The Federal Reserve is expected to raise the interest rate by 50 basis points. The Terra ecosystem crash caused a ripple effect across the market. The Consumer Price Index (CPI) rose by one percent between May and June, bringing its year-over-year gain to 8.6 percent, while the crypto sector continues
As inflation began surging up in late March, the growth of the global economy slowed down. The US Federal Reserve led by Jerome Powell chose to raise the interest rates to combat inflation and restore price stability in their economy. The interest rate hiked to its 22-year high and the
The crypto market has already entered a gloomy phase. From its all-time high (ATH) of $3 trillion, it has lost more than half of its volume. At the time of writing, the market capitalization was $1.25 trillion. Not only crypto world facing the winter season the traditional market also dipping
With Bitcoin’s price falling, miners may be in for a rough ride as well. After the readings, other major cryptocurrencies also went negative for the day. Minutes after statistics indicated that U.S. inflation was more than predicted in April, Bitcoin (BTC) fell below $30,000 on Wednesday. As a result, the
The tech-heavy Nasdaq (COMP.IND) is down a stunning 17.3 percent YTD. According to Google Trends, retail interest in Bitcoin has been down since mid-2021. It seems that investors are pricing in an even more aggressive route for the Federal Reserve to raise interest rates, which is hurting the value of
Central banks should not reverse government asset purchases. The crypto market has been in red this December. The US inflation rate just hit 6.8%, the highest in over 40 years, placing pressure on the country’s central banks. Everyone wants to know whether this inflation is transitory or permanent. Persistent problems
The initial hype with BITO could fade after a week. Gold used to be an effective tool to hedge against inflation. The second bitcoin futures ETF in the U.S. launched Friday. As opposed to investment opportunities in newly created futures trading exchange-traded funds. According to the global investment firm JPMorgan,
Every IHC transaction has a 5% fee collected. The IHC team is working on an on-chain wallet application. Inflation is becoming more linked to current global circumstances. Moreover, as the industry enters a recession, many believe the worst since the Second World War. Inflation devalues our assets, reducing the buying
The administration of President Joe Biden is moving home and abroad to deal with worries about increasing energy costs. Delaying the country’s recovery from the pandemic-induced recession. Jake Sullivan called on the OCOP to act quicker to restore world petroleum supplies to pre-pandemic levels, and the White House urged the
Bitcoin, the world’s leading cryptocurrency, hit a 25-day high of $64,133, hours ago. It gained 10.3% over the past week as bulls made a comeback. Despite an early-month bearish trend, Bitcoin is now trading at $63,821.27, up 3% in the last 24 hours, though trading volume has decreased by 11%,
