Eurozone Inflation Receding and Now Pegged at 10%

Coinspeaker Eurozone Inflation Receding and Now Pegged at 10% The cost of living crisis was a major challenge for the region this year as it attempted to bring down energy costs. Eurozone Inflation Receding and Now Pegged at 10%

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5 reasons 2023 will be a tough year for global markets

From inflation to energy shortages and general instability, markets are set for a turbulent year ahead.

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Ethereum recovers above 200-day MA. Here is the next price target

How long can Ethereum (ETH/USD) stay in the bear market? Not easy to answer, especially since it remains to be seen how the Federal Reserve will act to tame sky-high inflation. However, one thing we are sure of is that the accelerated selloff witnessed earlier this year is weakening.

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Oryen, Holo, Loopring, And Helium Best ROI In 2022

Not all cryptocurrencies are made equal. While rising inflation, trade wars, and other macroeconomic factors have contributed toward a bearish crypto market, a few projects have shown bullish sentiment this year.

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Blockchain technology has big plans, despite bloodbath in the markets

This year has been a turbulent one in crypto markets, with prices dropping in line with the plummet in asset prices across the board.   A combination of runaway inflation and political pressure has forced the Fed to eventually turn hawkish, with the rise in interest rates deflating earning expectations and pulling down the stock market.

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How Persistent U.S. Inflation Has Major Consequences for Global Markets

The CPI in the U.S. was 8.2% in Sept, leading to fears that the Fed's efforts to lower inflation will continue to the year's end. The post How Persistent U.S. Inflation Has Major Consequences for Global Markets appeared first on BeInCrypto.

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Bitcoin Sinks After US CPI Report Shows Inflation Hotter Than Expected

The "core" Consumer Price Index, seen as a more steady indicator of inflation, rose 6.6% from a year prior – a four-decade high.

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Bitcoin P2P Trading Volume Jumped 40% in the Philippines This Past Year

P2P Bitcoin trading volume in the Philippines has increased by 40% year-over-year. High inflation rates could be behind the trading. The post Bitcoin P2P Trading Volume Jumped 40% in the Philippines This Past Year appeared first on BeInCrypto.

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Crypto in everyday life including travel documentation and visas

The global financial crisis in the past year or so has resulted in a spike in crypto adoption around the world. Cryptocurrencies have shown great potential of being an effective solution for inflation despite the effects of the current macro environment.

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Buy Oryen (ORY), Cosmos Hub (ATOM) And Cronos (CRO) To See Massive Profits By 2023

Cryptocurrency investors are not having the best year. With inflation and other macroeconomic factors, the crypto market has been bearish. However, investors can start profiting again in 2023. The solution? Invest in crypto projects that are projected to see massive profits next year.

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Canadian PM Justin Trudeau says investing in crypto is not an escape from inflation

Canada's inflation rose to 40-year highs this year while Bitcoin's price plummeted in the same period.

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Canadian Prime Minister Justin Trudeau Attacks Opposition for Recommending Bitcoin as Inflation Hedge

The main opposition leader Pierre Poilievre propounded bitcoin as an inflation-beating asset early this year.

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Bitcoin Tops $20K as Inflation Expectations Slide, Hopes for 2023 Rate Cut Persist

ING expects a rate cut in June 2023 followed by further easing in the second half of the year.

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Research: The European sovereign debt crisis 2.0

Despite their best efforts, European countries’ governments have so far been unable to curb inflation this year. The post Research: The European sovereign debt crisis 2.0 appeared first on CryptoSlate.

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First Mover Asia: Bitcoin Hovers Over $21K in Weekend Trading; India Crypto Industry's Challenging Year

High German inflation and ongoing macroeconomic uncertainty raised market anxieties. Investors will be eyeing comments by Fed Chair Jerome Powell at a central bank symposium in Wyoming.

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Bitcoin, Ether Drop as Analysts Fear Fed Minutes Will Dash Hopes for 2023 Easing

Risk assets recently rallied in hopes that inflation has peaked and the Fed would cut interest rates next year. The central bank's tightening cycle roiled cryptocurrencies early this year.

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Anti-Inflation Cryptos To Watch Out For – Cardano And Dogeliens

Have you ever questioned why the cost of various goods increases during certain seasons of the year or over time? That slow shift sneaks up on you as you strive to buy new items every few days. It happens every time there is a transaction involving purchases, trades, or currencies and is known as inflation. […]

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Cutting-Edge Countermeasures to Hyperinflation: Adirize DAO, Cardano, and Ethereum

The crypto market experienced a significant crash compared to the previous year. The reason for this was the FED’s interest rate decisions and global hyperinflation. Many individual and institutional investors started turning to stablecoins to protect against increasing inflation.

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Solana price prediction: Here’s why SOL will trade above $50 soon

Solana (SOL/USD) price rebounded on Thursday as investors reflected on the latest US consumer inflation data. It rose to $45. 07, which was the highest point since July 30th of this year. This price is about 71% above the lowest level in June this year, bringing the total market cap to over $15.

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Inflation Probably Slowed in July, but Not by Enough to Trigger Crypto Bull Run

"The bottom line is that we still see upside risks to inflation and policy pricing over the next few months," said economists for the Wall Street firm Goldman Sachs. Fed rate hikes have roiled crypto markets this year.

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Americans See Inflation Plunging Next Year, New York Fed Survey Finds

Respondents to the New York Federal Reserve survey expect inflation to run at 6.2% in 2023, which is down from last month’s survey.

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Bank of England Raises Interest Rate by Most Since 1995

The Bank of England has raised interest rates by 50 basis points to 1.75%, its biggest single increase since 1995, amidst concerns that U.K. inflation will be significantly above 10% next year.

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Red Hot Inflation Tumbles Ethereum By 5%

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.

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Turkey Embraces Bitcoin as Inflation Hits 24 Year High

Turkey’s inflation rate has hit its highest level in 24 years, with the annual inflation rate now at 78. 62%. The Turkish Statistical Institute published the figure, with the monthly increase being 4.

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Ethereum (ETH) Bends Toward $1,000 As Doubt Fills Crypto Markets

Ethereum (ETH) traded in tandem with risky assets on the final session of the first half of the year, due to persisting fears of greater inflation and rising interest rates. Some analysts say this might set the stage to more decreases heading into the third quarter.

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DeVere Group CEO Predicts A BTC Bull Run In Q4, In Contrast To Peter Schiff’s Gloomy Forecast

The big boss of Devere Group believes in the potential of Bitcoin as a hedge against inflation, despite the ongoing chaos in the crypto market. Devere Group CEO Nigel Green forecasts that the price of bitcoin will experience a “substantial bounce” in the fourth quarter of this year. “I believe that a bull run will […]

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Billionaire Stanley Druckenmiller Says He Would Rather Own Bitcoin as Recession Beckons

American billionaire investor Stanley Druckenmiller warned the U. S. economy will slip into recession next year, and said that he would rather "own more bitcoin (BTC) than gold" amid rising inflation.

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Fed Chair Powell’s Hawkish Stance on Inflation Could Hurt Crypto

On Monday, the Fed Chair gave what was seen as one of the most hawkish speeches yet, announcing more rate increases this year. For crypto, this could mean falling prices.

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Demand For Bitcoin, Ether Increases As U.S. Inflation Rate Accelerates To A 40-Year High

The increasing inflation in the US continues to push serious concerns. According to the latest data, the Consumer Price Index (CPI) has reached the level of 7. 5% per year, indicating the highest inflation rate since February 1982.

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P2P payments spurred crypto adoption across Venezuela in 2021

Venezuelans tried to fight inflation this year by using cryptocurrencies on an unprecedented scale in the country.

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Bitcoin fails to get past $44K and loses 4% due to accelerating inflation rate

This year started with a market plunge that saw the majority of cryptocurrencies like… The post Bitcoin fails to get past $44K and loses 4% due to accelerating inflation rate appeared first on Coin Journal.

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Bitcoin Steadies Above $45k, US Inflation Comes In At 7.5% Year Over Year

Bitcoin price recovered to within $45k after sliding below $44k as analysts indicated probable swings for the flagship cryptocurrency. The release of US inflation rates seems to have had no effect on the king cryptocurrency.

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“Transitory” U.S. inflation hits 7.5% in January, 40 year high

The United States inflation rate year-over-year, or the Consumer Price Index for All Urban Consumers (CPI-U) to be precise, increased 0. 6% in January on a seasonally adjusted basis, the United States Bureau of Labor Statistics reported today.

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Investors Expect Sharp Inflation Pullback

Investors are expecting inflation to be halved to 3.5% this year, and pricing for commodity prices to edge lower.

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Sweden’s inflation rate at a 29 year high, “transitory”

Inflation is on the rise in many parts of the world.

The post Sweden’s inflation rate at a 29 year high, “transitory” appeared first on CryptoSlate.

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Professor At Elon Musk’s Alma Mater On Why Bitcoin Is The New Gold For Millennials

A Wharton professor believes Bitcoin is now preferred as a long-term investment by young investors to gold.   2021 was not the best year for gold as it struggled in its role as a hedge against inflation.

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Bitcoin is new gold for millennials, Wharton finance professor says

Gold disappointed investors in 2021 as a traditional hedge against inflation, seeing its worst year since 2015.

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More billionaires turning to crypto on fiat inflation fears

The number of billionaires who have invested in crypto increased last year, and that trend could continue into 2022 as fears over fiat intensify.

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Brock Pierce says Bitcoin price could rally to $200K next year

The Bitcoin Foundation chairman suggests inflation and insatiable appetite by governments to print fiat… The post Brock Pierce says Bitcoin price could rally to $200K next year appeared first on Coin Journal.

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Highlights from 2021: The Year of Crypto

2021 will be remembered as a year when we defied the odds.  We lost hope in traditional financial systems that failed us for decades. We just couldn’t see it. With the pandemic and collapse of institutions, it has become crystal clear that inflation is not so “transitory,” and monetary policies of governments are not suited […] The post Highlights from 2021: The Year of Crypto appeared first on ItsBlockchain.

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Deflationary Crypto Assets Perform in 2022 Amid Inflation Woes: Bloomberg Outlook

Analysts at Bloomberg have eyed deflationary crypto assets such as Ethereum as maintaining bullish momentum throughout the upcoming year. The post Deflationary Crypto Assets Perform in 2022 Amid Inflation Woes: Bloomberg Outlook appeared first on BeInCrypto.

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Analyst: 'Deflationary forces' present an optimistic outlook for BTC, ETH in 2022

Consider the hypothesis: deflation could swap inflation next year. Well, if that's the case, cryptocurrency can prevail over other asset classes. This is the hypothesis based on which Bloomberg IntellThe post Analyst: 'Deflationary forces' present an optimistic outlook for BTC, ETH in 2022 appeared first on AMBCrypto.

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Allocate to Cryptocurrencies to “Beat Inflation” And For “Hypergrowth” in Portfolio, says Strategist

Meanwhile, the traditional safe haven asset gold is down 1.82% YTD after hitting new ATH last year, which was also just an 8% increase from the 2011 peak. The post Allocate to Cryptocurrencies to “Beat Inflation” And For “Hypergrowth” in Portfolio, says Strategist first appeared on BitcoinExchangeGuide.

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Bitcoin still needs 'this' to strengthen its inflation hedge narrative

Bitcoin, after facing a rather dramatic week, registered a quick comeback on the charts and was trading at $65,909, at press time. Over the past year, the crypto has recorded 311.43% ROI v. USD for itThe post Bitcoin still needs 'this' to strengthen its inflation hedge narrative appeared first on AMBCrypto.

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Assessing if Litecoin’s position as an inflation hedge can push it to $500

Litecoin, over the past year or so, has been gradually pushed out of the list of top-10 coins ranked by market cap. As expected, newer coins soon gained traction on the charts. Over the last few mThe post Assessing if Litecoin’s position as an inflation hedge can push it to $500 appeared first on AMBCrypto.

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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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Why is this could be a 'decent time' for Bitcoin investors to take profit

Increased demand from institutional, corporate, and more recently retail investors has powered Bitcoin’s surge this year. Some investors view bitcoin as a hedge against inflation amid enormous monetThe post Why is this could be a 'decent time' for Bitcoin investors to take profit appeared first on AMBCrypto.

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Billionaire Thomas Peterffy Reveals He’s Been HODLing Bitcoin For Over 3 Years

The pattern of traditional billionaires buying huge amounts of Bitcoin without making it public has been reoccurring for the last few years. There was a significant inflow of traditional billionaires to the Bitcoin market, following the intensity of inflation from last year.

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Rising Inflation Could “Destabilize” Stablecoins And Bring Crypto Industry Down — Coinbase CEO In Search Of Solution

In the US, inflation has been on the rise throughout the entire year. Just last month, the consumer price index (CPI) rose by 0. 3%. While this has been quite a decline compared to April and May when prices rose by 0.

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Almost Two Million ETH Might Be Burned In Next Year According to Calculation

Ethereum has a long road to becoming a deflationary asset, but we can already see a significant inflation drop right after the EIP-1559 update

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