First Mover Americas: Bitcoin Jumps After Core CPI for July Comes In Lower Than Expected
The latest price moves in bitcoin (BTC) and crypto markets in context for August 10, 2022. Source
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July
US Inflation Slowed to 8.5% in July, CPI Report Shows; Bitcoin Jumps
"The Fed will be cheered by the news, especially the fact that core inflation was also lower than expected," said Richard Carter, head of fixed-interest research at Quilter Cheviot, a U.K.-based investment management firm. "They will still need to hike rates at their next meeting in September, but this reduces
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Inflation Probably Slowed in July, but Not by Enough to Trigger Crypto Bull Run
The monthly inflation readings have gained prominence this year, because they influence Fed policy and the demand for the dollar, often a countervailing factor in the price of bitcoin. The dollar index, which tracks the greenback’s value against major currencies, has rallied by 11% this year, as the Fed embarked
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The Ethereum Merge is Main Contributor to July Rebound: JPMorgan
After the completion of two testnets ahead of the event – now expected the week of Sept. 19 – that will take the Ethereum blockchain from a proof-of-work to a proof-of-stake consensus mechanism, ether jumped 70% in July, currently trading at about $1,780. As comparison, Bitcoin rose 27% in July,
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Hodler’s Digest, July 31-Aug 6
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cryptox in one link.Top Stories This Week Crypto fundraising hits $30.3B in H1, outpacing
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Amid miner capitulation, Hut 8 maintained BTC ‘HODL strategy’ in July
Canadian Bitcoin (BTC) miner Hut 8 Mining Corp. added to its massive BTC reserves in July, as the firm maintained its long-term “HODL strategy” in the face of market volatility.The Alberta-based company generated 330 Bitcoin in July at an average production rate of 10.61 BTC per day, bringing its total
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Core Scientific Sold More Bitcoin in July Than It Mined
The miner still holds 1,205 bitcoins and expects to continue to sell its mined coins to pay for expenses. Source
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Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts
Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid.In a Friday announcement, Core Scientific said its month-over-month Bitcoin production had increased from 1,106 in June to 1,221 in July —
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US Adds 528K Jobs in July, More Than Doubling Estimates
US Adds 528K Jobs in July, More Than Doubling Estimates Original Source
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Crypto Miner Argo Blockchain Faced Equipment Challenges, Higher Costs in July
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