Despite bearish pressure and weak US economic data, Bitcoin's recovering hashrate and new onchain security protocols raise the chance for a surge to $70,000.
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 stayed rangebound within a "downward trajectory" as the Supreme Court concluded that some US trade tariffs were illegal and liable for a refund.
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Fed policymakers said easing may not be warranted until there is a clear indication that the progress of disinflation is firmly back on track.
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Bitcoin bulls enjoyed a relief rally to $69,000 on the back of soft US CPI inflation data amid hopes of BTC price action making a "higher low."
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Whether the Federal Reserve is engaging in quantitative easing is purely semantic, according to Alden, who says all roads lead to debasement.
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The number of traders expecting a rate cut at the March Federal Open Market Committee meeting rose following fears of a hawkish Fed nominee.
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Crypto traders usually view negative funding rates as a buy signal, but this week’s volatile US earnings outcome may cloud its value for ETH investors.
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Bitcoin price correlation with PMI sparked disagreement among analysts after the latter spiked above 50 for the first time since 2022.
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Real-time Truflation data show US price pressures easing, a shift that could reshape expectations for Fed policy and influence cryptocurrency and risk-asset markets.
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Gold is now also outperforming Bitcoin over the last five years, having risen over185%, while Bitcoin is up only 164% over the same period.
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Increasing Ethereum layer-2 activity and a notable bump in network fees may be an early sign that ETH is on the verge of a recovery.
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Crypto exchange Lemon has launched a Bitcoin-backed Visa credit card in Argentina, letting users lock up BTC as collateral to access peso credit lines without selling their coins.
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Bitcoin price action headed to new eight-week highs, diverging from US stock markets after higher-than-expected November Producer Price Index data.
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Bitcoin sought new weekly highs as US CPI numbers came in below expectations and President Donald Trump called for more interest-rate cuts.
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The 21Shares Bitcoin Gold ETP allocates two-thirds to gold and one-third to Bitcoin and trades in pounds sterling and dollars on the London Stock Exchange.
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