Explained
Cryptocurrencies spur financial inclusion, protect against inflation and enhance the global economy despite the recession.
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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.
- Market Update
BTC price levels as high as $20,500 could make an appearance on the day, but the outcome will be to the downside, fresh analysis concludes.
15605 - Market Analysis
The 10-year U.S. Treasury yield recently hit its highest level in 12 years, but how might this impact investors’ sentiment toward stocks and cryptocurrencies?
4029 - Market Analysis
Traders expect an uptick in volatility due to the possibility of September’s $2.2 billion options expiry putting pressure on BTC price near a critical support level.
5614 - Market Analysis
Multiple indicators of economic health all point to a severe recession hitting the United States and the global economies soon. What could this mean for crypto investors?
10154 - Market Analysis
The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but could the British pound's weakness be a positive for Bitcoin.
10498 - Opinion
Jerome Powell is lengthening economic pain by refusing to raise interest rates at the necessary pace. It’s time to rip off the Band-Aid.
4947 - Market Analysis
In addition to a 0.75% basis point hike, the Federal Reserve also set its 2022 target interest rate at 4.4%, leading Bitcoin analysts to forecast further downside for BTC.
4856 - Market Analysis
Polls suggest that the Fed is likely to raise rates by 75 basis points as Bitcoin price clings to $19,000.
17200 - News
With the Merge resulting in a “buy the rumor, sell the news event,” Mike McGlone thinks that ETH might drop to “$1,000, or even get a bit lower” given how hawkish the Fed has been.
7763 - Market Analysis
On-chain and technical indicators also hint at more pain for Bitcoin and Ethereum for the remainder of 2022.
9593 - Markets News
The Fed prepares an inflation move that could act as a “sledgehammer” for crypto and risk assets.
21634 - Market Analysis
Bitcoin derivatives data also shows sentiment shifting in favor of a massive crash below $20,000, the current psychological support.
19294 - Analysis
More people are using stablecoins to hedge against inflation, as they offer numerous benefits.
2309 - Market Update
$1.6 trillion in United States stock market losses pressure crypto markets, with BTC price action coming full circle to linger near $20,000.
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