INFLATION
ARK Invest CEO: Crypto Assets Will See Huge Turn
ARK Invest CEO Cathie Wood predicts 2% inflation. Due to diminishing money supply, Wood expects inflation to go below this level and potentially into negative territory. The business recently sold its Grayscale Bitcoin Trust (GBTC) shares and bought 320,000 Coinbase shares for $17.6 million.
Bitcoin Braces for Deeper Bear Market as Fed Eyeing Another Big Rate Hike
The Fed has already announced five rate hikes this year, but the institution has not yet been able to contain the surging inflation.
Data Shows US Economy Shrinks Amid Recession while Crypto Surges in Bearish Rally
According to the New York Empire State Index, a weakening of the U.S economy is worrying manufacturers. Meanwhile, Bitcoin and other cryptocurrencies are seeing a rally in their movements.
Bitcoin Needs to Continue Standing above $19,200 to Dilute Downward Pressure, Analyst Says
Market analyst Ali Martinez believes the leading cryptocurrency should stand above $19,200 to reduce selling pressure because this is a significant level.
Kevin O’Leary Says ‘No Choice with Crypto’ After as US Inflation Burns Hot
Cryptocurrencies plunged on Thursday amid traders’ sudden realization that inflation isn't slowing as expected. Kevin O’Leary is still optimistic about the future of crypto.
Market Update: US Inflation Data Push Bitcoin Below the $19,000 Support Zone
A steep volatility trailed the September inflation data that was released by the BLS today. Bitcoin last seen trading below $19,000
Bitcoin Price Holds Firm Around $19,000 Amid Institutional Adoption Surge
Institutional adoption appears to be a crucial driver for holding Bitcoin prices steady.
Crowd Sentiment towards Crypto Turns Bearish as Inflation Data Looms
The crypto market has not yet been able to find the right footing based on tightened macroeconomic factors and Russia’s invasion of Ukraine.
Bitcoin Price Falls Below $20,000 Following US Jobs Report
Bitcoin dropped 2% following the release of the job figures reported by the Bureau of Labor Statistics.
Fed’s Interest Rate Hikes Attributed to Primary Catalyst of Crypto Bear Market
The decision by the federal reserve (Fed) to continuously hike interest rates to tame runaway inflation has been detrimental to the crypto market as bears continue to bite.
Interview with Noble Gold Investments CEO: Gold as Hedge Tool against Inflation?
Exclusive: Blockchain.News recently had a conversation with Collin Plume, the President and CEO of Noble Gold Investments, regarding whether gold could be a safe haven investment that investors should rely on during turmoil times.
US Inflation Data Lashing Crypto Market
The market is concerned about the rising inflation, as the United States Bureau of Labor Statistics (BLS) released its Consumer Price Index (CPI) for August, coming in at 8.3% year-on-year (YoY).
US GDP Shrunk by 0.9% in Q2, Implications for the Crypto Industry
The Gross Domestic Product (GDP) in the US shrunk by 0.9% in Q2. Would the crypto space be dragged by inflation or even recession in these financial activities?
Federal Reserve Hikes Interest Rates with a 75-Bp Increase, Bitcoin Remains Bearish
US Federal Reserve has once again raised key interest rates by 75 basis points in an effort to normalize its monetary policies. Crypto markets have reacted following the announcements.
Opinion: How Bitcoin Options Might Help Survival amid the Bear Market?
As inflation is at an all-time high, options contracts could be a good way to hedge some risks to trade an asset in the future at a predetermined price.