Bitcoin price is correcting, but what does futures data show?
BTC price rejected near $58,000 but derivatives data shows traders positioned in a neutral-to-bullish, leaving sufficient “room” for a new all-time high in 2021.
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5 Countries Will Accept Bitcoin as Legal Tender by End of Next Year, Says Bitmex CEO
By the end of next year, at least five countries will have accepted bitcoin as legal tender, the CEO of cryptocurrency exchange Bitmex has predicted. He cited three key reasons…
Institutions buying Bitcoin rather than gold as inflation cranks up: JPMorgan
According to JPMorgan this week’s rally has been driven by institutional investors hedging against inflation with Bitcoin.
Gold Spikes on US Debt Fears — Finance Portal Disowns End-of-Year Gold Price Prediction
While the price of bitcoin has surged during the first few days of October, the price of the precious metal gold has also increased percentage-wise as the U.S. dollar and…
3 factors that can send Ethereum price to 100% gains in Q4
The three bullish indicators converge as Ethereum's native token Ether climbs over 9% Friday to cross $3,000, its psychological resistance level.
Bitcoin price eyes $50K as the US Dollar retreats after hitting its one-year high
Rising jobless claims in the U.S. sparked selloffs in the dollar market. On the other hand, Bitcoin held onto its intraday gains.
Ethereum miners are hoarding a record $70B in ETH following EIP-1559 activation
The Ethereum block producers accumulated $6.1 billion worth of ETH tokens after the Aug. 5 network upgrade.
Fed Chair Says US Inflation ‘More Enduring Than Anticipated’ — Strategist Predicts 10% Market Correction
Americans are not only worried about future inflation, but they are also dealing with dwindling purchasing power in real-time. Meanwhile, on Thursday, Federal Reserve chairman Jerome Powell plans to address…
Bitcoin yet to prove inflation hedge status, but the time may come soon
As inflation numbers across the globe continue to rise, is it only a matter of time until Bitcoin’s potential as a store of value is recognized?
Data doesn’t show Bitcoin as an inflation hedge at present, according to Chainalysis
However, the lack of statistical correlation between inflation and crypto prices has not deterred many investors from viewing the asset in this way.