Bitcoin News
US Inflation Surges to New 40-Year High, What That Means for Crypto
GSR Markets’ Benoit Bosc discusses the current state of the crypto markets as the U.S. Consumer Price Index (CPI) rose to 8.5%, hitting a new 40-year high. Meanwhile, bitcoin and other digital assets are trading down.
First Mover Americas: Crypto Traders Eye US CPI Report, Monero Shines
The latest moves in crypto markets in context for April 12, 2022.
US Inflation Jumps to Fresh 4-Decade High of 8.5% in March
The U.S. Consumer Price Index accelerated last month as supply bottlenecks and war-related sanctions pushed already-elevated inflation higher.
Long Crypto Traders Feel Pain as Bitcoin's Slide Leads to $430M in Liquidations
Nearly 90% of all liquidations in the past 24 hours came from traders betting on the upside.
First Mover Asia: Mark Karpeles’ UnGox Wants to Help Investors Assess the Risks of Crypto Products; Bitcoin Drops Below $40K
The CEO of the infamous Mt. Gox crypto exchange is re-entering the industry with a rating service. But is he in touch with the latest developments?; ether also falls.
Market Wrap: Bitcoin Sell-Off Deepens as Correlation With Stocks Rises
BTC is down 40% from its November peak, compared with a 16% drop in the Nasdaq 100 over the same period.
Bitcoin Falls Below $40K for First Time Since Mid-March
Nydig, a bitcoin-focused asset manager, cites fears of rising inflation and a tighter Fed policy as reasons for the drop.
BTC Approaching $37-$40K Support Following Bitcoin 2022 Conference
Arca’s David Nage discusses his take on why BTC is approaching a support zone of only $37-$40K amid the excitement of the Bitcoin 2022 conference in Miami and the Luna Foundation Guard’s ongoing BTC purchasing spree. Nage tells why bitcoin is a “supply and demand asset,” noting possible sell-offs as investors prepare their taxes.
