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” Bitcoin price continues to fall, but derivatives data hints at a short-term rally to $25K “ It’s possible that many people have already forgotten that Bitcoin’s (BTC) price closed 2022 at $16,529 and the recent rebound and rejection at the $25,000 level could raise concern among certain investors. Bears are pushing back at the…
What recession? Americans are still powering the economy despite high inflation Key economic indicators, such as huge retail sales and historic job gains, are painting the picture of a robust economy that shows few signs of slowing down. But a smaller-than-expected drop in January inflation has some economists worried that the Federal Reserve is going…
” Bitcoin price correction was overdue — Analysts outline why the end of 2023 will be bullish “ Bitcoin (BTC) price and the wider crypto market corrected at the start of this week, giving back a small portion of the gains accrued in January, but it’s safe to say that the more experienced traders expected…
” Crypto market cap jumps $40B as Fed chair Powell hints at ‘disinflation’ “ The total crypto market cap jumped nearly 4% following a speech from United States Federal Reserve Chair Jerome Powell in which he suggested the economy’s disinflationary process has started. “We can now say, I think for the first time, that the…
” Crypto-friendly bank ends loans backed by crypto mining rigs “ The holding company for the crypto-friendly bank, BankProv, has revealed it’s no longer providing loans secured by cryptocurrency mining rigs after writing off $47.9 million in loans primarily secured by them throughout 2022. According to a Jan. 31 filing with the United States Securities…
” Bitcoin aims for $25K as institutional demand increases and economic data soothes investor fears “ Bitcoin (BTC) price broke above $22,500 on Jan. 20 and has since been able to defend that level — accumulating 40.5% gains in the month of January. The move accompanied improvements in the stock market, which also rallied after…
” Data shows pro Bitcoin traders want to feel bullish, but the rally to $23K wasn’t enough “ Bitcoin (BTC) price had a mixed reaction on Jan. 25 after the United States reported a 2.9% gross domestic product growth in the fourth quarter, slightly better than expected. Still, the sum of all goods and services…
” Price analysis 1/25: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, DOT, LTC, AVAX “ Bitcoin (BTC) has been consolidating near $23,000 for the past few days. The next big question troubling investors is whether the rally is over or if Bitcoin resume its recovery. The strong year-to-date rally in Bitcoin has turned several analysts…
“Jerome Powell says Fed should avoid climate change issues” The Federal Reserve’s independence from political influence is central to its ability to battle inflation, but requires it stay out of issues like climate change that are beyond its congressionally established mandate, Fed Chair Jerome Powell said Tuesday. “Restoring price stability when inflation is high can require measures that…
“Larry Summers calls for more US job losses from ‘tropical paradise’” Larry Summers got roasted on social media after he said higher unemployment will be necessary to tame inflation in the US economy during a TV broadcast from what looked like a tropical beach resort. The former Treasury Secretary, now a Harvard University professor as…