The Personal Consumption Expenditures (PCE) Price Index, which measures inflation in the United States, rose to 5.4% year over year in January from 5.3% in December. This follows the news that was just issued by the U.S. Bureau of Economic Analysis. Market participants had expected a figure closer to 4.9%,
After facing the two major collapses in the year 2022, many thought the crypto industry might not see the daylight ever again. But this present year 2023, gave a great start for the assets in blockchain technology. The cryptocurrency idols, Bitcoin (BTC) and Ethereum (ETH) are sailing in the better
After six weeks of bullish, the overall cryptocurrency market is slightly down. At the time of writing, the global crypto market has a market cap of $1.05 trillion, which decreased by over 4.5% in the last 24 hours and 49% from the previous year. Crypto Market Current Status The upward
The cryptocurrency market kick-off February with continued bullish momentum as the crypto king, Bitcoin (BTC), soared by over 45%, and the largest altcoin, Ethereum (ETH), surged around 40% in a month. At the time of writing, the global crypto market cap has a market cap of $1.12 trillion, which increased
In its most recent meeting, the Federal Reserve Board decided to increase interest rates by another quarter of a percentage point. At this meeting, the Fed implemented its smallest interest rate rise since March 2022, signaling a moderation in the pace of its rapid tightening throughout 2022. As the Fed
Despite the untested bullish rally, some cryptocurrencies have surprisingly recorded and set their new all-time highs (ATH) at the start of 2023. Significantly, Aptos (APT) and Optimism (OP) are the cryptos that have contributed their new records to the market’s positive sentiment. According to Coingecko, on January 22, APT set
On January 17th, the top virtual currencies were in a state of divergence at the start of trading. As the world crypto market cap dwindled by 0.84 percent to $982.47 billion in the preceding 24 hours. The total crypto market volume for that period was augmented by 17.74 percent to
After a year of turmoil and intense negative market sentiment, Bitcoin (BTC) has now surpassed the $21,000 level projecting positive signals. The dominant crypto’s pump has led the global cryptocurrency market to regain its $1 trillion mark. At the time of writing, as per CoinMarketCap, Bitcoin (BTC) traded at $21,133.96
The global cryptocurrency Subsequent weeks of sustained selling is currently experiencing buying pressure. The market’s acceleration has sparke by gains in assets such as Bitcoin (BTC). Which is making new highs day after day after facing consistent lows and reclaiming previous experiences. At the time of writing, the global market
The Consumer Price Index for December showed a gain that was in line with expectations, at 6.5%. The December CPI numbers were recently issued by the US Bureau of Labor Statistics. Minutes before the report was released, the cryptocurrency market was modestly positive, with most assets trading in the green.
