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” Crypto will become an inflation hedge — just not yet “ In theory, Bitcoin (BTC) should serve as a hedge against inflation. It’s easy to access, its supply is predictable, and central banks cannot arbitrarily manipulate it. However, investors aren’t treating it that way. Instead, the cryptocurrency market is mirroring the stock market. Why…
” Bitcoin price briefly loses $20K on ‘bunch of nothing’ Powell speech “ Bitcoin (BTC) analysts were keen to draw fresh price targets on Aug. 27 after the largest cryptocurrency briefly fell below $20,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Sub-$20,000 BTC price targets stay in place Data from Cointelegraph Markets Pro and TradingView showed…
” US stocks lose $1.25T in a day — more than entire crypto market cap “ Bitcoin (BTC) and altcoins lost big on Aug. 26 after the United States Federal Reserve delivered hawkish remarks on economic policy. Across the board, risk assets took a major hit — U.S. equities shed around $1.25 trillion in a single…
” Hawkish Fed comments and Bitcoin derivatives data point to further BTC downside “ A $750 pump on Aug. 26 took Bitcoin (BTC) from $21,120 to $21,870 in less than two hours. However, the movement was completely erased after comments from U.S. Federal Reserve Chair Jerome Powell reiterated the bank’s commitment to contain inflation by…
” Bitcoin price taps $21.3K ahead of Fed Chair Powell Jackson Hole speech “ Bitcoin (BTC) fell to daily lows on Aug. 26 as market nerves heightened into new macro triggers. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Pre-Fed blues hit BTC markets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $21,332…
” Bitcoin won’t hedge inflation until it hits 1B wallets: Scaramucci “ Skybridge Capital CEO Anthony Scaramucci believes that while Bitcoin continues to be an attractive asset, it has not reached the “wallet bandwidth” that is required for it to be considered an inflation hedge. Speaking on CNBC’s Squawk Box on Aug 22. the global…
“74% of voters say country is on the wrong track, Biden’s job approval stays low: poll” Nearly three-quarters of Americans believe the country is on the wrong track, according to a poll released on Sunday that shows President Biden’s job approval ratings mired in the low 40s as the midterm elections close in. Representative of the…
“Biden’s Inflation Reduction Act will not help the climate” “The Inflation Reduction Act invests $369 billion to take the most aggressive action ever — ever, ever, ever — in confronting the climate crisis and strengthening our energy security,” President Joe Biden said Tuesday at the White House, just before signing the IRA into law. IRA…
” Bitcoin price heads above $23.5K after highest EU inflation in history “ Bitcoin (BTC) shifted higher on Aug. 18 as the latest data confirmed the European Union’s highest ever inflation. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Support and resistance close in on BTC spot price Data from Cointelegraph Markets Pro and TradingView showed…
“How many of us will be targeted by Biden’s gun-wielding IRS?” An audit notice from the IRS is scary. Up to 87,000 more IRS agents in the “Inflation Reduction Act” President Joe Biden signed Tuesday is troubling. And the IRS stockpile of 4,600 guns and 5 million rounds of ammunition is downright unnerving. How many of the new agents…