UBS raises US recession odds to 60%, but what does this mean for crypto prices?
Analysts believe the possibility of a recession in the US is increasing and this could be an important stress test for cryptocurrencies.
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IMF Expects US Economy to Experience High Inflation for at Least Another Year or Two
The International Monetary Fund (IMF) expects the U.S. economy to experience high inflation for at least another year or two. “I would be careful about looking at one data point…
US dollar hits new 20-year high — 5 things to know in Bitcoin this week
A familiar tale of losing stocks and a surging greenback greets Bitcoin traders this week as $20,000 fails to sustain as support.
ECB President Christine Lagarde Blames Climate Change for Europe’s Torrid Inflation
According to the French politician currently serving as the president of the European Central Bank (ECB), Christine Lagarde, Europe’s scorching hot inflation can be blamed on climate change. During her…
Crypto will become an inflation hedge — just not yet
Crypto can act as protection against inflation, but not until it establishes its fundamentals and achieves mass adoption.
Powell Says Fed’s Battle With Inflation Will Bring ‘Some Pain,’ After Insisting Last Year Elevated Inflation Is ‘Likely to Prove Temporary’
On Friday, Jerome Powell spoke at the annual Jackson Hole Economic Symposium and the Federal Reserve chair explained that the U.S. central bank is focused on fighting the country’s red-hot…
Bitcoin price briefly loses $20K on ‘bunch of nothing’ Powell speech
Bitcoin could well sink below the $20,000 mark again, traders warn, with price targets now as low as $16,000.
US stocks lose $1.25T in a day — more than entire crypto market cap
Risk assets take a major blow as Fed Chair Jerome Powell stays firmly hawkish on inflation and monetary policy.
Bitcoin price gains 3.5% as US PCE data supports shrinking inflation
A swift leg-up for BTC price action nonetheless fails to crack the week-long trading range so far.
Bitcoin price taps $21.3K ahead of Fed Chair Powell Jackson Hole speech
Daily lows greet Bitcoin traders as markets await fresh macro cues from the Fed.
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