Past-Peak Inflation Might Be Misleading as Price Pressures Continue to Mount
As inflation peaks, bitcoin traders should be wary of reading too much into data. Original Source
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Pressures
US Jobs Report Shows Gain of 428,000, Adding to Price Pressures
Friday's Labor Department report showed that employment growth slowed but it's still high enough worry the Federal Reserve about a too tight labor market. Source
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US Jobs Up 678K in February, More Than Expected, Adding to Price Pressures
Bitcoin traders were monitoring the report since the Federal Reserve's efforts to slow inflation appear to be putting downward pressure on the cryptocurrency's prices. Source
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Psychology, Sell Pressures Keep Bitcoin Below $20K
Less than a week ago, bitcoin’s price set a new all-time high at $19,920.53. However, the oldest cryptocurrency is still struggling to break above the $20,000 level. The reason that milestone remains elusive, according to analysts and traders, is simple: There are too many sell orders very near the $20,000 level
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As Ether Price Drop Pressures DeFi, Developers Remain Confident in its Success
Thursday’s market meltdown left MakerDAO (MKR) with a $5 million hole that the project is now scrambling to fill. As this is just the latest in a series of hard blows to decentralized finance (DeFi) projects, some are wondering if the ecosystem can defend itself from collapse.CryptoX contacted a
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