Key Insights: Cooling US PCE inflation strengthens expectations for further Fed rate cuts, boosting Bitcoin’s bullish outlook for the fourth quarter. Matrixport forecasts a strong Bitcoin rally in Q4, driven by historical…
Category: Bitcoin
Bitcoin Could See Gains as Governments Print More Money Says Arthur Hayes
Key Insights: Arthur Hayes forecasts Bitcoin gains as global quantitative easing injects more liquidity into markets. Hayes warns of risks in volatile markets but sees Bitcoin as a long-term strategy for investors….
Dubai Court Recognizes Crypto as a Valid Form of Salary Payment
Key Insights: Dubai court validates cryptocurrency for salary payments, signaling a shift in legal acceptance within the UAE’s financial ecosystem. IMF executives propose an 85% tax increase on crypto mining electricity costs…
US Inflation Cools to 2.2%—Will Fed Slash Rates and Boost Crypto?
Key Insights: July’s PPI inflation drops to 2.2%, raising hopes for a potential Federal Reserve rate cut in September. Core PPI remains unchanged, falling short of expectations, which could influence the Fed’s…
Price Analysis August 6th, 2024 – BTC, BNB, ETH, SOL, and DOGE
On Monday, Bitcoin dropped below the $50,000 mark as crypto traders panicked due to the Japanese stock market crash. Data published by CoinGlass showed that over 270,000 Bitcoin traders were liquidated, collectively…
Crypto Liquidations Hit $1 Billion as Bitcoin Plummets Below $50K
The crypto market has witnessed a massive dump in the last 24 hours, with liquidations reaching $1 billion. Over 278,000 traders who opened either long or short positions have been affected. Per…
Bitcoin Traders Suffer Liquidation as Coin Plummets Below $66,000
Over the past 24 hours, Bitcoin has seen a massive price correction, dropping by 4% to reach $65,894 as of this writing. The current price means BTC is trading at the same…
Price Analysis July 30th, 2024 – BTC, SOL, ETH, BNB, and DOGE
Bitcoin touched $70,000 on Monday but couldn’t grow further, signaling that the sellers were determined to defend the resistance level. However, investors are not worried about BTC crossing above the current all-time…
Price Analysis July 28th, 2024 – BTC, SOL, XRP, BNB, and ETH
After experiencing a short pullback at the start of the week, Bitcoin resumed its uptrend toward the $69,580 resistance on Friday, suggesting that the buyers have been purchasing every dip. According to…
Price Analysis July 23rd, 2024- BTC, SOL, BNB, ETH, XRP, and TON
Bitcoin has made a massive comeback over the past seven days, surging 12.3% to cross major resistance levels. The rally comes amid growing inflows into crypto investment products. CoinShares reported on Monday…
Price Analysis July 14th, 2024 – BTC, BNB, DOGE, ETH, and SOL
Bitcoin rebounded from the strong support of $56,686 on July 12th, signaling solid demand at lower prices. According to a report by onchain analytics firm CryptoQuant, institutional investors view the recent price…