CPI | Crypto Profit Bot

BTC price snaps its longest losing streak in history — 5 things to know in Bitcoin this week

June 6, 2022

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Bitcoin (BTC) starts a new week with some fresh hope for hodlers after halting what has been the longest weekly downtrend in its history. After battling for support throughout the weekend, BTC/USD ultimately found its footing to close out the week at $29,900 — $450 higher than last Sunday. The bullish momentum did not stop […]

First 6-week losing streak since 2014 — 5 things to know in Bitcoin this week

May 9, 2022

Crypto Nanobot 0

Bitcoin (BTC) starts the second week of May 2022 by bringing up bearish ghosts from its past — how much worse could the picture get for hodlers? After falling to nearly $33,000, the largest cryptocurrency is giving market participants new and old a run for their money, and the fear is palpable. A brutal combination […]

Can Bitcoin break out vs. tech stocks again? Nasdaq decoupling paints $100K target

February 20, 2022

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A potential decoupling scenario between Bitcoin (BTC) and the Nasdaq Composite can push BTC price to reach $100,000 within 24 months, according to Tuur Demeester, founder of Adamant Capital. Bitcoin outperforms tech stocks Demeester depicted Bitcoin’s growing market valuation against the tech-heavy U.S. stock market index, highlighting its ability to break out every time after […]

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

February 12, 2022

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On-chain metrics detect strong “sophisticated passive buying” on spot exchanges and a rise in the movements of Bitcoin to whale wallets. 10781 Total views 38 Total shares “Sophisticated passive buying” on Bitcoin (BTC) spot exchanges coincides with the trend of BTC leaving exchanges to cold storage. Adjusted Bitcoin supply shock. Source: Willy Woo The price […]

Ethereum plunges 13%, down more than Bitcoin after Fed spooks crypto markets

January 6, 2022

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Ethereum’s native token, Ether (ETH), plunged sharply hours after the United States Federal Reserve released the minutes of its December meeting, showing that it eyes a faster timetable for hiking interest rates in 2022. The minutes showed that the Federal Open Market Committee (FOMC) is in favor of raising short-term rates “sooner or at a faster pace […]

What BTC price slump? Bitcoin outperforms stocks and gold for 3rd year in a row

December 29, 2021

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Bitcoin (BTC) may be down over 30% from its record high of $69,000, but it has emerged as one of the best-performing financial assets in 2021. BTC has bested the United States benchmark index the S&P 500 and gold. Arcane Research noted in its new report that Bitcoin’s year-to-date performance came out to be nearly 73%. In […]

Bitcoin jumps past $50K as US CPI data shows highest inflation in nearly 40 years

December 10, 2021

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CPI data is in line with forecasts but still shows a huge spike, while the long-term consequences for Bitcoin are far from universally positive. 5487 Total views 40 Total shares Bitcoin (BTC) surged over $1,000 in seconds on Dec. 10 as the United States Consumer Price Index (CPI) data showed inflation in November was worse […]

Bitcoin hovers near $48K ahead of fresh key US inflation data

December 10, 2021

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Inflation marks just the start of some key macro decisions that could keep Bitcoin down for months, warnings indicate. 8383 Total views 46 Total shares Bitcoin (BTC) recovered above $48,000 on Dec. 10 after another fall took BTC/USD to lows of $47,350 overnight. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Taper tantrums Data from Cointelegraph […]

Inflation benchmark Frax Price Index to launch on Partisia blockchain

December 9, 2021

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By using crowdsourced price oracles, the developers behind Frax and Partisia hope to accomplish a more complete picture of the current inflation environment. 693 Total views 26 Total shares On Thursday, Frax Finance, a developer of algorithmic stablecoins, announced it would launch the Frax Price Index, or FPI, on the Partisia blockchain. The benchmark would […]

Bitcoin price dips under $60K as Dollar Strength Index reaches 16-month highs

November 16, 2021

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Bitcoin (BTC) logged its worst daily performance since September as BTC price slid by 10% to under $59,000 on Tuesday. On the other hand, the U.S. dollar jumped to its best level in sixteen months after spending across the American retail sector grew despite persistent Covid-19 fears and inflation concerns. The BTC price established an […]

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