Bitcoin experienced an increase of almost 2% earlier today as fears of an ongoing banking crisis swept the markets. This pushed the digital asset to hit its highest level in nine months at $28,569 before declining to the current level of $27,803, with a loss of 0.89% so far today…. Read More: Best Crypto to…
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Cryptocurrency markets have taken a knock, with total market capitalization down over $30 billion or 3.0% on Friday in wake of a hotter-than-expected US Core PCE inflation report that raises the risk the US Federal Reserve lifts interest rates to higher levels for longer. MoM and YoY price pressures both unexpectedly rose in January, according…
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Cryptocurrency markets are stabilizing on Thursday, with Bitcoin near $24,000 and Ethereum in the upper $1,600s, as investors weigh this yesterday’s Fed meeting minutes, which unsurprisingly pointed to more rate hikes ahead, and Thursday’s mixed US economic data releases. US GDP growth in Q4 was revised lower from the prior estimate on consumer weakness, while…
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January has been a kind month to the crypto market, with Bitcoin and Ethereum seeing substantial gains while many altcoins continue to bounce hard from 2022 lows. Bitcoin recently rose to a January peak of $23,501 before rebounding slightly to its present value at $23,180 as of writing. This represents an increase of 0.53% on…
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