Cryptocurrency Analysis and News Portal
Until Bitcoin (BTC) breaks its long-established $25,000–$30,000 trading range, the crypto market is arguably in what some analysts have called a “crab market.” It is likely that a decisive macroeconomic or crypto-specific catalyst will be necessary to break out of it. This failed to occur in the month of September. The
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Bitcoin (BTC) is beating inflation better than the United States dollar, the U.S. Federal Reserve says — but unintentionally.In a blog post first released in June 2022 and since updated, the St. Louis Fed compares buying eggs with BTC compared to dollars — still with surprising results.Bitcoin vs. U.S. dollar:
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A number of crypto-centred public companies released their quarterly earnings report over the past couple of weeks, sharing increased revenue and a jump in profits across the board. The majority of these crypto firms benefited from the rise in prices of the crypto market and a constant decline in bearish
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“Ultimately, we struggle to see a favorable valuation argument for the stock given that the company’s revenue base is tethered to an asset class that has yet to show a sustainable everyday utility value, as well as the significant levels of stock based comp, despite being profitable on an adjusted
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Shortly after a trip to China, Elon Musk has become the richest person in the world as he prepares to step down from his position as Twitter CEO. According to the Bloomberg Billionaire Index updated on Thursday, Tesla (NASDAQ: TSLA) CEO Elon Musk is once again the world’s richest person. The index puts
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Amid lower fossil fuel costs, BP’s profits tanked in comparison to the bumper profits recorded in 2022. On Tuesday, May 2, oil major British Petroleum (BP) reported stronger-than-expected first-quarter (Q1 2023) profits, and rising from the previous quarter i.e. Q4 2022. However, the numbers were down from the exceptional profits
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“Allowing withdrawals, boosted by the recent popularity of liquid staking platforms, will make ETH staking much more accessible to retail investors who were previously unwilling to stake ETH for an undetermined amount of time,” said Chen Zhuling, CEO at staking service RockX, in a note to CryptoX earlier this week. Source
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The unemployment rate fell/rose/held steady to 3.X% .... Source
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As Etsy managed to beat the Street estimates for Q4 2022 revenue, ETSY stock price surged by 6.46% in aftermarket hours. In Q1 2023, Etsy is expecting gross merchandise sales (GMS) anywhere in the range of $2.95 billion to $3.15 billion On Wednesday, February 22, public-listed e-commerce firm Etsy Inc (NASDAQ:
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Alongside, the government reported the unemployment rate fell to 3.4%, below the forecast of 3.6%. Source
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