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Global financial markets once again find themselves trending lower on June 10 after the Consumer Price Index (CPI) came in at a blistering 8.6% year-over-year increase, the highest print since 1981. The hotter-than-expected CPI print resulted in a collapse of the $30,000 support and Bitcoin (BTC) price sold off to a
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The miner will have about 82 million shares from 411 million, after consolidation. Source
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18 days ago on March 28, the Crypto Fear and Greed Index tapped the “greed” position, scoring a 60 for the first time in four months. Since that day, bitcoin has lost more than $7,500 in USD value, and hit a low of $39,200 per unit on April 11. The
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Later today, U.S. President Joe Biden will sign a long-anticipated executive order on digital assets. Despite fears that the order may resound a regulatory clampdown on the industry, the language of the document is fairly favorable, the key focus being coordination and consolidation of various agencies’ efforts within a unified
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Bitcoin (BTC) traded near $47,000 on Dec. 4 after a sudden crash confirmed bulls' worst nightmares with 22% daily losses.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewCrypto liquidations pass $2.5 billionData from Cryptox Markets Pro and TradingView showed BTC/USD hitting local lows of $41,960 on Bitstamp — its lowest since Sep. 30.As
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Ethereum started a major decline below $3,500 against the US Dollar. ETH price tested $3,000 and it is now attempting a strong recovery wave. Ethereum started a major decline from well above the $3,800 level. The price is now trading well below $3,600 and the 100 hourly simple moving average. There is a
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Coinbase president and COO, Emilie Choi, has announced that the reserves backing the stablecoin USD Coin (USDC) will be consolidated into cash and U.S. government treasuries.An Aug. 22 blog post from CENTRE Consortium, the entity that was collaboratively established by top U.S. crypto exchange Coinbase and blockchain financial services company
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After the recent rapid rally, the bitcoin (BTC) market is likely to take a breather before continuing its rise toward the end of the year, analysts told CryptoX. “The cryptocurrency may consolidate for a short period before moving higher into Christmas,” said Chris Thomas, head of digital assets at Swissquote
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Bitcoin’s price action over the past couple of weeks has made it incredibly unclear as to whether or not the uptrend it has seen throughout 2020 is more than just a fleeting attempt to rally. Now, BTC’s ongoing bout of sideways trading comes just a couple of months before what one
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