Bitcoin price clings to $20K as analyst says Fed ‘buried’ soft landing
The U.S. inflation narrative shifts away from ease-of-control in what could further pressure risk asset performance. Bitcoin (BTC) fluctuated around the key $20,000 mark into Aug. 31 as the outlook on United States inflation darkened.Data from Cointelegraph Markets Pro and TradingView showed BTC/USD again dipping below last halving cycle’s top overnight, only to regain lost ground to circle $20,300 on the day.The rangebound moves accompanied modest recoveries for U.S. stocks, with the S&P 500 and Nasdaq Composite Index up 0.15% and 0.6% within the first hour’s trading,....
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More pain for both crypto and stocks on May 6 as traders see no hint of a relief rally coming so far. Bitcoin (BTC) fell further on the May 6 Wall Street open amid a warning that the U.S. equities sell-off was "not over."BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewNovogratz: "We are not going to get a soft landing"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $35,268 on Bitstamp, bringing three-day losses alone to 11.9%.U.S. stocks, which had a seen a bloody May 5, were in no mood for a relief rally as the S&P 500 and Nasdaq 100 fell another 1%....
Jerome Powell is lengthening economic pain by refusing to raise interest rates at the necessary pace. It’s time to rip off the band-aid. Can we all agree that the Federal Reserve has a plan to combat runaway inflation? They do. Chair Jerome Powell has all but admitted it. After tempering his comments before previous rate hikes, allowing wiggle room which gave way to market rebounds, Powell has left no bones about this one. It is necessary to wreak some havoc on the economy and put downward pressure on the labor markets and wage increases to stop the creep of inflation. Whether you buy into....
Crypto analyst Hov has released a fresh analysis on the XRP price, highlighting its recent movements amid ongoing market volatility. The chart shows trading around $1.41 as of February 19, with a history of sharp declines and recoveries marked by Elliott Wave labels dating back to 2018. This update comes as the altcoin clings to […]
BitMEX will place a bitcoin wallet holding 1 BTC on the surface of the moon as part of the first-ever commercial soft landing on its surface.
The Ethereum community has a lot to decide lately as the network has been preparing for an upcoming soft fork expected to start roughly around June 30. According to Etherchain.org pools who have implemented the soft fork are showing consensus for the procedure. With the Ethereum community planning on the next step another revelation from Hacking, Distributed shows the soft fork may be vulnerable to DoSing. Is a Blacklisting Soft Fork a Good Idea? Some Say No. In an editorial written by Tjaden Hess and additional research done by River Keefer, and Emin Gün Sirer the Hacking, Distributed....