While many analysts predict that the hiked interest rate by the Feds would lead to a positive movement in the price performance of Bitcoin, a leading billionaire investor, however, disagrees with this notion. Bitcoin would continue to trade between $30k to $50k Michael Novogratz, the CEO of Galaxy Digital Holdings Ltd., in a recent interview,…
Did an institution just invest $1.17 billion in bitcoin (BTC)? It sure looks so judging by three crypto transactions moving massive amounts of BTC from a wallet held by Coinbase Pro, to an anonymous bitcoin wallet. The three transactions were detected by the popular crypto tracking service Whale Alert and announced in a series of…
If nothing extraordinary happens, the Federal Reserve will raise interest rates and implement “quantitative tightening”, that is to withdraw liquidity from the market, in its fight against the high inflation rate. The question is if Fed’s measures will be enough to push back inflation to normal levels? According to a blogpost from analysts Bitmex Research,…
The U.S. inflation rate year-over-year, or the Consumer Price Index for All Urban Consumers (CPI-U) to be precise, increased 0.6% in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 7.5% before seasonal adjustment. U.S. inflation over the past 5…
Driven in most parts by a response to the coronavirus pandemic, U.S. national debt has surged more rapidly than projected in recent years. As of Monday, the total public debt outstanding reached $30,012,386,059,238.29, an increase of nearly $7 trillion since January 2020, an amount equivalent to 13.3% of the total global debt. Since January 2020…
Bitcoin has so far been very sensitive to any decisions coming from the Federal Reserve, experiencing massive sell-offs in an aggressive reaction to inflation. This has prompted many to worry about how Bitcoin will perform in a rate-rising environment, given the fact that the Federal Reserve is considering 4 interest rate hikes in 2022. While…
This year has been nothing short of a blood bath for bitcoin. The market has not seen a bitcoin (BTC) price this low since July last year. Corrections in 2017, and early 2021 were much shallower – between 20 and 40 percent, whilst July 2021 reached a drawdown of about 54 percent, according to fresh…
Inflation is on the rise in many parts of the world. On Wednesday, The U.S. Federal Reserve reported a CPI inflation of 7.0% for December. Following this trend, the inflation rate of the Swedish krona SEK rose to 4.1% in December, a strong increase from November’s inflation rate of 3.6%. These levels of inflation have…
The volatility of the Turkish lira is pushing Turks to adopt cryptocurrencies as both a means of payment and a store of value. The country’s national currency has lost 40% of its value against the dollar since September 2021, leading many to turn to Bitcoin and Tether as alternatives. Turks ditch the lira, trading gold…
“Miners don’t care,” says Ethereum dev as proposal to increase ETH scalability floats A tweet by Bitfly, the parent firm of Ethereum mining pool Ethermine, stirred up debate over the weekend after the firm revealed miners are voting to increase GAS limit from 10,000,000 to 12,500,000 each block. 2 min read →