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Ethereum pauses at record high, bitcoin's rally stalls, DOGE MoonsEther (ETH) prices were lower after surging 10% on Wednesday to a new record, climbing past $1,600 for the first time. The recent gains appeared driven by signs of growth on the cryptocurrency’s underlying Ethereum blockchain network, as well as interest from
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Crypto enthusiasts often talk about bitcoin as a hedge against inflation. Why?The argument is that central bank money printing will lead to inflation or the decrease in the value of money over time. Bitcoin, by contrast, has a fixed limit of 21 million coins that can ever be created. This
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U.S. Federal Reserve officials voted Wednesday to keep monetary conditions at historically loose levels while waiting for the economy to heal.Chairman Jerome Powell said he doesn’t want to put a timeline on tapering the U.S. central bank’s $120 billion-a-month in asset purchases.“In terms of tapering it’s just premature,” Powell said.
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Hello. Analysts are reporting gloomy short-term projections for bitcoin as the U.S. Labor Department reports muted inflation over 2020. Here’s the story:Top shelfInstitutional productsA new, physically backed bitcoin exchange-traded product (ETP) has hit the SIX stock exchange in Switzerland. Developed by ETC Group, this is the 34th bitcoin ETP on
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Among the many reasons Bitcoin turned bullish in 2020, was primarily due to the sudden fear of inflation
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The prominent gold and bitcoin macro commenter discusses a new generation of institutional investors.This episode is sponsored by Nexo.io.Dan Tapiero is an investor and entrepreneur with deep experience in gold and bitcoin. In this conversation with NLW he discusses the new group of institutional investors coming into the space and why,
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Queries on Google for Bitcoin reached its highest level alongside its spot price. As of this week, Google Trends,
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Bitcoin’s price has nearly doubled in the past eight weeks, as several major publicly listed companies bought the cryptocurrency to hedge against an inflation-led decline in the value of their cash holdings.Hedging demand for the cryptocurrency may now be set to rise further, with expectations for long-term inflation reaching 19-month
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Ethereum’s inflation rate has come under the microscope heavily over the past year as Bitcoin has undergone its
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Bitcoin’s appeal as an alternative store of value asset is strengthening, according to analysts at Germany-based investment bank Deutsche Bank. “There seems to be an increasing demand to use bitcoin where gold used to be used to hedge dollar risk, inflation, and other things,” Jim Reid, managing director, head of
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