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The latest figures from the United States Bureau of labor statistics show that the (Consumer Price Index) CPI hit 7% in December. Bitcoin (BTC) was volatile prior to the announcement, fluctuating over $2,000 from lows of $41,000 to $43,000 on Wednesday morning. Upon release of the figures, the price continued its
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“The Fed sees inflation lasting till mid-2022 and that is probably when they will let the balance sheet decline,” Edward Moya, senior market analyst at The Americas OANDA said. “The path of inflation may drive quicker rate hikes and a sooner start to shrinking the balance sheet, and that could
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Bitcoin traders have been betting for years the largest cryptocurrency by market cap could serve as an effective hedge against inflation. That's why they'll be watching Wednesday as the U.S. Labor Department publishes its Consumer Price Index (CPI) report for December.The widely followed CPI, scheduled for release at 8:30 a.m.
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Bitcoin (BTC) delivered fresh volatility on Jan. 6 as rangebound behavior saw its first shake-up in weeks.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewOpen interest remains highData from Cryptox Markets Pro and TradingView showed BTC/USD dropping overnight to hit $42,000 for the first time since December.Although not the upside breakout that many
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Digital asset mining company Core Scientific mined a total of 1,044 bitcoin in December, taking its total for the year to 5,769.As of the end of the year, Core Scientific held 5,296 BTC (approximately $248 million at current prices), according to an announcement Wednesday.The total of 5,769 BTC in 2021
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The growth of the stablecoin sector within crypto has been one of the most impactful developments of 2021. In particular, stablecoins became integral to the expanding decentralized finance (DeFi) ecosystem as their total value eclipsed $162 billion, according to CoinMarketCap.One project that has seen its token price surge thanks to
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December has turned out to be a red month for bitcoin and other indexes as sell-offs have rocked the crypto space. Bitcoin and altcoins alike have recorded numerous losses tied to investors selling off their holdings and hunkering down for what looks to be the beginning of a drawn-out bear
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The government of El Salvador continues celebrating significant days by buying more Bitcoin (BTC), with president Nayib Bukele announcing a new purchase of 21 BTC on Tu.Worth around $1,036,000 at the time of writing, El Salvador’s latest BTC investment is to celebrate the “last 21st day of the year 21
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In light of the holiday season, and to celebrate a fantastic year for economic freedom enhancing technologies like Bitcoin, Bitcoin Cash, Ethereum, NFTs, DeFi, Play-to-earn games, and more, Cryptox.trade is giving away more than $25,000 in cash prizes between now and the end of the year. $20,000 Raffle For every order of
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Decentralized finance (DeFi) offers one of the most widely applicable use-cases for distributed ledger technology and today it is one of the main avenues for the wider adoption of blockchain technology. Last week, as the wider crypto market corrected and Bitcoin (BTC) dropped by 22%, DeFiChain (DFI) bucked the trend
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