Inflation | Crypto Profit Bot

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

July 11, 2021

Crypto Nanobot 0

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 […]

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

June 19, 2021

Crypto Nanobot 0

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 […]

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

June 19, 2021

Crypto Nanobot 0

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, […]

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

June 16, 2021

Crypto Nanobot 0

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 […]

Bitcoin is risky digital ‘copper’, it’s not gold — Goldman Sachs commodities boss

June 2, 2021

Crypto Nanobot 0

Jeff Currie, the global head of commodities research at Goldman Sachs, described Bitcoin as a “risk-on” asset that is similar to copper as a hedge against inflation. 8175 Total views 7 Total shares Jeff Currie, the global head of commodities research at Goldman Sachs, has dismissed comparisons between Bitcoin and gold as an inflation hedge, […]

2 Bitcoin price indicators suggest BTC has not bottomed yet

May 30, 2021

Crypto Nanobot 0

Traders are using various strategies to determine whether Bitcoin price has bottomed, but on-chain activity and derivatives data hint that the situation remains precarious. Has Bitcoin price bottomed yet? According to @noshitcoins, derivatives and on-chain data signal that further downside could be in store. Traders have been trying to time the much-anticipated trend reversal ever […]

Billionaire Carl Icahn says he may drop up to $1.5B into crypto

May 27, 2021

Crypto Nanobot 0

Billionaire Carl Icahn may invest up to $1.5 billion into crypto while noting that “much of the cryptocurrency issued today will not survive.” 13343 Total views 84 Total shares Former crypto skeptic Carl Icahn, the founder of Icahn Enterprises, told Bloomberg he’s set to enter the crypto market in a “big way” — teasing an […]

Inflation winds stiffen as Bitcoin ballast on balance sheets proves its value

May 16, 2021

Crypto Nanobot 0

As corporate finance leaders prepare to set sail into the post-COVID-19 world amid inflation storm warnings, an increasing number of corporations are taking stock of their treasury reserve holdings. If the worst happens, and the dollar and other reserve currencies weaken, are they sure that all their balance-sheet cash is lashed down securely? It surely […]

Litecoin price hits $400 all-time high, but LTC rally at risk of overheating

May 10, 2021

Crypto Nanobot 0

Litecoin (LTC) has broken the $400 mark, reaching a new all-time high price of $414 on Bitstamp on Monday. The problem with buying Litecoin is that it has become too expensive in a very little period. The world’s 10th-largest cryptocurrency by market capitalization is worth 215% more than it was at the beginning of this […]

Possible Bitcoin treasury adoption as more companies cite inflation concerns

April 27, 2021

Crypto Nanobot 0

Bitcoin is likely a topic of conversation among the treasury department of many U.S. companies amid rising inflation. 15059 Total views 35 Total shares No fewer than 47 companies have cited the term “inflation” in their earnings calls for Q1 2021. According to a report by financial market data provider FactSet on Monday, the figure […]

1 2 3 »

Login to Your Account

Personal Details

Category: Inflation