Why Does Bitcoin Go Crazy Whenever CPI Numbers Are Published?
If you haven’t noticed by now, Bitcoin’s price is going through some serious short-term volatility on the day that the CPI numbers hit. This is not without a good reason.…
Auto Added by WPeMatico
If you haven’t noticed by now, Bitcoin’s price is going through some serious short-term volatility on the day that the CPI numbers hit. This is not without a good reason.…
Strategists at the American multinational investment bank JP Morgan Chase & Co recently revealed that bitcoin’s cost of production has dropped by nearly 50% over the last month. BTC Production…
Bitcoin’s price went through major turmoil yesterday as the numbers for the Consumer Price Index in the US got released. The cryptocurrency increased above $20,000 initially and then plunged below…
ARK Investment Management – a company spearheaded by fund manager Cathie Wood – will reportedly have to wait longer than expected to hear the US SEC’s decision on whether it…
There are no signs of strength or rebound in Bitcoin’s price while the cryptocurrency has been experiencing choppy price action with low overall volatility (with certain exceptions). The price is…
The US inflation numbers are in for June, and they continue going up. With this, BTC’s price is also experiencing enhanced volatility as the numbers clock in. Data from the…
The number of liquidated traders and the value of liquidations skyrocketed to over $200 million on a daily scale as BTC, and the entire crypto market experienced enhanced volatility following…
After breaking below $20,000 yesterday, bitcoin kept nosediving and dipped to a 9-day low of just over $19,000. The altcoins seem quite stagnant on a daily scale, with ApeCoin being…
Bitcoin mining companies in Texas turned off their machines in anticipation of extreme weather conditions. In some parts of the state, temperatures are expected to surpass 40 degrees (Celsius) which,…
The world’s largest cryptocurrency recorded one of the worst monthly price performances in history in June. This month, too, has been kind to it. The current market structure has many…