U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate. Inflation in the US Remains High, Causing Uncertainty in Markets Inflation in the United States exceeded expectations among analysts…
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According to CoinMarketCap’s data, Decentraland’s native token, MANA, has gained 17.59% in the last 24 hours, following the stellar performance of metaverse tokens since the start of the new year. MANA is one of the top 100 cryptocurrencies and has grown by 95% in the last month. In addition, it has been in the green…
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Bitcoin price hit a year-to-date high near $19,000 as pro traders used leverage to propel the pump, but derivatives data hints at reasons for BTC price to retest $17,300. Bitcoin (BTC) price has gained 15% in the past 13 days, and during this timeframe, traders’ bearish bets in BTC futures were liquidated in excess of…
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The crypto rally that greeted the new year has definitely brought gains to the world of altcoins. According to CoinMarketCap data, most huge gains were made by altcoins in the past 30 days. AVAX, native token of the Avalanche blockchain, is one of them with gains of up to 32% in the seven days. The…
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Bitcoin, crypto and risk asset traders await dovish signals from Fed Chair Jerome Powell ahead of fresh CPI data later in the week. Bitcoin (BTC) stayed above $17,000 on Jan. 10 as risk assets awaited fresh cues on policy from the United States Federal Reserve. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Powell to kick…
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Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy…
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Bets are increasing on a push higher for Bitcoin and on BTC price action defining the current range as its macro bottom. Bitcoin (BTC) traded nearer $17,000 on Jan. 7 after the end of the year’s first trading week delivered a spike higher. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView All eyes on CPI Data…
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This month, gold has outperformed bitcoin after crypto markets shuddered from the recent FTX collapse, and the precious yellow metal climbed 6.12% since the first of November. The U.S. housing market has shown weaknesses and October’s U.S. inflation rate was lower than expected. Analysts believe these economic trends contributed to pushing gold’s price up by…
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On November 11, major cryptocurrencies were trading in the green early as the global crypto market cap gained over 7.5% in the previous day to $869 billion. Over the last 24 hours, however, overall crypto market volume fell over 23% to $144.29 billion. … Read More: Bitcoin Price and Ethereum Rebound, FTX Pumps 40% Read more…
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Under the $19,350 resistance level, Bitcoin price prediction remains bearish; however, $15,850 is acting as a major support and may underpin BTC. After the release of October’s CPI figures, Bitcoin experienced a sudden 10% jump. The unexpectedly low CPI reading sent the price of risky assets like cryptocurrency soaring…. Read More: Bitcoin Price Prediction –…
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