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Biggest Movers: AVAX, ALGO Among Crypto Losers as U.S. Inflation Hits 40-Year High
10.6.2022
AVAX and ALGO both fell by nearly 10% on Friday, following the release of the latest inflation figures in the United States. Data showed that inflation is currently at 8.6%, which is close to a 40-year high. Both AVAX and ALGO moved close to one-week lows on the news. Avalanche (AVAX) AVAX moved...
First Mover Americas: Bitcoin Slips Below $30K as Inflation Hits New Four-Decade High
10.6.2022
The latest moves in crypto markets in context for June and 10, 2022
Bitcoin price falls under $29.5K after 'unexpected' 40-year high US inflation
10.6.2022
The ghost of the highest inflation since 1981 gets traders pricing in three more 0.5% rate hikes by October
Inflation Unexpectedly Reaccelerated to 8.6% in May, Hitting a Fresh Four-Decade High
10.6.2022
Bitcoin continues to trade on both sides of the $30,000 level in the minutes following the report
US Inflation for May Hits 8.6%, Above Analysts’ Expectations
10.6.2022
US inflation hit 8.6% in May, up from 8.3% in April and above analysts’ expectations.
"While almost all major components increased over the month, the largest contributors were the indexes for shelter, airline fares, used cars and trucks, and new vehicles,” the announcement from the US Bureau...
Bitcoin stocks correlation 'feels like' 100% as $30K BTC price frustrates
9.6.2022
Bitcoin simply will not budge from its multi-week range, and morale is suffering as a result
Yellen Downplays Stimulus Contributing to Inflation, Republicans Grill US Treasury Secretary’s Decisions
9.6.2022
U.S. Treasury secretary Janet Yellen doesn’t think inflationary pressures stem from the stimulus policies enacted after the Covid-19 outbreak. While speaking to lawmakers on Wednesday, during the House Ways and Means Committee, Republicans criticized Yellen for not knowing about the risks...
Bitcoin, Ethereum Technical Analysis: ETH, BTC Slightly Lower Ahead of Friday’s US Inflation Report
9.6.2022
BTC was fighting to stay above $30,000 on Thursday, as markets prepare for the release of U.S. inflation data on Friday. Crypto prices mainly consolidated in today’s session, whilst ETH marginally slipped, falling below $1,800. Bitcoin Bitcoin was attempting to stay above $30,000...
Citigroup CEO: Europe More Likely to Head Into Recession Than US
7.6.2022
Citigroup CEO Jane Fraser warns that a recession is more likely in Europe than in the U.S. Nonetheless, she stressed that it is not easy for the U.S. to avoid a recession. Citigroup’s CEO on Global Recession Citigroup CEO Jane Fraser warned about the health of the global economy Friday...
Is Cardano ready for a go at $1? June's hard fork FOMO lifts ADA price to weekly highs
6.6.2022
Cardano's previous hard forks sparked massive ADA price rallies. Will this time be different?
BTC price snaps its longest losing streak in history — 5 things to know in Bitcoin this week
6.6.2022
The longest weekly losing streak in Bitcoin history is finally broken, but the mood among analysts is anything but unanimously bullish
Kim Dotcom Says ‘US Is Beyond Bankrupt,’ Digital Entrepreneur Predicts a ‘Controlled Demolition of Global Markets’
6.6.2022
On June 5, 2022, the entrepreneur and activist known as Kim Dotcom published a post on Twitter and said it “may be the most important thread” he ever makes concerning a major global collapse. In the thread, Dotcom specifically highlights the American economy and he claims...
Goldman Sachs President Warns of ‘Unprecedented’ Economic Shocks and Tougher Times Ahead
5.6.2022
Global investment bank Goldman Sachs’ president and chief operating officer has warned of unprecedented economic shocks and tougher times ahead. His statement echoes JPMorgan CEO Jamie Dimon’s warning that a “hurricane” is coming our way. Goldman Sachs President’s...
5 reasons why Bitcoin could be a better long-term investment than gold
3.6.2022
Crypto advocates often refer to Bitcoin as “digital gold,” but how does BTC stack up against gold as a long-term investment?
Soros Fund’s CEO: Recession Is Inevitable and Crypto Is Here to Stay
2.6.2022
Soros Fund Management’s chief executive and chief investment officer, Dawn Fitzpatrick, says cryptocurrency is here to stay and it’s already gone mainstream. She also believes that a recession is inevitable Soros Fund’s CEO: Crypto Is Here to Stay Dawn Fitzpatrick, chief...
US Treasury Secretary: 'I Was Wrong About Inflation' in 2021
1.6.2022
As America’s inflation rate remains at a level unreported since the 1980s, decreasing the population’s purchasing power, the US Treasury Secretary Janet Yellen has admitted to being wrong about "the path inflation would take."
In reference to 2021 and her actions that year, the Secretary said...
The more you know about Bitcoin, the more optimistic you are: Block survey
1.6.2022
Over 9,500 people around the world were surveyed for Block’s 2022 Bitcoin report which showed that more optimistic individuals possessed a greater self-reported knowledge level of the crypto
EU Regulator Warns Soaring Inflation Could Drive Investors to Crypto — Calls for Unified Regulatory Framework
1.6.2022
Europe’s top securities regulator has warned that soaring inflation could drive investors to cryptocurrencies. Stressing that there is “an imbalance” in how each EU country deals with crypto, the regulator calls for a common regulatory framework across European countries....
Latin American Investors ‘Hoping to Ride Crypto Prices to the Moon’ as Adoption Set to Continue
31.5.2022
A report on the state of crypto in the Latin America region has concluded that adoption is likely to continue apace for the rest of the year – and will find fertile ground for growth in the world of cross-border payments and “crypto credit cards.”
The report was issued by Americas Market...
Report: Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low
31.5.2022
After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected to worsen Lebanon’s economic challenges. Pound Depreciation In a sign that Lebanon’s ongoing economic crisis...