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James Lavish, managing partner at Bitcoin Opportunity Fund, said that bitcoin’s pullback late Tuesday indicated that the cryptocurrency “got ahead of itself with short covering after pushing through key $25,000 resistance for traders.” In an email to CryptoX, he added: “That, plus the CPI numbers suggest the hikes are not
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Episode 7 of Cryptox’s Crypto Trading Secrets podcast is now live. This week’s episode features an interview with crypto trader Zoran Kole, who goes by @Captain_Kole1 on Twitter. Kole shared his opinions in response to a number of questions asked by host Benjamin Pirus during the episode’s recording on March
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The price of Bitcoin (BTC) saw a sharp uptick over $26,000 as the U.S. Department of Labor released the latest consumer price index (CPI) data for February 2023.CPI rose 0.4% last month on a seasonally adjusted basis, with the department noting that the all items index denoting inflation increased by 6%
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Bitcoin (BTC) spiked above $26,000 on March 14 as United States Consumer Price Index (CPI) data showed mixed inflation signals.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCPI fuels 9-month BTC price highsData from Cointelegraph Markets Pro and TradingView followed BTC/USD as sudden volatility kicked in on the release of February’s CPI numbers.Inflation
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Bitcoin (BTC) eyed key resistance near $25,000 on March 14 as markets awaited key economic data from the United States.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewHopes CPI will bring Bitcoin "consolidation"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD making monthly highs of $24,917 on Bitstamp overnight.The pair remained buoyant
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“We are closely watching whether this moment creates an opening for other currencies, notably the Euro, to emerge as a linchpin of the digital asset ecosystem,” David Bachelier, Asia-Pacific CEO of Flowdesk said in a note to CryptoX. “Such an outcome would be positive, as it would bolster the role
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“The loss of Silvergate, SVB and Signature is devastating for US-based crypto companies,” Frank wrote. “That said, the crypto market has at least temporarily responded to the bailouts well. In light of the uncertainty surrounding banking in the US, the narrative of Bitcoin as a hedge and safehaven has gained
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Bitcoin (BTC) hit its highest since the start of the month on March 13 as U.S. bank stocks saw the largest mass halt in history.BTC/USD 1-day candle chart (Bitstamp). Source: TradingViewBTC price sees "phenomenal" reboundData from Cointelegraph Markets Pro and TradingView tracked a thoroughly bullish hourly candle for BTC/USD, which reached
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The Fed and the FDIC have assured depositors that they could withdraw money from Silicon Valley Bank thereby instilling some confidence among crypto investors. In the early trading hours on Monday, March 13, the broader cryptocurrency market made a strong comeback surging past $1 trillion levels once again. This surprise
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The panic caused due to USD Coin's (USDC) depeg from the U.S. dollar manifested itself in a wrong order, costing traders $50,000 per Bitcoin (BTC), albeit for several minutes.Bitcoin price sees $50K in "fat finger" error The BTC/USDC pair on Binance flash spiked to $50,000 on March 12 around 7 pm UTC.
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