A large-scale Bitcoin (BTC) investor is expressing pessimism towards the latest US Consumer Price Index (CPI) figures, revealing an inflation rate of 3.5% which surpassed expectations and signals potential challenges for the market. (Source: Coingape’s earlier report) Bitcoin Whale Taking Cover Based on information from cryptocurrency analysis tool Lookonchain, a large investor transferred around 800 … Read more
Users of Coinbase in the UK can now easily purchase Bitcoin, Ethereum, and other cryptocurrencies through Apple Pay on their iPhones, as announced by the popular cryptocurrency exchange. This new feature is designed to ensure a safe and discreet transaction process. Based on information from Coinbase, when you use Apple Pay, your card details aren’t … Read more
During the past week, while Bitcoin battled to surpass $69,000 in the volatile crypto market, Toncoin experienced an enjoyable surge. The decentralized layer-1 blockchain saw a significant increase in value, approximately 34%, surpassing Cardano‘s market capitalization and securing a new place as the 9th largest cryptocurrency. On Apr 09, 2024, Toncoin reached an all-time high … Read more
On Wednesday, XRP attorney John Deaton shared his perspectives, voicing worries about a letter written by Senator Elizabeth Warren that was addressed to House Financial Services Committee Chair Patrick McHenry and Rep. Maxine Waters. A letter to the U.S. Federal Reserve, discussing potential dangers related to stablecoins, has sparked debates amongst crypto community members regarding … Read more
The sellers’ pressure continues on the cryptocurrency market, according to CoinStats. ADA/USD The price of Cardano (ADA) has gone down by 4.24% since yesterday. Today, ADA‘s price took a dip, but it remains in the midst of its current price range. Neither buyers nor sellers have taken control yet, so it’s expected that the coin … Read more
Bitcoin (BTC) and similar digital currencies are referred to as unpredictable investments due to significant price swings observed within their markets. Various influences such as the actions of large investors, technical signals, market sentiment, and capital flows have a substantial impact on Bitcoin‘s value. Regulatory hostility can impact the value of an asset or decrease … Read more
New data from the Consumer Price Index (CPI) showed higher-than-anticipated inflation rates in the US. This surprise finding suggests a strong upward trend in prices, which could lead the Federal Reserve to make bold moves in their upcoming monetary policies. In response, Bitcoin and cryptocurrencies experienced a sharp decline. The price of Bitcoin dipped by … Read more
An significant event transpired in the cryptocurrency realm when an unidentified Bitcoin billionaire carried out a succession of substantial transactions. The wealthy individual transferred 800 BTC, or approximately $54.6 million, into Binance immediately following the dissemination of March’s Consumer Price Index (CPI) inflation figures. This action, executed mere minutes after the data was made public, … Read more
Bears remain more powreful than bulls, according to CoinMarketCap. XRP/USD The rate of XRP has declined by 4.24% over the last 24 hours. In the hourly timeframe, XRP‘s price sits comfortably within its current range. It receives equal pressure from the underlying support at $0.5930 and the resistance level at $0.6160. As most of the … Read more
Bitcoin, the most valuable cryptocurrency with the biggest market size, experienced a significant drop in price and reached a low of $67,482 on the Bitstamp trading platform recently. For the third month in a row, the annual rate of increase in the main consumer price index (CPI) surprised experts by coming in at 3.5%. This … Read more