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Bitcoin Price to Benefit From Record High Open Interest as YTD Volatility Weakens
13.10.2022
After reaching its all-time highest value of almost $67,800 in November 2021, the price of Bitcoin (BTC) has been on the decline ever since.
The pioneering cryptocurrency has halved in value since the start of the year and has demonstrated an overtly bearish trend for much of this period....
BTC price wobbles on US PPI as Bitcoin futures open interest hits peak
12.10.2022
Bitcoin-denominated futures open interest hits 660,000 BTC despite volatility remaining comparatively flat
OpenSea Aims for an Avalanche of NFT Interest
11.10.2022
Avalanche is best known for its DeFi presence, but is making strides to establish itself in the NFT space with the OpenSea Launch
Ark Invest CEO Warns Rate Hikes Could Fuel a ‘Deflationary Bust’ in Open Letter to the Fed
11.10.2022
Following the United Nations Conference on Trade and Development (UNCTAD) report that the U.S. Federal Reserve should stop raising rates, Ark Invest CEO Catherine Wood has published an open letter to the U.S. central bank asking the institution to stop raising interest rates. Wood says that...
Canada’s Tiff Macklem Insists ‘Rate Increases Are Warranted,’ Canadian Columnist Says Central Bank’s Governor ‘Needs to Go’
10.10.2022
Canadians have been dealing with rising inflation and the Bank of Canada raising the benchmark interest rate following more than two years of monetary easing tactics. On Sunday, Canadian central bank governor Tiff Macklem explained that “reasonably good harvests” will contribute...
30-Day NFT Sales Are 88% Lower Than They Were 8 Months Ago, Google Searches Nosedived
9.10.2022
At the end of January 2022, non-fungible token (NFT) sales raked in $4.77 billion and NFT sales have slipped month after month since then. Last month, $549.82 million in NFT sales took place in September which shows monthly NFT sales are more than 88% lower than they were in January. Furthermore...
Bitcoin price finally made a move, and fireworks are sure to follow
7.10.2022
New crypto market trends are starting to emerge now that Bitcoin and equities markets move closer to make-or-break levels, which will determine the markets’ direction
Powell’s Interest-rate Antibiotics Could Succeed, but Not Without Risk
7.10.2022
The Fed's battle against inflation could lead to overcorrection, but the same mechanism that’s reining in the economy is creating headroom for revitalizing it if things do go south
Ethereum open interest hits $7.7B, raising the chance of a short squeeze above $1.5K
6.10.2022
The Ether futures premium remains negative, while options markets are pricing similar risks for bulls and bears
'Violent' Bitcoin breakout due as BTC open interest nears all-time high
6.10.2022
Bitcoin futures open interest is almost higher than ever, but its composition is completely different from last year, analysis reveals
Will bulls take charge now that Bitcoin price trades above a long term trendline resistance?
5.10.2022
Bitcoin bulls celebrated BTC’s push through a long term trendline resistance, but has anything actually changed?
Interest Surges in Bitcoin Speculation, But It Might be Bearish
5.10.2022
A new record has been reached in the trading of a key speculative tool in cryptocurrency markets: the bitcoin perpetual swap
Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion
5.10.2022
A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt...
UN Report Urges Fed to Suspend Interest Rate Hikes, Presses for ‘Public Spending’ Increases
4.10.2022
The United Nations Conference on Trade and Development (UNCTAD) has warned that the U.S. Federal Reserve’s interest rate hikes and the slew of other central banks raising rates, could pose harm to the global economy. UNCTAD calculated that for every Fed basis point rise, the economic output...
Robert Kiyosaki Predicts US Dollar Will Crash by January — Suggests Buying Bitcoin
3.10.2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has predicted that the U.S. dollar will crash by January next year after the Federal Reserve pivots. He named bitcoin as one of the investments to buy as the Fed continues to raise interest rates. Robert Kiyosaki...
What is the economic impact of cryptocurrencies?
1.10.2022
Cryptocurrencies spur financial inclusion, protect against inflation and enhance the global economy despite the recession
Bitcoin price slips under $19K as official data confirms US recession
29.9.2022
Politicians continue to argue about whether the U.S. economy is in recession, even as data highlights two consecutive quarters of negative growth. Meanwhile, BTC holds $19,000, for now
Chainlink and CF Benchmarks to Bolster Onchain Transparency via CF Bitcoin Interest Rate Curve Product
29.9.2022
On Wednesday, the decentralized oracle network platform, Chainlink, announced the launch of a market-wide interest rate product for Web3 protocols and the decentralized finance (defi) economy, called the CF Bitcoin Interest Rate Curve (CF BIRC). Chainlink revealed the new product at Smartcon 2022...
Nigerian Central Bank Hikes Key Interest Rate Just Days After Naira Plunges to New Low
28.9.2022
Following the latest meeting of the monetary policy committee, the Central Bank of Nigeria says it has hiked the monetary policy rate to 15.5%. By increasing the key interest rate by 150 basis points, the central bank hopes to “narrow the negative real interest rate gap and rein...
More Than a Half Dozen US Securities Regulators File Actions Against Crypto Lender Nexo
27.9.2022
Crypto lender Nexo is having issues with state authorities from California, New York, Washington, Kentucky, Vermont, South Carolina, and Maryland. The enforcement actions from multiple state securities regulators detail that Nexo’s Earn Interest Product (EIP) may be in violation...