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).
BTC Miners Are Selling Moderately. Technicals Point to a Trend Reversal. Top Losers
All markets dropped following the central bank's Jackson Hole economic symposium on Friday, with the Nasdaq down almost 4%, the S&P 500 losing 3%, and Bitcoin falling 6% for the day as well.
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.
Is Soaring US Inflation Rate Hurting Bitcoin's Revival Chances?
Key inflation data in the U.S. for June was just released by the Bureau of Labor Statistics on Wednesday, what kind of consequences to the development of cryptocurrency?
Are Institutional Investments Fueling Correlation Between Crypto and Stock Markets?
With macroeconomic factors like interest rate hikes affecting both stocks and crypto, this begs the question: are institutional investments propelling the correlation between the two markets?
Human Rights Advocates Urge U.S. Lawmakers to Concern Crypto, Saving Crumbling Currencies
A group of human rights advocates have urged U.S. Congress members to be concerned about the role of importance of cryptocurrencies against unstable economies whose local currencies are collapsing.
The ECBs digital euro is on its way. How will it affect crypto?
Governments reject the concept of decentralization, claiming that cryptocurrencies are unreliable, unsafe, and therefore shouldn't be used. Instead, they advocate centralized CBDCs. Those motives are understandable; cryptocurrencies allow citizens of a country to bypass capital controls imposed by their government. The elimination of intermediaries might destabilize existing financial infrastructures, which is why governments are taking these steps.
The BTC-Stock Correlation at Its Peak. When Will It End? The 4 Top Gainers in DeFi
The crypto world is one brimming with possibilities, and it is unlikely to stagnate, however only the strongest projects will survive