Bitcoin Dips Under $20K on Blunted Growth Sentiment as Spain Fuels Inflation Concerns
Traders assessed revived concerns of inflation and growth for the coming months. Original Source
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Inflation
Lebanon Inflation Rate Surges to 211%, Economist Steve Hanke Recommends a Currency Board – Economics Bitcoin News
As political leaders in crisis-hit Lebanon bicker over positions in the yet-to-be-formed government, the country’s runaway inflation rate surged to 211% in May 2022, new data has shown. Economist Steve Hanke insists that a currency board is a solution to Lebanon’s currency woes. Black Market in Fuel Driving Inflation The inflation
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What if the Federal Reserve Has Inflation All Wrong?
The dominant U.S. inflation narrative blames pandemic stimulus for rising prices. But what if the money supply isn’t the real problem? Original Source
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Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down – Economics Bitcoin News
Cleveland Federal Reserve Bank president Loretta Mester doesn’t think a recession will take place in the United States but believes it will take two years to get inflation back down to 2%. While speaking during an interview on Sunday, Mester explained that while it will take two years, inflation “will
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First Mover Asia: Bitcoin as Digital Gold and Inflation Hedge. Really? BTC Is Under Water, While the Metal You Can Hold Is Breathing Air; Cryptos Rebound Sunday
A Sunday rally had bitcoin perched back over $20K and ether above $1.1K, but the recent Terra and Celsius debacles have increased investor anxiety about the digital assets' ability to maintain those levels. Source
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Bitcoin Recovers Over $21K as Fed Commits to Slow Inflation; Traders Remain Cautious
Fed Chair Jerome Powell said the agency remained committed to bringing down inflation and hiked interest rates by 75 basis points this week. Original Source
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First Mover Asia: Traders See Bitcoin Falling to 2017 Levels Amid Ongoing Inflation, Economic Concerns; Cryptos Struggle
The largest digital asset by market cap could dip below $20,000 in the near future and is unlikely to rebound until macroeconomic conditions improve. Original Source
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Celsius’ Woes and Rampant Inflation Prompts Extreme Fear – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Analyst at the UK based digital asset broker GlobalBlock The total crypto market cap has dropped below $1 trillion for the first time since January 2021. After
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First Mover Asia: Bitcoin Tumbles Below $27K Amid Ongoing Inflation Concerns
Ether and other major altcoins underperform BTC as investors continue to steer away from riskier assets; is there a case for inflation? Original Source
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Brian Armstrong Says Crypto Can Beat Inflation, What Does The Chart Suggest?
The boss of one of America’s leading centralized crypto exchanges, Coinbase, explained that Bitcoin could become the new global gold standard. He believes that the digital asset can revamp America’s fighting chances against the oncoming challenge from China. Brian Armstrong, the CEO, and Founder of the Coinbase crypto exchange, spoke about
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