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Bitcoin price is ‘likely starting the next push up’ if $42K holds as support

Multiple technical indicators suggest that BTC is preparing for a breakout, despite concerns about rising inflation and conflict in Ukraine.

Continue ReadingBitcoin price is ‘likely starting the next push up’ if $42K holds as support

Bitcoin on-chain data hints at institutions ‘deploying capital’ at expense of ‘hodlers’

On-chain metrics detect strong "sophisticated passive buying" on spot exchanges and a rise in the movements of Bitcoin to whale wallets.

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Analysts say Bitcoin’s range-bound trading at a key support level reflects a trend reversal

BTC’s journey into the $43,000 to $46,000 price range could be another sign that the multi-month correction has ended.

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‘One currency change every generation,’ how monetary skepticism spearheaded cryptocurrency adoption in Czechia

"Since the end of the 19th century, there have been seven distinct currencies in the region that is now Czechia," says SatoshiLabs' in-house economist Josef Tětek.

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Strong Bitcoin and stocks rally position bulls for victory in Friday’s $860M options expiry

Recent strength in BTC and the recovery in equities markets are boosting investors’ confidence and giving bulls the upper hand in Friday’s $860 million options expiry.

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US Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth

Inflation in the United States continues to rise as it climbed at its fastest rate in 40 years since February 1982. Statistics from the U.S. Labor Department’s Consumer Price Index…

Continue ReadingUS Inflation Jumps to 7.5%, CPI Climbs at Fastest Rate in 40 Years, Citizens See Little Wage Growth

Bitcoin, Ethereum Technical Analysis: ETH, BTC Volatile as US Inflation Hits 40-Year High

Prices of ethereum and bitcoin were volatile on Thursday, as markets reacted to U.S. inflation data. Bitcoin briefly recaptured the $45,000 level, but sold off after the data was released.…

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