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Bitcoin Hits One-Month High Ahead of US Inflation Data
13.12.2022
Bitcoin's dominance rate rose above 41% alongside the price rally, signaling de-risking in the crypto market
Blackrock Warns of Unprecedented Recession for 2023, Bull Markets Not Returning
13.12.2022
Blackrock, one of the largest asset management companies in the world, has warned that 2023 will be a year of recession different from other recessions in the past. As part of its recently issued 2023 Global Outlook report, Blackrock states that a new economic playbook is required in a world...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Lower Ahead of US Inflation Data
12.12.2022
Bitcoin was trading under $17,000 to start the week, as markets prepared for a big week of economic announcements. U.S. inflation figures will be released tomorrow, and are expected to fall to 7.3%. Many believe this will give way to the Federal Reserve pivoting from its aggressive rate hike...
'Biggest week of the year' — 5 things to know in Bitcoin this week
12.12.2022
Bitcoin price action, sideways since FTX, could see snap volatility thanks to the "most important" CPI print of the year
Elon Musk: Recession Will Be Greatly Amplified if the Fed Raises Rates Next Week
11.12.2022
Billionaire Elon Musk, the CEO of Tesla and Spacex, has warned that the recession will be “greatly amplified” if the Federal Reserve raises interest rates again next week. He added that things will “probably start looking better” in the second quarter of 2024. Tesla CEO Elon...
What is stagflation, and how could it impact the cryptocurrency markets?
9.12.2022
What is stagflation, how to fight it with crypto and how are the cryptocurrency markets impacted by high inflation and economic downturn?
First Mover Asia: Bitcoin Falls on Inflation Fears but Continues Its Ride Above $17K
6.12.2022
ALSO: Sam Reynolds writes that Taiwan-based technology conglomerate HTC is looking to take its virtual headset business public as part of a quest to help cultivate the metaverse. But is the company going in the wrong direction?
'Imminent' crash for stocks? 5 things to know in Bitcoin this week
5.12.2022
Bitcoin gets a boost from a declining U.S. dollar, but BTC price action is anything but straight bullish, say analysts
‘Big Short’ Investor Michael Burry Warns of Extended Multi-Year Recession in US
2.12.2022
Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, has warned about “an extended multi-year recession” in the U.S. He believes there isn’t a strategy to pull us out of “this real recession.” Michael Burry’s Recession Warning Famous...
Bitcoin sees worst monthly close in 2 years as traders watch $16.7K
1.12.2022
BTC price action strengthens into the November monthly candle close, but traders are already warning over getting too "cocky" on Bitcoin
Elon Musk Warns of Severe Recession — Urges the Fed to Cut Interest Rates Immediately
1.12.2022
Tesla CEO and Twitter boss Elon Musk has warned of a severe recession in the U.S. The billionaire stressed that the Federal Reserve needs to cut interest rates “immediately,” emphasizing that the Fed is “massively amplifying the probability of a severe recession.” Elon Musk...
Bitcoin, Ethereum Technical Analysis: BTC Moves Above $17,000 on Wednesday
30.11.2022
Bitcoin moved to $17,000 on Wednesday, as markets continued to digest the U.S. consumer confidence report. Confidence amongst consumers fell to its lowest level since July, despite inflation easing in the world’s largest economy. Ethereum remained higher, edging closer to $1,300. Bitcoin...
Blockchain-based fintech company prepares to enter $500B freight settlement market
29.11.2022
Although rare, real-world blockchain utility does exist, now evidenced by one company’s efforts to reduce transactional fees in supply chains
Venezuelan Currency Plunges Almost 40% Against the US Dollar, Analysts Cite Crypto Drought as Part of the Problem
27.11.2022
The Venezuelan fiat currency, the bolivar, has lost almost 40% in its exchange rate against the U.S. dollar in a month. According to reports, the seasonal payments that the government has to make, and the lack of liquidity of the government to intervene in the currency market are part of...
Amazon Founder Jeff Bezos Advises What Consumers and Businesses Should Do as Recession Looms
21.11.2022
Amazon founder and former chief executive Jeff Bezos has given some advice to consumers and small businesses about what they should do given that the U.S. economy is either already in a recession or is headed into one “very soon.” The billionaire said: “The economy does not look...
Nigeria’s Rising Inflation and Foreign Exchange Shortages Fueling Devaluation Speculation — IMF Mission
20.11.2022
According to the International Monetary Fund (IMF)’s mission concluding statement, Nigeria’s rising inflation rate as well as the continuing shortage of foreign currency are fueling the naira devaluation speculations. To achieve a unified naira exchange rate, the global lender said...
Gold Outshined Bitcoin This Month Climbing 6% Higher Amid US Real Estate Slump, Lower CPI Data
19.11.2022
This month, gold has outperformed bitcoin after crypto markets shuddered from the recent FTX collapse, and the precious yellow metal climbed 6.12% since the first of November. The U.S. housing market has shown weaknesses and October’s U.S. inflation rate was lower than expected. Analysts...
Market Wrap: Bitcoin Rises on Encouraging Inflation News
15.11.2022
The largest cryptocurrency hovered near $16.8K. Ether and other altcoins also surge. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Bitcoin price hits $17K on US PPI as trader warns of 'final capitulation'
15.11.2022
Plenty of uncertainty about the future remains for the price of Bitcoin amid fresh signs that U.S. inflation is slowing
Ark Invest CEO Warns Fed’s Actions Could Lead to 1929-Like Great Depression — Elon Musk Agrees
14.11.2022
The CEO of investment management firm Ark Invest has warned that if the Federal Reserve does not pivot, the current economic setup will be similar to 1929 when the Great Depression started. Tesla CEO and Twitter chief Elon Musk agreed. The Fed, Inflation, and the Great Depression Ark Invest...