As the U.S. dollar strengthens, Bitcoin’s price has declined leading up to its April 20 halving and the Fed’s expected rate cut pause in May.
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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Many analysts are looking at how the cryptocurrency’s inflation rate will compare to gold’s after the halving, expected on April 19.
1963The 2022–2023 period saw several bad actors wiped from the cryptocurrency industry, none bigger than FTX’s Sam Bankman-Fried.
6667The crypto market is down today due to heightened risk aversion, led by the latest Iran-Israel conflict, which has already caused about $2.5 billion in liquidations.
12884Reduced leverage use in Bitcoin futures greatly reduces the odds of cascading liquidations in the case of a BTC price pullback.
9916Nigeria's currency is collapsing because of financial mismanagement. Now, two Binance employees have been entangled in the government's search for scapegoats.
1313The GBTC outflows on April 10 were approximately 15 times less than the average daily GBTC outflows recorded over the past four months.
6499Grayscale says recent inflation data could be a short-term negative for crypto, but persistent inflation will ultimately foster a supportive environment for crypto.
6424Bitcoin price fell to an intra-day low at $67,500 after the U.S. CPI print showed inflation making a resurgence.
1713Bitcoin faces some familiar whale games into the U.S. economic reports as BTC price fails to find support above $70,000.
10532Bitcoin’s rally is likely influenced by persistent inflation, student debt forgiveness policies, and global trade restrictions.
15897BTC price gains before the Wall Street open as CPI week appears to set the tone for the incoming Bitcoin halving.
12991The crypto market is up today as investors view spot Bitcoin ETF inflows and the upcoming BTC halving as positive catalysts for bullish market momentum.
1334Bitcoin 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.
9867The International Monetary Fund also recommended Pakistan introduce stricter laws on collecting capital gains from real estate title transfers.
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