The crypto market is up today as U.S. macroeconomic data shows a strong economy and institutional inflows into crypto continue to rise.
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.
Ethereum price is up today as network revenue skyrockets and ETH clears the $2,300 resistance.43401
Bitcoin reaches levels not seen since May 2022 amid an excited market reaction to the latest Fed inflation commentary.15994
The crypto market is down today as regulatory enforcement against the sector reaches a head and short-sellers jockey for the lead in liquidations.370620
Regardless of what changes Javier Milei brings to Argentina’s monetary system, stablecoins are likely to have an unshakable place in the economy, Sebastián Serrano said.15273
Bitcoin’s latest price pullback to $35,000 was driven by softer U.S. inflation, China’s economic challenges and regulatory uncertainties.10468
CPI positively surprises stocks, and Bitcoin catches a bid as inflationary pressures are shown to be declining faster than thought.9892
The group, “Bitcoin Argentina,” previously rejected the idea that regulation was needed in the cryptocurrency industry.11794
New blockchain-based apps like Truflation could be a “healthy development,” given that gauging inflation is more art than science.2180
The Collins dictionary named ‘AI’ word of the year, describing AI-powered language models as “bursting into the public consciousness” and “much talked about” in 2023.10083
A stablecoin issued in Switzerland is not a simple fiat mirror and offers enhanced stability without exposing users to reserve investment risks.19673
The new all-time highs come despite Bitcoin still being down over 50% against its price peak of $69,000 against the U.S. dollar.18957
Bitcoin is back near its year-to-date highs, but BTC price moves belie an underlying lack of support, analysis fears.14831
Analysts recently debated whether or not the Bitcoin halving is still a meaningful catalyst for BTC’s price discovery.10622
Bitcoin price has corrected at each attempt to rally above $28,000. Cointelegraph explains why.12259