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CPI report may show uptick in US inflation — How will Bitcoin price react?
8.8.2023
Bitcoin price remains range bound as equities, gold and US Treasuries offer competitive rates with reduced risk. This week’s CPI report could shake things up
U.S. DOJ Has 'Extremely Thin' Basis for Jailing FTX's Bankman-Fried Ahead of Trial: Defense
2.8.2023
Attorneys for Sam Bankman-Fried pushed back against the U.S. Department of Justice's motion to remand the FTX founder in a court filing Tuesday
ECB Tightens Grip With 12th Consecutive Rate Hike; Lagarde Asserts ‘No Cuts’ Amid Lingering Inflation Concerns
27.7.2023
The European Central Bank (ECB) has raised the benchmark bank rates by 25 basis points (bps) citing that inflation was down but still remained “too high for too long.” When ECB president Christine Lagarde was pressed about cutting rates by reporters, Lagard insisted the central bank was “not going...
Bitcoin, Ethereum Technical Analysis: BTC Closes in on $30,000 as Markets React to Latest Fed Decision
27.7.2023
Bitcoin edged closer to the $30,000 level on Thursday, as markets reacted to the Federal Reserve’s decision to hike interest rates. The Fed increased rates by 25 basis points, and have hinted that they could make an additional move in September. Ethereum neared the $1,900 level today....
Bitcoin Price Prediction: BTC Dips Nearly 3% in Response to Federal Reserve's 25 Basis Point Rate Hike
27.7.2023
Bitcoin's current trading price is 29,464, indicating a slight 0.50% increase on Thursday.
However, the cryptocurrency faced a notable dip of nearly 3% in the last seven days in response to the Federal Reserve's decision to raise the federal funds rate by 25 basis points.
Despite the economy...
Federal Reserve Raises Federal Funds Rate by 25bps Amidst Moderate Economic Growth
26.7.2023
In the latest Federal Open Market Committee (FOMC) report, it was stated that the U.S. economy has been experiencing moderate growth and members of the committee have decided to raise the federal funds rate by 25 basis points (bps) in order to keep a handle on inflation. Fed Raises Benchmark Bank...
Federal Reserve Hikes Fed Funds Rate by 25 Basis Points
26.7.2023
The move was fully anticipated by market participants who will now look to Chairman Jerome Powell’s imminent post-meeting press conference for clues about whether the central bank intends to continue tightening monetary policy
Bitcoin, Ethereum Technical Analysis: BTC Consolidates, as Markets Prepare for 25-Basis-Point Fed Rate Hike
26.7.2023
Bitcoin consolidated marginally above the $29,000 level on Wednesday, ahead of today’s Federal Open Market Committee (FOMC) meeting. It is widely expected that the Fed will increase rates by 25 basis points, after holding off on hiking last month. Ethereum also remained mostly unchanged....
End of Fed’s Tightening Cycle: Bernanke, Majority of Polled Economists See Terminal Rate Hike Ahead
23.7.2023
With just a four-day window to go, the U.S. Federal Reserve appears primed to raise the federal funds rate by 25-basis-points (bps) at the forthcoming Federal Open Market Committee (FOMC) meeting scheduled for Wednesday. The market presently maintains the conviction that this quarter-point uptick...
Bitcoin price falls under $30K as macro and regulatory worries take center stage
17.7.2023
As investor’s euphoria over Bitcoin subsides, regulatory and macroeconomic headwinds resurface to negatively impact BTC price
US Inflation Hits Two-Year Low, Boosting Stocks and Precious Metals
13.7.2023
On Wednesday, July 12, 2023, the U.S. Bureau of Labor Statistics released the Consumer Price Index report for June, showing a 3% increase in inflation, the lowest level since March 2021. The U.S. inflation rate has fallen for 12 consecutive months, with the index rising 0.2% on a monthly basis....
Bitcoin ETF hopium fades as on-chain and futures data reflect traders’ muted activity
11.7.2023
BTC price soared on investors’ ETF hopes, but on-chain and derivatives metrics indicate a limited inflow of new investors
Iran’s President Says De-Dollarization Key to a Fair International System
6.7.2023
Iran’s President Ebrahim Raisi has pushed for de-dollarization, stating that any attempt to “shape a fair international system” requires the removal of the U.S. dollar. “What forms the basis of the Western domination system has been the dominance of the dollar,” the Iranian leader stressed. Iranian...
Bitcoin futures premium hits 18-month high — Time to flip bullish?
4.7.2023
The Bitcoin futures' premium surge is having traders ask whether this is excitement or a return to the average after a multi-month bear market
Veteran Trader Peter Brandt Urges Federal Reserve to Raise Interest Rates Another 100 Basis Points
1.7.2023
Veteran trader Peter Brandt has urged the U.S. Federal Reserve to stay hawkish and increase interest rates another 100 basis points to protect the nation’s wealth. He stressed that there is nothing more destructive to wealth than inflation, emphasizing that the Fed “must keep their feet...
Crypto Exchange OKX Goes Live With ‘Nitro Spreads,’ Allowing One-Click Basis Trading
27.6.2023
Basis traders attempt to earn returns by trading the difference in an asset’s price on two separate markets
Dollar Reliance Shrinks — China’s LNG Deal With Qatar Challenges ‘Frenemy’ Status With US
21.6.2023
This week, China and Qatar strengthened their bond through a significant development on Tuesday. China National Petroleum Corporation (CNPC) and Qatarenergy inked a 27-year deal, outlining China’s commitment to procure liquefied natural gas (LNG) from Qatar on an annual basis. Under...
Anticipation Builds as US Central Bank Eyes Two More Rate Hikes, Targeting 5.6% by Year-End
20.6.2023
After the U.S. central bank refrained from boosting interest rates last week, investors now anticipate two more hikes that may elevate the federal funds rate to 5.6% by the year’s end, climbing 50 basis points (bps) from its present level. CME’s Fedwatch tool indicated on Tuesday that...
3 key Ethereum price metrics point to growing resistance at the $1,750 level
16.6.2023
Ethereum price looks poised for additional downside as low as the $1,560 level
Why Bitcoin’s resistance to retesting the $25K support could be futile
13.6.2023
Bitcoin price continues to explore the lower regions of its trading range, but a drop to $25,000 seems nearly inevitable according to derivatives data