Tags : Inflation

Market

Inflation winds stiffen as Bitcoin ballast on balance sheets proves

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 […]Read More

Bitcoin

Argentinians are flocking to Bitcoin (BTC) amid inflation, economic decline

The popularity of Bitcoin and other cryptocurrencies is skyrocketing in Argentina as local residents look for new ways to offset inflation, global news agency AFP News reported today. “The number of user accounts for investing in cryptocurrencies has multiplied by ten in Argentina since 2020,” Maximiliano Hinz, Latin American director of crypto exchange Binance, told the […]Read More

Bitcoin

The Real Reason Behind Bitcoin Explosive Rally is Not Coinbase

Bitcoin surged past $64,500 this week, shattering yet another record-high milestone after a month of downside consolidation, over sentiments that a fresh Wall Street listing of one of the leading crypto firms, Coinbase, would attract more wealthy investors to the booming sector. Bitcoin reaches another lifetime high. Source: BTCUSD on TradingView.com But the flagship cryptocurrency […]Read More

Bitcoin

Bitcoin Price Breaches $61,000 Ahead of Key Inflation Figures; What’s

Key Bitcoin Price Outlook The bitcoin price briefly surged above $61,000 on Tuesday. The climb surfaced as a part of an upside weekly session, as traders’ appetite for safe-havens surged ahead of key US inflation data. Technically, the cryptocurrency shied away from confirming a price breakout to the upside. Bitcoin rallied above $61,000 on Tuesday. […]Read More

Bitcoin

Boom for Bitcoin as Wall Street Veteran Blasts Powell over

Bitcoin could continue playing its global safe-haven hedge role as a Wall Street veteran blasts off Jerome Powell and his pro-inflation policies in his latest opinion editorial. The benchmark cryptocurrency could rise as Andrew Parlin, founder/chief investment officer at Washington Peak Investment Advisors in New Jersey, warns about how the Federal Reserve chairman has thought […]Read More

Bitcoin

Bitcoin Drops After Powell Pours Cold Water on Inflation Expectations

A dramatically heightened inflation makes up the strongest bullish case for Bitcoin, a cryptocurrency that poses itself as the safest insurance against a potential rise in consumer prices and fiat devaluation caused by central banks’ quantitative easing programs and the government’s trillions of dollars worth of stimulus packages. But on Tuesday, Bitcoin faced a headwind […]Read More

Bitcoin

Bitcoin Plunges Ahead of Critical US Inflation Data Release; What

Key Bitcoin Takeaways Bitcoin staged an incredible bounce in the early morning session on Wednesday, breaching $55,000. Nonetheless, retreating US bond yields prompted traders to sell the multi-week top. The underlying bullish sentiment kept Bitcoin above crucial support levels while the market awaited the US Consumer Price Inflation report. Bitcoin went through an aggressive short-covering […]Read More