Red Hot Inflation Tumbles Ethereum By 5%

2022-7-14 02:17

The US consumer price index, a comprehensive indicator of prices for goods and services used in daily life, increased to 9.1% over the previous year. The traditional and cryptocurrency markets have collapsed as a result of this announcement. Prices for the two largest cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), fell by almost 5%. It didn’t plummet as much, though, as was expected.

Ethereum Fall To Inflation

At the time of the CPI report, the price of the second-largest cryptocurrency fell as low as $1,019 per unit. Before the announcement, the price of ETH was fluctuating about $1,089 USD. It has managed to bounce back from the inceptive slump.

The price of ethereum has decreased over the past 30 days by about 15%. At the time of publication, the average price of ETH is $1,037.

ETH/USD hovers close to $1k. Source: TradingView

The data show that the price of bitcoin decreased to trade below the 19K price barrier. But to reach $31.8 billion, its 24-hour trading volume has increased by more than 14%. However, the initial decline in the price of bitcoin was reversed. As of the time of publication, it was trading at an average price of $19,317.

Related reading | Inflation Hits New 40-Year High, Will Bitcoin And Ethereum Plummet Again?

The last four hours have seen a liquidation of about $49 million in Ethereum, according to the Coinglass. While within the same time frame, Bitcoin had a liquidation of about $33 million. Solana (SOL) declared a liquidation of almost $3.43 million in the meantime.

Inflation Highest In 40 Years

According to reports, the June adjusted CPI annual rate was 9.1 percent. A projection of 8.80 percent was made. While the prior quarter’s percentage was 8.60%. But it’s said to be the biggest increase since November 1981.

The cost of food and energy are reportedly the biggest contributors to the increase. The probability that the Fed will increase the rate by a further 75 basis points in September is extremely high. Nasdaq futures decreased by almost 1.5 percent, S&P 500 futures decreased by 1%, and Dow futures decreased by 0.6 percent.

Suggested Reading | Quant (QNT) Registers Gains In Past Days – A Short-Term Upswing In Place?

Featured image from Shutterstock, chart from TradingView.com

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Источник: newsbtc.com

previous increased → Результатов: 60

Robinhood's Q1 Crypto Revenue Rises Slightly From Previous Quarter

The company's quarterly revenue from cryptocurrency trading increased about $6 million to $54 million.

2022-4-29 23:19	Business
revenue million trading cryptocurrency increased quarterly rises

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Bitcoin And Ether Up As BTC Whales Get Busy Acquiring New Supply From Sellers

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2022-4-11 15:51	ethereum
bitcoin price hours previous ether increased 679

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Bitcoin Miners’ February Production Fell on Shorter Month, Winter Storm

Mining power increased for most miners from the previous month as miners continue their growth plans.

2022-3-12 23:13	Tech
miners month previous continue plans growth power

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2022-2-8 22:00	Press Release
metaverse tokens nfts popularity bring showcased power

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Increased Unspent Miner Supply Shows Why Bitcoin Miners Are Bullish For The Long Term

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2021-12-22 16:52	xbtusd
bitcoin miners high bullish unspent supply position

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SEC filings show Morgan Stanley has doubled its Bitcoin (BTC) position

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2021-9-29 10:00	Morgan Stanley
bitcoin assets sec leading filings morgan stanley

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2021-4-17 12:50	dogecoin
doge current one april previous rally does

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China’s Latest Digital Renminbi Trial Targets 500k People Plus Cross Border Payments

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2021-4-15 15:30	Digital Yuan
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Riot Blockchain Reports A 460% Increase in Hash Rate; Doubles the Bitcoin Held on Balance Sheet

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2021-4-2 22:56	bitcoin mining
mined bitcoin increase rate hash driven 303

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2021-2-19 19:41
waves area resistance long-term out considerably weekly

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IOTA Pumps But Fails to Reach Long-Term Resistance

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2021-2-17 21:07
iota long-term chart week reach resistance shows

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The Best Bitcoin Wallets of 2021: A Comprehensive Review

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Bitcoin Shows Resilience With Swift Recovery From 2020 Bottom

Bitcoin surged by 303% in the past year, breaking past its previous all-time high in Dec 2020. The growth was primarily spurred on by increased demand from the retail and institutional class amid mounting global inflation.

2021-1-16 20:00
2020 past bitcoin increased inflation spurred primarily

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Previous Bitcoin Bull Run Patterns Suggest Current Run Could See a $160K Top, Possible $25K Bottom

While digital currency markets have increased significantly in value a number of crypto asset proponents are wondering how far the next bull run will take them. For instance, the last three bitcoin bull runs saw different price spikes and significant drops below 80% as well.

2020-11-24 03:15
run bitcoin instance take wondering far three

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2020-11-16 11:44	cryptocurrency trading
level bitcoin breakout price above reach close

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Cryptocurrency News Roundup For April 15, 2020

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2020-4-16 10:53
new cryptocurrency further reports previous strengthens past

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Bitcoin Smashes Through $7,000 — What’s Next?

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2020-4-7 12:10	BTC/USD
resistance close previous above safely long 355

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BTC trading volume on exchanges jumps more than 50% last quarter

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2020-4-9 13:45	News
quarter cryptocurrency volume exchanges trading 2020 compared

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2020-4-6 11:15	BTC/USD
price increased week bitcoin candlestick created reaching

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Bitcoin Continues Moving Up, Hopeful for Another Day of Double-Digit Gains

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2020-3-24 12:35	BTC/USD
bitcoin increase created low daily bullish measuring

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Ethereum deposits exceeds previous record high; are whales cashing out?

Ethereum deposits on exchanges have exceeded its previous high in December 2018, when the price of ETH fell to as low as $89. Total exchange deposits of Ethereum increased to 14. 5 million across all major cryptocurrency platforms, indicating that ETH is likely being sent to trading platforms to be sold.

2020-3-23 07:38	Price Watch
deposits ethereum eth platforms previous high increased

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Bitcoin Analysis for 2020-02-03 [Premium Analysis]

Over the previous week, the price of Bitcoin increased considerably, creating a bullish candlestick. However, it failed to reach a close above a significant resistance area. It now looks that it will soon break above resistance, keeping the current support line intact.

2020-2-4 13:30	Premium
resistance bitcoin analysis above looks significant area

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VanEck: Bitcoin Price Historically Increased Following Halving

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2020-1-30 21:00	VanEck
bitcoin scarcity may price halving following historical

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On January 14, the LINK price validated the previous resistance line and has increased by more than 20% since. The upward move marked an end to a 53-day downward trend, in which the LINK price decreased by 35%.

2020-1-19 12:17	Premium
link price upward move marked decreased downward

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2019-12-17 11:23	Premium
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Bullish Bitcoin Flag Indicative of Higher Prices, According to Mati Greenspan

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2019-11-29 20:09	News
bitcoin trading range bullish breakout prices higher

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Bitcoin’s Reversal Has Already Begun, Suggests Analyst

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2019-11-25 18:34	News
bitcoin percent begun analyst suggests reversal decrease

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XRP Failed to Increase Prior to Swell Conference, What’s Next?

The Swell conference, which is arguably the most important Ripple conference of the year, was held in Singapore on November 9-11. During the previous two conferences in 2017 & 2018, the price increased significantly in anticipation of the event.

2019-11-16 00:34	News
conference swell xrp price prior failed increase

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XRP Fails to Increase Prior to the Swell Conference – What’s Next?

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2019-11-8 01:18	News
conference xrp prior swell fails increase significantly

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Nvidia’s GPU sales finally ‘normalize’ after its crypto-mining craze

Chipmaker Nvidia says its business has finally returned to normal after its cryptocurrency mining hangover has subsided. In its latest quarterly financial report, published yesterday, Nvidia posted 17 percent growth in revenue – from $2.

2019-8-16 15:22	hard fork
nvidia financial billion cryptocurrency posted revenue normalized

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Popular genetic testing services can be misleading, inaccurate, and ethically questionable

Genetic testing used to be something that happened in a specialist clinic for those few families that had serious inherited conditions, like Huntington’s Disease or rare cancers. Now, new genetic tests called “polygenic risk scores” have increased access to genetic risk information for a wide range of conditions.

2019-7-27 10:00	Tech
genetic scores risk testing access conditions misleading

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Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners

Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the grid.

2019-6-26 00:30
grid consumption bitcoin blames iranian electrical mining

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Bitcoin: After Breaking Above $9k, Analysts Expect Several Years of Positive Price Action

Several days ago, Bitcoin incurred a massive influx of buying pressure that sent it surging past its previous resistance levels that existed around $9,000. In the time since, however, BTC’s bulls have not been able to push it towards the ever-so-important $10k level, which may signal that it will face increased selling pressure in the.

2019-6-19 03:00	Crypto
several bitcoin price positive action pressure analysts

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Bitcoin Price Still Massive 75% Away From Next Bull Peak, Squeals Analyst

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2019-6-1 14:22	Bitcoin
bitcoin next price away massive cycles historical

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Bitcoin as healthy as ever as the network hits all-time high mining difficulty

Bitcoin is having a very good week – both in terms of price and the stability of its blockchain. Shortly after surging past $9,000 to hit its highest price for 2019, the cryptocurrency‘s mining difficulty increased by 11.

2019-5-31 13:30	hard fork
bitcoin difficulty network trillion healthy continues highest

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With BTC Emphasis, Genesis Capital Reports $425 Million Originations in Q1

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2019-4-26 21:14	Investing
lending percent 2018 firm million market report

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Report: Cryptocurrency ransomware payments up 90%, thanks to Ryuk

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2019-4-18 16:00	hard fork
ransomware cryptocurrency report percent attackers quarter according

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WINBIX ICO

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2019-4-15 06:03
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Bitmain Announces Antminer s17 Date: Can It Turn the Company’s Fortunes Around?

Cryptomining manufacturer Bitmain has revealed the release date for its next-generation Antminer S17 series. The S17 set of miners includes the Antminer S17 Pro, Antminer S17 and the Antminer T17.

2019-3-30 23:28	Mining
s17 antminer bitmain bitcoin mining miners expected

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Report: 70% of UK Residents Don’t Know What Crypto Is, What Does This Say About Adoption?

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2019-3-11 22:30	Crypto
crypto adoption report don say residents know

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BNB Nears All Time High in Market Cap, Overtakes Tether

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2019-3-8 18:48	#tokens
bnb market cap time million nears overtakes

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Moonday Mornings: Banks hate Malta, crypto CEO crashes Lambo

It’s Monday, which means it’s time for a roundup of the weekend’s cryptocurrency and blockchain news. Here’s Moonday Mornings. 1. Japan’s Financial Services Agency is reporting a 36 percent drop in the number of cryptocurrency related inquiries in the fourth quarter of 2018 compared to the previous quarter, Brave New Coin reports.

2019-3-4 12:49	hard fork
cryptocurrency inquiries financial 2018 number related quarter

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Japan Police: 98.3% of Money Laundering Cases Don’t Involve Cryptocurrency

Japan’s National Police Agency (NPA) say cases of suspected money laundering reportedly linked to cryptocurrency increased by 900 percent in 2018 when compared to the previous year. However, this still comprises only 1.

2019-3-1 22:00
money laundering cryptocurrency cases japan police suspected

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Crypto Money Laundering Cases in Japan Dramatically Shoots Up 10-Fold

Suspicious financial transactions filed by Japan-based cryptocurrency exchanges increased ten times over the previous year, according to the National Police Agency. The central enforcement body said Feb 28 that 7,096 out of the total 417,465 suspected money laundering cases mentioned the use of cryptocurrencies in 2018.

2019-2-28 16:41	Japan
cases money crypto laundering agency transactions shoots

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Is It Time to Take an Initiative to Decrease Bitcoin’s Block Size Seriously?

Whilst debate raged throughout the Bitcoin community over whether the block size limit should be increased and how, Luke-jr for years stood out for arguing the exact opposite position.

2019-2-15 19:18	Technical
bitcoin users size block luke-jr node limit

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Bitpay Reports Processing Over $1 Billion Transactions in 2018

Popular cryptocurrency payment processor Bitpay has released figures showing that the company maintained strong performance during 2018, despite the downturn in the market. For example, while other ventures had to downsize recently, Bitpay’s staff increased by 78 percent from the previous year.

2019-1-17 12:55
bitpay 2018 processing reports transactions billion launches

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Bitcoin trading volume is 2.5 times larger than last year

Bitcoin’s trading volume increased significantly compared to the previous year. The total number of Bitcoin traded in 2018 is estimated at 2. 2 trillion US dollars. Last year, on the other hand, this figure was “only” 870 billion dollars.

2018-12-6 16:33	Crypto Journal
year bitcoin volume trading times larger dollars

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How Crypto Exchanges Remain in Profit Irrespective of market downtrend

The level of cryptocurrency awareness has increased a lot when compared to previous years. Some of the factors that have contributed to it include last year crypto bubble, government awareness programs on the high risk of investing in it, wider private firms participation and interest of schools to run classes in it.

2018-11-22 17:06	Exchanges
crypto awareness market remain exchanges profit irrespective

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Bitcoin Price Analysis: Another Red Day Pushes BTC Into Deeper Support Test

Bitcoin has tumbled again today as the market continues to see further downward movement shortly after breaking two areas of market support. So far, bitcoin is down 15% on the day — 25% in 1 week:Figure 1: BTC-USD, Daily Candles, Downward ContinuationThis drop below support is starting to display hallmarks of market capitulation.

2018-11-20 02:27	Investing
bitcoin support market downward retracement macro figure

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Negative CPI Report Causes Bitcoin Market Cap To Lose $15 Billion In 10 Minutes

For the month of June 2022, the US Bureau of Labor Statistics published its Consumer Price Index. The Negative CPI was found to be 9. 1%, the largest inflation increase in the US in the previous 40 years.

Ethereum: Proposed ETH Inflation Rate is Lower Than That of Post-Halving Bitcoin

Ethereum Inflation Rate Could Plummet (And That’s Good) OK, let’s set the record straight: cryptocurrencies, be it Bitcoin, Ethereum, or otherwise, often sport inflation rates. Save for some select cryptocurrencies, the growth of Bitcoin’s supply.

2022-7-14 02:17

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