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‘World War III Has Begun,’ Says Gerald Celente; Plus, Long-Term BTC Predictions and Scorching US Inflation — Bitcoin.com News Week in Review

17.7.2022
Trend forecaster Gerald Celente told Bitcoin.com News that “World War III has begun,” weighing in on Covid-19, crypto, the Great Reset, and gold in an exclusive interview. Jordan Belfort, aka the Wolf of Wall Street, talked long-term BTC investing, as scorching inflation in the U.S....

Billionaire Thomas Peterffy Plans to Buy Bitcoin Despite Concerns BTC Could ‘Become Worthless or Outlawed’

17.7.2022
Billionaire Thomas Peterffy, founder of Interactive Brokers, says he plans to buy more bitcoin if the price of the cryptocurrency hits $12K. However, he remains concerned that bitcoin could “become worthless or outlawed.” Thomas Peterffy on the U.S. Economy and Bitcoin Billionaire...

11 Celsius, Bitcoin Forecasters, Hot Inflation, Threatened Three Arrows and 20 Crypto Jokes

16.7.2022
Yet another week passed by. This time, we had Celsius Network enacting Chapter 11 bankruptcy protection and Elon Musk terminating his agreement to buy Twitter as the company vowed to fight back. Meanwhile, a panel said bitcoin could fall to USD 13,676 this year, some survey respondents said BTC...

Bitcoin is now in its longest-ever 'extreme fear' period

15.7.2022
Seventy days of straight "extreme fear" shows no end in sight as Bitcoin price action stays wedged around $20,000

Two Bitcoin price prediction polls, same outcome: $10K BTC is coming

15.7.2022
While a classic technical indicator could be hinting at BTC price falling below $13,000 as well

Bank of America Predicts US Recession This Year as Inflation Hits 40-Year High

15.7.2022
Bank of America has forecasted that the U.S. economy will slide into a recession this year. “A number of forces have coincided to slow economic momentum more rapidly than we previously expected,” the bank’s economists said. US Economy Heading Into a Recession This Year, Says...

Following Terra’s Lehman Moment, What’s Next for the Market?

15.7.2022
Adi Ben-Ari is the Founder and CEO of data security specialist Applied Blockchain. __________ The collapse of TerraUSD and Luna in May, and the associated tailspin in the crypto market, have prompted observers from both within the decentralized finance (DeFi) space and externally to ask the...

Bitcoin derivatives data suggests bears will pin BTC below $21K leading in Friday’s options expiry

14.7.2022
Bitcoin’s failure to break above $22,000 on July 8 opened room for bears to score a $100 million profit in this week’s options expiry

Crypto Traders See Few Tailwinds for Bitcoin Prices Despite Inflation Gauge Alarms

14.7.2022
“It’s the same old devastating and boring accumulation phase,” one trader shared

Crypto Community Unimpressed as ECB President Pushes for Digital Euro with Privacy ‘of the Highest Standard’

14.7.2022
The European Central Bank (ECB) President Christine Lagarde's new blog post again pushes for the creation of a central bank digital currency (CBDC) in Europe. But although it argues that a digital euro would protect the privacy of its users, the crypto community is not impressed. ... Read More:...

Bitcoin, Ethereum Technical Analysis: BTC Briefly Moves Back Above $20,000 During Volatile Day of Trading

14.7.2022
Bitcoin briefly broke back into the $20,000 region on Thursday, following a volatile day of trading. Volatility in crypto markets came as data released showed that inflation in the United States had risen to its highest level in over four decades. ETH also briefly rose above $1,100. Bitcoin BTC...

Polygon rallies 22% on Disney invitation euphoria — will MATIC price gains swell in July?

14.7.2022
MATIC still awaits a decisive breakout after the Disney-led intraday rally, with the profit target sitting about 80% higher than current prices

Bitcoin fights key trendline near $20K as US dollar index hits new 20-year high

14.7.2022
Nothing can keep the U.S. dollar index (DXY) down this year, and concerns over its impact on assets beyond crypto are spreading

First Mover Asia: M&A Bankers See Crisis as Opportunity, With Celsius and Inflation in Focus

14.7.2022
One analyst says "meh" as bitcoin climbs back above $20K, as reports surfaced that the troubled crypto lender Celsius might be teeing up a bankruptcy filing. Mergers & acquisitions bankers are seeing a slew of deals stemming from the current market crisis

Euro Reaches Parity Against the US Dollar, While the USD Index Taps a 20-Year High

13.7.2022
Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union’s member states reached parity against the U.S. dollar for the first time in 20 years. Euro Hits Parity...

The Fed Can't Whip Inflation Alone

13.7.2022
The source of high U.S. inflation is pretty clear, and it doesn't have much to do with the money supply

US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’

13.7.2022
According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists...