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Binance Open Interest Soars After CPI Data Release as Bitcoin Hits $100K Briefly

The release of the December CPI report triggered notable reactions across financial markets, especially in the cryptocurrency sector. While headline inflation aligned with expectations, core inflation fell below forecasts on…

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Bitcoin Price Shoots Up Above $98.5K Following Release of US December CPI Data

The United States Labor Department announced the highly-anticipated CPI and Core CPI data for December, which actually matched the overall expectations. The prices of riskier assets like cryptocurrency headed straight…

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Bitcoin to Face More Volatility in the Short Term as US Treasury Yields Surge: Bitfinex Alpha

The past few days have seen bitcoin (BTC) briefly trade below the $90,000 range, and analysts say the cryptocurrency faces the risk of more volatility in the short term. Although…

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Bullish Ripple (XRP) Price Predictions, Upcoming Shiba Inu (SHIB) Developments, and More: Bits Recap Jan 14

TL;DR Ripples’s (XRP) price rebounded to $2.53 after recent volatility, with analysts predicting further growth fueled by Donald Trump’s inauguration, SEC leadership changes, and Ripple’s stablecoin launch. Shiba Inu’s TREAT…

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Post-US Election Honeymoon Ends as Macroeconomic Data Drives Markets

Digital asset investment products saw modest inflows of $48 million last week. While nearly $1 billion flowed in during the early part of the week, outflows of $940 million in…

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Bitcoin Mining Difficulty Increases for 8th Consecutive Time: What Does This Mean?

Despite the current state of the crypto market, Bitcoin miners are having an even more difficult time producing blocks and running their operations. Bitcoin mining difficulty hit an all-time high,…

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Bitcoin (BTC) Plunges to $90,600 Amid Declining Whale Activity: What’s Next?

Bitcoin began the week with a significant slump, briefly falling below $90,600 to its lowest figure since November. Over the past day, the cryptocurrency declined by almost 4%, extending its…

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