Cryptocurrencies spur financial inclusion, protect against inflation and enhance the global economy despite the recession.
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 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
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
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
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
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
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
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
Polls suggest that the Fed is likely to raise rates by 75 basis points as Bitcoin price clings to $19,000.17200
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
On-chain and technical indicators also hint at more pain for Bitcoin and Ethereum for the remainder of 2022.9593
The Fed prepares an inflation move that could act as a “sledgehammer” for crypto and risk assets.21634
Bitcoin derivatives data also shows sentiment shifting in favor of a massive crash below $20,000, the current psychological support.19294
More people are using stablecoins to hedge against inflation, as they offer numerous benefits.2309
$1.6 trillion in United States stock market losses pressure crypto markets, with BTC price action coming full circle to linger near $20,000.4989