The crypto market is up today as investors view spot Bitcoin ETF inflows and the upcoming BTC halving as positive catalysts for bullish market momentum.
Inflation News
Inflation as it relates to money means the devaluation of a payment vehicle amid the rising cost of goods and services. The term usually refers to fiat currencies, which can lose value when a government expands the supply of dollars in an economy. Venezuela saw its currency lose significant value in 2018 during hyperinflation — an exaggerated form of inflation. When it comes to cryptocurrencies, however, inflation works differently. Many assets, such as Bitcoin, have a maximum supply programmed into their code, which can prevent a loss of value due to added supply. Bitcoin does entail some level of inflation, as more coins are released into its circulating supply through a set and predictable mining schedule, but maximum supply sets definite limits on BTC inflation.
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Bitcoin remains in demand among Argentines as the peso continues to lose value against the U.S. dollar, dropping from $0.0049/peso in March 2023 to $0.0012/peso.
9476The entire crypto market tumbled today as Bitcoin price dropped below $63,000 and large-cap altcoins sold off.
10906The International Monetary Fund also recommended Pakistan introduce stricter laws on collecting capital gains from real estate title transfers.
7059Some suggest a waning ETF narrative and economic data from the United States may have sparked the sudden crypto sell-off.
24035SOL’s bullish momentum persists, but its TVL remains much smaller than some of its competitors.
16799BTC price strength wobbles on the release of problematic U.S. inflation data as traders brush off Bitcoin’s moves around all-time highs.
16086Demand for BTC futures soars to $35 billion, but options markets show no signs of excessive optimism.
11350Amid rising national debt levels in the United States, influencers on X say Bitcoin is the only realistic solution to sidestep inflation.
44031Bitcoin bulls reassess cycle dynamics as BTC price finally cracks the key $70,000 line.
19508The new all-time highs marked the first time Bitcoin and gold hit new records simultaneously since the emergence of BTC.
5294Businesses can use digital assets to hedge against inflation through tailored asset management platforms.
6386Bitcoin price might fail to top $70,000 before the April 2024 supply halving, but the longer-term projection looks positive.
26662Bitcoin bulls get no help from the latest U.S. macro data as $52,000 forms sturdy BTC price resistance.
6764BTC price headwinds increase as inflation worries return for the Fed, with Bitcoin dropping nearly 4% versus the day's highs.
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