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By Marcus Sotiriou, Market Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). Bitcoin has climbed to $17,800 at time of writing, following softer U.S. CPI released this afternoon.
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Crypto traders were monitoring the U.S. government's monthly inflation report for signs of whether the Federal Reserve's monetary-policy tightening this year is helping to slow the pace of consumer price increases. Source
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Bitcoin is retracing and might be at the end of the short-term bullish momentum; the macroeconomic data might have shifted once again against it. The cryptocurrency saw profits after weeks of trending to the downside, but the rally is losing steam. The number one crypto by market cap is moving sideways
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Maryland woman Zenobia Walker, 65, pled guilty in January to her role in a a scheme in which she received over $300,000 from victims of romance scams and other fraud schemes, deposited the money in her personal bank accounts, exchanged it for cryptocurrency, and passed the crypto on to her
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