Germany’s Inflation Hits Double Digits for the First Time Since WWII, Parliam...
Following the Covid-19 pandemic, the massive amount of stimulus, and amid the Ukraine-Russia war, Germany’s inflation has soared. Official data from Germany’s consumer price index (CPI) indicates that inflation jumped to a 10.9% annual pace in September and it’s the first time since the end of World War II that Germany has dealt with double-digit inflation. German Inflation Skyrockets Tapping Double-Digits in September All across the world, inflation rates have risen a great deal. Many economists believe that the energy crisis in Europe that is tied to the....
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The British Bitcoin community wades in on the latest inflation print, which once again hit the double digits in the United Kingdom. Prices in the United Kingdom continue to rise, hitting another 40-year high of 10.1%. According to figures from the U.K’s Office for National Statistics, the Consumer Prices Index (CPI) rose by 10.1% in the 12 months to September 2022, up from 9.9% in August. The 10.1% figure mirrors July’s recent high.The Bank of England is 8% off the inflation target, while interest rates are 2.25%. Source: Bankofengland.co.ukAccording to ONS data, “Rising food prices made....
FTM was down by as much as 12% to start the weekend, as crypto markets were once again under a red wave. ATOM was also victim to this wave, falling to its lowest level since last August during Saturday’s session. Fantom (FTM) Fantom (FTM) was down by double digits on Saturday, as bearish pressure continued to send prices deep into multi-month lows. Saturday saw FTM/USD fall for a third consecutive session, as prices hit an intraday low of $0.786 earlier today. Today’s low is the lowest point prices have reached since last September, and comes following a bearish start to the....
The Fed gets some serious heat as CPI numbers show just how quickly prices are rising for U.S. consumers. Bitcoin (BTC) saw a brief boost on April 12 after the United States saw its highest Consumer Price Index (CPI) data since 1981.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst: Inflation echoes "mythical stories"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD spiking $400 instantly as the data was released.The U.S. CPI was up 8.5% year-on-year and rose 1.2% in March, alone, according to the U.S. Bureau of Labor Statistics.The most in over 40 years,....
On July 18, 2021, Bitcoin.com News researched the top five most expensive crypto assets and at that time there were two digital currencies worth five digits in value, two tokens worth four digits in U.S. dollar value, and one valued at three digits. Today, a lot has changed but currently, bitcoin and the token yearn finance are still the only two tokens with five-digit USD price values, and there’s a total of five crypto assets below them trading for four-digit prices. The Top Crypto Assets by Price per Unit in August 2022 Just over a year ago, the crypto economy was worth roughly....
Here I will reveal the top 5 reasons why bitcoins beat dollars, both now, and in the future. For the sake of brevity, I limited this list to the top 5, but may not be limited to these five alone. The dollar certainly has it's own inherent advantages, but it will prove fleeting in nature in the coming years, whereas bitcoin's advantages are built in to the technology, to stand the test of time. Number 1 - Appreciation Beats Inflation. Inflation, here, means that the amount of U. S. dollars, the "Global Reserve Currency," in circulation continues to increase. And it has, consistently, since....