Bears lick their paws while Bitcoin price blasts through $46,000
Derivatives data show the market is dominated by longs and that top traders added leverage as BTC price rallied to $46,300. Go to Source Powered by WPeMatico
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Big bullish pattern on US dollar index chart puts Bitcoin at risk of losing $30K
A strengthening dollar could be negative for pretty much every risk asset on board, including Bitcoin, whose value boomed against the dwindling greenback after March 2020. Go to Source Powered by WPeMatico
Bitcoin sell-off continues as BTC nears $31K ahead of Powell’s speech
The latest price declines came after the US inflation rose to a 30-year high in June. Go to Source Powered by WPeMatico
Bitcoin rebounds from $33K-support as US dollar inflation comes back into focus
Bitcoin moved inversely to the dollar at the beginning of this week as traders awaited the June CPI report due Tuesday. Go to Source Powered by WPeMatico
98% of CFOs say their hedge fund will invest in Bitcoin by 2026: Study
The survey results coincide with U.S. inflation climbing to the highest levels since 1992. Go to Source Powered by WPeMatico
Bitcoin boon as US inflation hits 13-year high, wages fall to lowest in 21st century
It’s grim news for economists and a bittersweet advertisement for Bitcoin this week after the latest CPI report. Go to Source Powered by WPeMatico
Coalition of US Senators Press President Biden for a Fourth Round of Stimulus Checks
While Americans are still getting their third stimulus payments, discussions of tacking on a fourth round of direct payments to Joe Biden’s trillion-dollar infrastructure proposal have started trending. Just recently, a coalition led by Senate Finance Chair Ron Wyden and over a dozen Democratic leaders wrote a letter to President Biden asking to get “much-needed … Read more
