Cryptocurrency Analysis and News Portal
Tony Spilotro I'm Tony Spilotro. Behind the pseudonym, I'm a global remote work leader with a decade of award-winning content experience and excellence. Here, I explore my newfound passions pertaining to privacy, finance, economics, politics, cryptography, property rights, and other libertarian-esque views. I am a Bitcoin evangelist, maximalist, and educator
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Cryptocurrency-exposed stocks rose as Bitcoin and Ethereum advanced following Wednesday's Federal reserve meeting which included a rate hike. Source
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The economy has remained stronger than policymakers expected in July. So hawkish risk is that chairman Powell says the inflation fight is still in early stages, implying a higher terminal or peak rate. Source
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Prices remain soft across the market as traders await Federal Reserve Chair Jerome Powell’s statement on the size of the next interest rate hike. At the moment, the market consensus is a 0.75 bps rate hike and a sliver of analysts are banking on 1%. Stocks also appear en-route to close
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Bitcoin (BTC), Cardano’s ADA, and ether (ETH) rose over 4%, while memecoins dogecoin (DOGE) and shiba inu (SHIB) increased a nominal 2%. Ethereum Classic (ETC) slid 15% as the hype around its revival tapered off, while overall crypto market capitalization added 3.4% after falling yesterday to $930 billion for the
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Digital currency markets, precious metals, and stocks dropped another leg down on Monday following the drop markets saw last Tuesday. Last week’s fall was one of the worst weeks in more than three months as market strategists believe a sizable Fed rate hike is coming this week. Bank of America’s
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Bitcoin (BTC) faces another week of “huge” macro announcements after the lowest weekly close since July.After days of losses following the latest inflation data from the United States, BTC/USD, like altcoins and risk assets more broadly, has failed to recover.The largest cryptocurrency has yet to flip $20,000 to convincing support,
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The S&P 500 and the Nasdaq Composite index suffered their worst weekly performance since June as investors remain concerned that the Federal Reserve will have to continue with its aggressive monetary policy to curb inflation and that could lead to a recession in the United States.Bitcoin (BTC) remains closely correlated
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Even though year-over-year inflation cooled to 8,3% in August from 8.5% in July, core inflation, which is more closely watched because it excludes volatile food and energy prices, rose 0.6% during the month, compared with an 0.3% increase during the month before. Source
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With the swings in the crypto market, Bitcoin has been at different unexpected levels this year. The crypto winter in the year’s
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