Market Analysis
Downside risks for BTC price are also heightened due to the recent dollar bounce.
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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 Analysis
Bitcoin bulls ducked for cover as the Federal Reserve started paying interest rate returns on cash deposits via its reverse repurchase program.
11872 - Market Analysis
Analysts anticipate Bitcoin to continue its recovery rally above $40,000 on bets of increasing anti-inflation, but a looming death cross could spoil the upside outlook.
20209 - Markets News
It's grim news for economists and a bittersweet advertisement for Bitcoin this week after the latest CPI report.
15681 - Markets News
Economists expect the annual Consumer Price Index (CPI) to climb to 4.7%.
20836 - Sponsored
A young yield farming platform uses an aggressive token-burning strategy to beat DeFi’s inflation problem.
11177 - News
Miami Mayor Francis Suarez says he owns both Bitcoin and Ether but has been too busy to buy the recent dip.
13820 - News
Former congressman Ron Paul believes Bitcoin should be regulated and taxed the same as money.
13132 - News
Jeff Currie, the global head of commodities research at Goldman Sachs, described Bitcoin as a “risk-on” asset that is similar to copper as a hedge against inflation.
12593 - Analysis
Institutional investors know crypto assets are volatile: “They’re making a generational bet and are not deterred by a few weeks of volatility.”
27886 - News
Billionaire Carl Icahn may invest up to $1.5 billion into crypto, noting that “much of the cryptocurrency issued today will not survive.”
32103 - Analysis
Firms with iconoclastic leaders, like Musk and Dorsey, “would be the most likely to take the plunge” and commit sizable cash balances to crypto.
71714 - Markets News
Mercado Libre’s move to accept cryptocurrency payments for real estate could usher in a new way of crypto mass adoption in South America.
22206 - News
Bitcoin is likely a topic of conversation among the treasury department of many U.S. companies amid rising inflation.
20994 - News
Bitcoin is approaching all-time highs versus gold. The digital currency broke above $59,000 on Tuesday while gold languished below $1,700.
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