Why are crypto prices rising? 2023 off to hot start

Key Takeaways Crypto markets have jumped to the start the year off positive macro news Next inflation reading is out on Thursday, which will cause further volatility Fight against inflation has long way to go, with investors not out of woods yet Solana has risen 65% since New Year’s Day, but fell drastically prior and […] The post Why are crypto prices rising? 2023 off to hot start appeared first on CoinJournal.

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Inflation Will Decline Says Powell

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UK Inflation Hits 10-Year High After Bank Of England Warns Bitcoin Could Become Worthless

The inflation rate in the UK has risen 5. 1% to hit a 10-year high.   Crypto enthusiasts proffer Bitcoin to hedge against inflation.   The UK central banker, The Bank of England, remains unreceptive to Bitcoin, however.

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UK Inflation Hits Highest Level In 10 Years After Bank Of England Says Bitcoin Could Become Worthless

The inflation rate in the UK has risen 5. 1% to hit a 10-year high.   Crypto enthusiasts proffer Bitcoin to hedge against inflation.   The UK central banker, The Bank of England, remains unreceptive to Bitcoin, however.

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Top 3 Ethereum alternatives in November 2021

Ethereum (ETH/USD) price soared to a new all-time high on Wednesday as investors rushed to inflation hedges. These gains mean that the Ethereum price has jumped by more than 580% this year. This makes it a better performer than Bitcoin, which has risen by about 130%.

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White House Defends Trillion-Dollar Stimulus While Jamie Dimon and Larry Summers Warn of Runaway Inflation

On Wednesday the White House defended President Joe Biden’s trillion-dollar spending proposals despite the criticism concerning rising inflation and low-interest rates. Inflation has risen at unprecedented levels in the U.

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Institutions are buying Litecoin (LTC) at a 1,200% price premium

Litecoin demand among institutional investors on Grayscale Investments surged last week ahead of the protocol’s Mimblewimble upgrade and as fears of inflation have risen among US investors, as per reports.

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Turkish Inflation Rose 100% Says Professor

A professor of applied economics says Turky’s inflation rate has risen by an incredible 100% this year, up 29% this month. Steve Hanke of Johns Hopkins University, who served for a... The post Turkish Inflation Rose 100% Says Professor appeared first on Trustnodes.

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Bitcoin Magazine’s Week in Review: Looking to the Past and the Future

South Korea just ruled that bitcoin is a legally recognizable asset, which is good news for investors, but not such good news for convicted criminals that had managed to hold onto their cryptocurrency in the past.

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