Tuesday, October 15, 2024
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Bitcoin bounces at $36.2K lows as CPI inflation slows beyond forecasts

Bitcoin (BTC) targeted $37,000 at the Nov. 14 Wall Street open as the latest United States inflation data undercut expectations.BTC/USD 1-hour chart. Source: TradingViewCPI offers Bitcoin, stocks a pleasant surpriseData from Cointelegraph Markets Pro and TradingView showed BTC price strength returning as the Consumer Price Index (CPI) reflected slowing inflation

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Business Activity Growth Slows in Europe as Economy Suffers from High Interest Rates

There is a recorded plunge in business activity as Europe reels from rising inflation and a consistent increase in interest rates. Business activity in Europe is waning as the region suffers slow economic growth. Recent data shows that the euro zone’s flash composite Purchasing Managers’ Index (PMI) fell from 52.8 in

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European Central Bank (ECB) Will Soon End Its Interest Rate Hiking Cycle as Inflation Slows

As inflation slows, the European Central Bank (ECB) may halt future rate hikes, with the upcoming staff projections and rate decision playing a crucial role in determining the bank’s approach. Central banks across the world have been hiking interest rates in order to tame the soaring inflation. However, as inflation shows

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Crypto markets ‘lackadaisical’ as institutional buying slows — Novogratz

Galaxy Digital CEO Mike Novogratz has described the broader crypto market as being “lackadaisical” — or lacking enthusiasm — due mainly to a shying away of institutional investors from cryptocurrencies.In a June 1 interview with CNBC, Novogratz said that while the relatively small retail buyers add some stability to the

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Bitcoin Stays Stagnant with Strengthened DXY Negative Correlation as US GDP Slows

The US Commerce Department’s recent shows that economic growth and GDP have slowed even as Bitcoin struggles to regain $30,000. The price of Bitcoin (BTC) has remained relatively stagnant for about a week as the US gross domestic product (GDP) is slowing. Currently trading at $28,870 according to CoinMarketCap data, BTC

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Backlog of withdrawal requests slows down Celsius custody program

Celsius customers participating in the company’s custody program can now withdraw their funds. However, some users are experiencing delays in processing their requests due to a backlog of pending withdrawals.  After a crypto lending company Celsius froze withdrawals before filing for bankruptcy, some customers now report that they can finally withdraw

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Starbucks Sees Revenue Miss in Q1 2023 as China Outfit Slows Growth

The company is planning to capitalize on its most active market, the United States.American multinational chain of coffeehouses and roastery reserves, Starbucks Corporation (NASDAQ: SBUX) has released its fourth quarter 2022 performance report as revenue slightly misses analyst’s expectations The company said its revenue came in at $8.71 billion, a

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