Market Analysis
Open Interest surged to $3.22 billion Thursday to levels not seen since February.
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Inflation News
Inflation as it relates to money means the devaluation of a payment vehicle amid the rising cost of goods and services. The term usually refers to fiat currencies, which can lose value when a government expands the supply of dollars in an economy. Venezuela saw its currency lose significant value in 2018 during hyperinflation — an exaggerated form of inflation. When it comes to cryptocurrencies, however, inflation works differently. Many assets, such as Bitcoin, have a maximum supply programmed into their code, which can prevent a loss of value due to added supply. Bitcoin does entail some level of inflation, as more coins are released into its circulating supply through a set and predictable mining schedule, but maximum supply sets definite limits on BTC inflation.
- Market Analysis
BTC price rejected near $58,000, but derivatives data shows traders positioned neutral-to-bullish, leaving sufficient “room” for a new all-time high in 2021.
21167 - Analysis
Many in and beyond the crypto industry believe that the political standoff around the debt ceiling increase makes digital assets more attractive in the long run.
9122 - News
According to JPMorgan, this week’s rally has been driven by institutional investors hedging against inflation with Bitcoin.
21797 - Market Analysis
Three bullish indicators converge as Ethereum’s native token, Ether, climbs over 9% on Oct. 1 to cross $3,000, a psychological resistance level.
56404 - Market Analysis
Rising jobless claims in the U.S. sparked sell-offs in the dollar market. On the other hand, Bitcoin held onto its intraday gains.
28639 - Altcoin Watch
The Ethereum block producers accumulated $6.1 billion worth of ETH tokens after the Aug. 5 network upgrade.
13483 - Analysis
As inflation numbers across the globe continue to rise, is it only a matter of time until Bitcoin’s potential as a store of value is recognized?
6199 - News
However, the lack of statistical correlation between inflation and crypto prices has not deterred many investors from viewing the asset in this way.
6364 - Markets News
Bitcoin has been leaving Coinbase’s wallets in 2021, while BTC exchange reserves on Binance tell a different story.
16741 - Market Analysis
Rushing to the so-called safe-haven cryptocurrency appears despite concerns that the Federal Reserve could taper its $120-billion-a-month asset-purchasing program.
17837 - Sponsored
Gold and crypto are often described as an “either or” proposition, but this project aims to give investors the opportunity to gain exposure to both.
4355 - Market Analysis
The sell-off in the Bitcoin market, in particular, intensified due to excessively leveraged bullish bets.
14006 - Market Analysis
The declaration appears as Bitcoin pops back above $50,000, with its addition in a gold-bond portfolio outperforming the S&P 500 index.
9470 - Market Analysis
Bitcoin bulls remain pressured under $50,000 in the week that would shed more light on the Federal Reserve's taper outlook based on non-farm payroll numbers.
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