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“# 2 key Bitcoin trading metrics suggest BTC price has bottomed ” Bitcoin (BTC) has been struggling to sustain the $47,500 support since the Dec. 4 crash, a movement that wiped out over $840 million in leveraged long futures contracts. The downside move came after the emergence of the Omicron variant of the Coronavirus and…
“# 3 reasons why Ethereum price can drop below $3K by the end of 2021 ” Ethereum’s native token Ether (ETH) reached an all-time high around $4,867 earlier in November, only to plunge by nearly 20% a month later on rising profit-taking sentiment. And now, as the ETH price holds $4,000 as a key support…
“#Americans hammer Biden over inflation, the economy” A majority of Americans disapprove of how President Biden is handling the economic recovery, inflation, immigration and crime — with his only positive numbers coming from his response to the coronavirus pandemic and his infrastructure plan, according to a poll released Sunday. Sixty-nine percent of Americans give Biden…
“# Crypto market eyes recovery ahead of key US inflation data release ” Growing inflation has become a mounting concern for nations around the world, especially the United States. The U.S. has seen one of the sharpest rises in consumer inflation over the past year. Lawmakers around the globe have claimed that they didn’t see…
“#Prices spike 6.8 percent, most in 39 years” Prices spiked a whopping 6.8 percent in November, compared with the same time last year — the fastest acceleration of inflation the country has seen in 39 years, the feds announced Friday. It’s the highest year-over-year reading of the Labor Department’s Consumer Price Index, which measures a…
“# Volatility, hyperinflation and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods ” Last month, Cointelegraph interviewed Reserve CEO Nevin Freeman and the payment decentralized application’s community manager Yens Michiels about the company’s mission to provide access to stable currencies. More recently, Cointelegraph spoke to a couple of users based out of…
“# Inflation benchmark Frax Price Index to launch on Partisia blockchain ” On Thursday, Frax Finance, a developer of algorithmic stablecoins, announced it would launch the Frax Price Index, or FPI, on the Partisia blockchain. The benchmark would have its stablecoin pegged to it and serve as a competitor to the standard Consumer Price Index,…
“# Academic research claims ETH is a ‘superior’ store of value to Bitcoin ” Australian university researchers have questioned Bitcoin’s reputation as the best store of value network in cryptocurrency, with Ethereum on track “to becoming the world’s first deflationary currency.” A Nov. 18 paper by four Australian researchers discusses how the EIP-1559 upgrade makes…
“# Bitcoin, stocks and commodities correct after Fed chair mentions policy change ” Global financial market took a hit on Nov. 30 after comments from U.S. Federal Reserve Chair Jerome Powell hinted that inflation and the Omicron Covid-19 variant are growing threats and that the bank’s easy money policies could end sooner than anticipated. Prior…
“# Crypto is a hedge for 46% of Russian retail investors, survey states ” Almost half of retail investors in Russia believe that cryptocurrencies like Bitcoin (BTC) are a hedging asset associated with stable income, according to a new survey. Financial publication Investing.com has polled 1,000 Russian retail investors to find out the most requested…