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BTC price focuses on $26K as Bitcoin traders brace for CPI volatility

13.6.2023
Bitcoin has plenty of resistance levels to deal with as CPI begins a major macro week for risk asset markets

FCA Right to Propose Stop to Marketing Crypto as ‘Inflation Resistant,’ UK Industry Members Say

13.6.2023
A long-running industry narrative is that limited-supply cryptocurrencies like bitcoin can hold their value against inflation – similar to gold or bonds

Crypto Catalyst Watch: What Might Move Markets This Week

12.6.2023
The Federal Reserve’s latest rate hike decision and U.S. inflation data are among key upcoming items

The first-world debt crisis means you can expect more pain ahead

12.6.2023
You should be prepared for gradual deterioration in your quality of life — or search for alternative assets that could protect your wealth

Turkey's Economic Woes Push Investors Towards Stablecoin Tether – Here's the Latest

12.6.2023
As Turkey’s economic woes continue to deteriorate with lira spiraling downwards, investors are turning to cryptocurrency as a safe haven. Local demand for Tether, the largest dollar-backed stablecoin, surged in early May ahead of the election and has remained high since, according to a recent...

Turks Turn to Tether Amid Record Inflation, Limited Access to Dollar, Report Reveals

12.6.2023
People in Turkey have been seeking refuge in stablecoins as their national fiat continues to depreciate against the greenback. The Turkish lira saw a record drop in its exchange rate with the U.S. dollar when the country’s central bank halted intervention after the recent presidential vote....

Economist Peter Schiff Says the Fed Destroyed US Banking System — ‘It’s Insolvent’

11.6.2023
Economist Peter Schiff says the U.S. banking system is insolvent. He stressed that the Federal Reserve destroyed the U.S. banking system, citing near-zero interest rates at banks while “the Fed funds rate is 5.25% and the real inflation rate is much higher.” Schiff previously warned...

IMF Urges Fed to Maintain Tightening Policy Amid Inflation Concerns, Citing ‘Challenges’ Ahead

9.6.2023
On Thursday, International Monetary Fund (IMF) spokesperson Julie Kozack urged the U.S. Federal Reserve and several other central banks to maintain a restrictive monetary policy known as tightening. Kozack stated that the U.S. central bank may need to keep the federal funds rate higher “for...

Bank of America Predicts Milds Recession After Fed’s Tightening Action

6.6.2023
Bank of America is predicting a mild recession will happen during the last two quarters of 2023. Brian Moynihan, CEO of Bank of America stated that this recession will be the consequence of the U.S. Federal Reserve tightening actions in order to fight inflation, and how this will increase...

‘$31K was not the end’ — 5 things to know in Bitcoin this week

5.6.2023
Bitcoin analysts are gearing up for a break toward the $30,000 mark, but what will BTC price action offer in the coming days?

Former Bitmex CEO Arthur Hayes Predicts Bitcoin Bull Market as US Economy Worsens

5.6.2023
Arthur Hayes, the former CEO of Bitmex, predicted the coming of a bitcoin bull market in the last two quarters of 2023. In his latest article, Hayes states that for investors, patience is vital, as he explains that the U.S. Federal Reserve will be unable to control inflation as the U.S. debt will...

Economist Larry Summers Urges Fed to Consider Half-Point Rate Increase in July

3.6.2023
Larry Summers, the American economist and former U.S. Treasury Secretary, believes that should the U.S. Federal Reserve refrain from increasing the benchmark interest rate this month, a half-point rate hike may be necessary for July. As per the CME Fedwatch tool, there is a 74% likelihood that...

Bitcoin Lingers Under $27K to Continue Its May Sluggishness Amid Inflation Concerns

1.6.2023
BTC and ether both lost ground in May, the first monthly decline of 2023. LTC and RNDR were among the month’s big gainers

First Mover Asia: Bitcoin Settles Above $27.1K After Early Wednesday Dip as Rate Hike, Inflation Worries Heighten

1.6.2023
ALSO: Large bitcoin holders reduced their holdings and sent assets to exchanges in the days leading up to the debt deal. What's next?

‘Weaponization Project of the Dollar’: Asian Countries Talk De-Dollarization; Jim Rogers Says USD’s Time ‘Coming to an End,’ and More — Week in Review

28.5.2023
The future fate of the U.S. dollar continues to dominate financial news, as investor Jim Rogers says the USD’s time is “coming to an end,” and nine Asian countries have been discussing de-dollarization measures in Iran. In other news, an expert has predicted that the price of gold...

China’s Credit Agency Downgrades US Credit Rating Over Debt-Ceiling Standoff and Looming Default

27.5.2023
China’s oldest credit rating agency, Chengxin International Credit Rating (CCXI), made headlines this week by downgrading the United States’ credit rating. The agency lowered the rating from AAAg to AAg+ and attributed this decision to the escalating political discord, rising inflation...

Bitcoin, Ethereum Technical Analysis: BTC Nears $27,000 as Market Reacts to Latest US Personal Consumption Data

27.5.2023
Bitcoin moved closer to the $27,000 level on Saturday, as markets continued to react to the latest Personal Consumption data from the United States. The key inflation index rose to 4.4% in April, higher than expectations of a drop to 3.9%. Ethereum also edged higher. Bitcoin Bitcoin (BTC) rallied...