BTC is more than 50% down from its $69,000 all-time high and traders seem to have no clue about the digital asset’s next direction.
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.
BTC price took an unexpected bearish turn in January, but are there any catalysts that could support a run to $100,000 in 2022?19740
The U.S. consumer price index reached a 40-year high in December, capping off a year of aggressive price increases.3223
The United States Consumer Price Index data shows that inflation hit 7% in December 2021, climbing 0.5% month over month. The price of Bitcoin reached nearly $44,000 upon the news.10201
Can 2022 still turn out to be a bull year? Not many believe so, but short-term volatility should pass nonetheless, analysts say this week.41412
The warning appears against the Fed’s intention to tighten its asset-purchasing program rapidly, followed by three rate hikes in 2022.37374
Ether lost roughly 13.50% versus Bitcoin’s 9% decline in the past 24 hours.78174
Newly minted Bitcoin supporter Ray Dalio agrees that Bitcoin should make up a small percentage of investors’ portfolios in 2022.11967
A mix of technical, macroeconomic and on-chain indicators point toward a price rally in the Ethereum market this quarter.23632
Gold disappointed investors in 2021 as a traditional hedge against inflation, seeing its worst year since 2015.8846
But concerns remain that the cryptocurrency could fall harder than its traditional rivals in 2022 on the U.S. Federal Reserve’s increasingly hawkish tones.9415
As inflation spikes from 2% to nearly 5% this year, the population turns to solutions in decentralized finance.3385
Bitcoin regained its bullish bias after reclaiming $50,000 ahead of the yearly close, even its safe-haven rival, the U.S dollar, signaled continued upside strength in the coming sessions.4240
Once implemented, the crypto law will implement a new economic model that can potentially help recover the lira's falling value.20027
The bearish crossover between Bitcoin's 20-day and 200-day exponential moving averages hints at a drop toward the $40,000–$42,000 area.81357