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US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision
14.3.2023
The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion...
Biggest Movers: LTC Back Above $80, DOGE Extends Gains Following Inflation Report
14.3.2023
Litecoin rose by as much as 15% in Tuesday’s session, as markets reacted to the latest inflation report from the United States. Figures from the monthly Consumer Price Index showed that inflation has fallen to 6% in February, down from 6.4%. Dogecoin was also higher on the news, extending...
Bitcoin price breaks $26K as US inflation comes in at 6%
14.3.2023
Bitcoin clears $26,000 as U.S. consumer price index rises by 0.4% in Feb. 2023
Bitcoin price sees new 2023 high as CPI sends BTC price above $26K
14.3.2023
Bitcoin sees a major new lift-off thanks to CPI numbers conforming to expectations — reducing the chances of the Fed tightening financial conditions
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
Bitcoin price nears $25K as analysts place bets on CPI impact
14.3.2023
Bitcoin lines up a fresh charge at multi-month resistance, but BTC price action is already facing calls for a comedown triggered by CPI
$920B is the number to watch now that crypto’s trillion dollar total market cap is gone
10.3.2023
The crypto market is taking a walloping, and there are three important reasons why BTC’s $380 billion valuation is a key support for the entire market
First Mover Asia: Bitcoin Hits 3-Week Low, Lingers Near $21.7K Amid Ongoing Inflation Concerns
9.3.2023
ALSO: Shaurya Malwa writes about Conic Finance, whose new tool for capturing high yields from stablecoin swapping service Curve has attracted over $60 million from depositors since its unveiling March 1. But at least one analyst questions whether it can deliver on its promise; bitcoin tumbles...
Fed signals a sharp rate hike in March due to inflation — Here's how Bitcoin traders can prepare
8.3.2023
The U.S. Federal Reserve is set to roll out a fresh interest rate hike on March 22, and options traders could use this risk-averse strategy to generate profits
Bitcoin Climbs Above $22K as Powell Softens Tone on Day 2 of Congressional Testimony
8.3.2023
The Fed chair said no decision has yet been made on the size of the coming March rate hike
It’s not the end of crypto: EU asset manager gives 5 reasons why
8.3.2023
Despite Bitcoin failing as an inflation hedge in 2022 and 2021, its limited supply may still attract more attention if inflation remains above the central banks’ targets
Like Venezuela, Some Retailers in Argentina Are Now Pricing Items in Dollars
8.3.2023
Some retailers in Argentina are already pricing imported items in U.S. dollars, according to reports from local news outlets. The idea behind this would be to keep prices stable and avoid repricing articles each day, a practice that has already been adopted in other Latam countries like Venezuela...
Bitcoin Rebounds Above $22K, Equities Struggle After Fed Chair Powell Says Rates Are ‘Likely to Be Higher’
7.3.2023
Over 70% of traders now see the possibility of a 50-basis point rate hike in the March FOMC meeting. Bitcoin has dropped 1.6% in the past 24 hours but remained in range-bound
Ethereum price action and derivatives data confirm that bears are currently in control
7.3.2023
Investors are unwilling to add long positions as the Shanghai Fork is expected to unlock a significant amount of ETH over a short period
Bitcoin Price Slides to $22K as Powell Warns on Inflation
7.3.2023
The Federal Reserve chairman is in the Senate testifying on the economic situation on Tuesday morning
Crypto Seen as Investment Opportunity in the MENA Region Says Iceberg Capital Executive Chairman
7.3.2023
While interest in digital assets has waned in some parts of the world, in the Middle East and Northern Africa adoption of crypto has been skyrocketing according to Mustafa Kheriba, the executive chairman of the asset management firm Iceberg Capital Limited. According to Kheriba, factors such...
Bitcoin traders eye $19K BTC price bottom, warn of 'hot' February CPI
6.3.2023
It could be a testing few weeks for Bitcoin and risk assets, market commentators say, with Fed Chair Jerome Powell due to kick off the triggers on March 8
BTC price 'in the chop zone' — 5 things to know in Bitcoin this week
6.3.2023
BTC price keeps traders and analysts in the dark as a week of macro triggers dawns, while Bitcoin network fundamentals plan new all-time highs
Gold Bug Schiff Says ‘The Months of Declining Inflation Are in the Review Mirror,’ AI Crypto Assets Surge, and More — Week in Review
5.3.2023
Economist and gold enthusiast Peter Schiff has said that the U.S. Fed may have to fight a “complete economic collapse” and be faced with more to worry about than the current battle against inflation. In other news, artificial intelligence (AI) crypto assets have seen a recent surge,...
Bank of America Expects the Fed to Keep Hiking Rates Until ‘Point of Pain’ for Consumer Demand
5.3.2023
Bank of America has warned that the Federal Reserve will have to keep raising interest rates until it finds “the point of pain for consumer demand.” Expecting a slowdown in consumer demand to “lead to an outright recession,” the bank’s economist cautioned that...