Bitcoin's price falls below $68,000 amid concerns over US inflation data, triggering a broader market retreat. Ethereum, Solana, Dogecoin, and XRP also register losses. Market witnesses liquidation of $70 million in the past hour, primarily in long positions.
Federal Reserve Governor Jerome Powell maintains a cautious stance on rate cuts, prioritizing stable inflation before policy adjustments. Market anticipation clashes with the Fed's commitment to economic stability, reflecting uncertainties in global economic forecasts.
Bitcoin's price dips nearly 3% following unexpected inflation data for February, impacting both cryptocurrency and stock markets. Investors await potential Federal Reserve action amidst a backdrop of rising inflationary pressures. Explore the market dynamics and implications of ETF approval on Bitcoin's performance.
September inflation in the United States was 3.7%, a slight drop from the previous year.
Core PCE index increases by 0.3% month-over-month, in line with economist expectations.
The stable overall inflation rate was influenced by a surge in energy prices.
Consumer spending in...
Peter Schiff issues dire warnings about increasing inflation and the potential collapse of the U.S. dollar. Explore his economic analysis.
Economist and gold enthusiast Peter Schiff issued severe warnings about the U.S. economy and the U.S. dollar in an interview on First TV last week....
All eyes remain fixed on Bitcoin (BTC), as the market continues to be watchful within a narrow trading range extending over several days, and August 23 is no exception. Presently, attention is directed towards Jerome Powell's address at the annual Jackson Hole event. Investors...
