Category: Inflation

Institutions buying Bitcoin rather than gold as inflation cranks up: JPMorgan

October 8, 2021

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According to JPMorgan this week’s rally has been driven by institutional investors hedging against inflation with Bitcoin. 9473 Total views 101 Total shares Bitcoin (BTC) has led a 35% rally this week by soaring far above the $50,000 resistance level and restoring a $1 trillion market capitalization to the asset. According to a note shared […]

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3 factors that can send Ethereum price to 100% gains in Q4

October 1, 2021

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Ethereum’s native token, Ether (ETH), has the potential to double its market valuation in the coming months, thanks to a confluence of supportive technical and fundamental indicators. Ether’s price soared by more than 9% on Oct. 1 to hit nearly $3,300 for the first time in 10 days. Its gains surfaced primarily in the wake […]

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Bitcoin price eyes $50K as the US Dollar retreats after hitting its one-year high

October 1, 2021

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Bitcoin (BTC) looks to reclaim $45,000 on Oct. 1 as the U.S dollar retreated lower after hitting its one-year high. Bitcoin’s tight inverse correlation with the greenback over the past month suggests that a weakening dollar could push BTC price even higher in the coming sessions.  Bitcoin-dollar correlation on hourly chart. Source: TradingView.com Dollar drops […]

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Bitcoin jumps toward $49K amid fears 5%-plus inflation is here to stay

September 18, 2021

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Bitcoin (BTC) inched higher on Sept. 18 as the focus shifted to the Federal Open Market Committee’s (FOMC) policy meeting in the wake of lower inflation numbers last Tuesday. The BTC/USD exchange rate approached $49,000 on the Coinbase exchange, hitting $48,825 before turning lower on interim profit-taking sentiment. Nonetheless, the move uphill raised expectations that […]

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Bitcoin hits $45K ahead of July inflation report, but one fractal hints at looming correction

August 8, 2021

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Bitcoin (BTC) reached its highest level in more than two months with just a few days remaining before the July inflation report. The top cryptocurrency climbed 1.65% to $45,363 on Aug.8, continuing the upside momentum that has already seen it jumping 21.62% from its August 5 low of $37,300. BTC/USD daily chart. Source: TradingView.com Momentum […]

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Massive government spending accelerating crypto adoption: Sen. Cynthia Lummis

July 29, 2021

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Senator Cynthia Lummis said that inflation and massive government spending is accelerating the adoption of digital assets. 2230 Total views 394 Total shares Republican Senator and Bitcoin proponent Cynthia Lummis said that massive government spending is accelerating crypto adoption. Lummis made the comments while sharing an interview she did with “Varney & Co” on the […]

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Strong Bitcoin accumulation spotted as BTC price refuses to fall below $30K

July 11, 2021

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Bitcoin (BTC)  price remained relatively flat over the weekend, inching closer to $34,000 on July 11. Nevertheless, BTC/USD has tumbled by almost 50% from its all-time high, near $65,000 in mid-April. But the massive downside move has not deterred investors from betting on the digital asset’s long-term bullish outlook. According to one of the Glassnode […]

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Data suggests the strong US dollar makes Bitcoin weaker argument is flawed

June 19, 2021

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At the moment, there seems to be a general assumption that when the U.S. dollar value increases against other global major currencies, as measured by the DXY index, the impact on Bitcoin (BTC) is negative. For the past few weeks, analysts and influencers have been issuing alerts about this inverse correlation, which held true until […]

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Bitcoin may lose $30K price level if stocks tank, analysts warn

June 19, 2021

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The ghost of stock market crash is back again to haunt Bitcoin (BTC). It happened last in March 2020. Back then, the prospect of the fast-spreading coronavirus pandemic led to lockdowns across developed and emerging economies. In turn, global stocks crashed in tandem, and Bitcoin lost half of its value in just two days. Meanwhile, […]

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98% of CFOs say their hedge fund will invest in Bitcoin by 2026: Study

June 16, 2021

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Traditional hedge funds are willing to increase their exposure in Bitcoin and other cryptocurrency markets over the next five years, a new survey has found. Intertrust Global — an international trust and corporate management company — polled the chief financial officers of 100 hedge funds globally about their intention to purchase crypto-assets. About 98% of […]

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