, a new contender has already arrived to the DeFi land, making a splash on the first day after it started distributing its new token to users.
The new platform in question is Balancer,...