Bitcoin

Coin Stories podcast host joins ‘Cavuto: Coast to Coast’ to discuss economic strategies involving crypto currency as interest rates continue to rise. Bitcoin is trading above $40,000 after a day that saw its three-day winning steak snapped. The cryptocurrency is off more than 2% month-to-date and down 12% year-to-date.   The European Union’s securities, banking and insurance watchdogs issued a warning about cryptocurrencies this week. Consumers risk losing all their money invested in… Source link

On March 16, Arthur Hayes, the co-founder of the cryptocurrency exchange Bitmex, published a blog post called “Energy Cancelled,” which describes the economics behind the ongoing Russia-Ukraine war. Hayes explains in his 26-minute long opinion piece that historians may point to February 26, 2022, as the time in history when the “Petro Dollar / Euro Dollar monetary system” ended. Speculation Concerning an Independent International Monetary and Financial System Free From the… Source link

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Despite our cautious macroeconomic outlook, bitcoin supply side dynamics look extremely strong. The amount of bitcoin as a percentage of circulating supply that hasn’t moved in one year or more is approximately 1% away from all-time high levels. Previous occasions… Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

You can think what you want about the correlation between bitcoin and inflation. In the end, bitcoin is a lot of things to a lot of people, and that’s what makes it exciting to watch. Some people think of it as a technology. To others, it’s a form of payment or simply a store of value, whether inflation is high or low. Source link

Bitcoin “may be primed” for a quantum leap in its development thanks to inflation this year, a Bloomberg analyst has claimed. In a tweet on March 17, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, released a fresh bullish take on Bitcoin’s (BTC) future under the current macro conditions. Gold beating Bitcoin is “unlikely” this year Well known for his belief in Bitcoin coming from the latest global financial turmoil out on top, McGlone argued that inflation would… Source link

“Since the last days of February, there has been a solid support line on the declines under $38,000,” Alex Kuptsikevich, a market analyst at FxPro, wrote in an email to CoinDesk. “And this is bullish strength, reflecting that long-term buyer interest has migrated from $30,000 to $38,000 due to inflation and geopolitical tensions. Source link

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of… Source link

The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. The latest United States producer price index (PPI) figures were released yesterday morning showing a 10% annual index change. The PPI tracks price changes received for goods and services across domestic producers and will be an important key input in the Federal… Source link