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Bitcoin bulls scramble to defend $40,000 as the crypto market sell-off intensifies

BTC and altcoins were hit by another round of selling as analysts say a worsening macroeconomic climate threatens to push Bitcoin price below $40,000.

Continue ReadingBitcoin bulls scramble to defend $40,000 as the crypto market sell-off intensifies

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

Ethereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound

Ethereum price is back above its 50-week exponential moving average, a credible support level from the 2020-2021 market boom.

Continue ReadingEthereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound

Bank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints

The Bank of England (BOE) raised the country’s benchmark bank rate from 0.25% to 0.5% this week in order to curb rampant inflation. “We face a trade-off between strong inflation…

Continue ReadingBank of England Hikes Bank Rate to 0.5%, Governor Andrew Bailey Hints at Wage Restraints