Cryptocurrency

By pointing to increasing momentum in China’s economy and a rebound in aviation, Morgan Stanley has increased its projection for this year’s global oil demand growth by approximately 36%. But, it has also noted greater production from Russia as an offsetting factor. The bank stated in a report dated Tuesday …

Investors liquidated about $60 million of BTC short positions over the past 24 hours, pushing the price higher Wednesday, data shows. Ether also climbed. Bitcoin price chart showed the cryptocurrency’s price jump on Wednesday. Bitcoin bolted past $24,000 for the first time in two weeks after surging more than 8% …

The US Bureau of Labor Statistics reported on Tuesday that inflation in the United States, as measured by the Consumer Price Index (CPI), declined to 6.4% on a yearly basis in January from 6.5% in December. This reading came in higher than the market expectation of 6.2%. On a monthly …

Ethereum price trades in a very small range and seems to have only one element that could help avoid a small meltdown.Tuesday’s US inflation figure is expected to be the catalyst for the crypto asset. Ethereum price sees a pressure mountain around $1,490 with the monthly pivot for February under …

Wall Street brokerage Cantor Fitzgerald has been supervising Tether Holdings’ $39B Treasury bond portfolio according to the Wall Street Journal. Hong Kong-based Tether is the issuer of stablecoin tether (USDT-USD), the world’s most traded digital token with a market cap of $68.2B.The news followed Tether’s attestation report Thursday showing its …

Based upon the “ongoing very cold crypto-winter,” the Peer-to-peer Bitcoin exchange LocalBitcoins announced it will stop operation beginning Thursday. LocalBitcoins, is looked upon as one of the earliest and most popular Bitcoin exchanges. The service and business will stop after more than ten years of operation. The platform also said …

Fed Chair Jerome Powell tends to stick to the scenario of ‘ongoing rate increases will be appropriate’ as inflation is still as twice as big as the US 2% target. The next CPI report might not have so much love for Wall Street, despite its release on Valentine Day Tuesday …

Bitcoin prices touched their highest since mid-August last night. Bitcoin prices even climbed last night, surpassing $24,000 and rising to their loftiest value since mid-August.The world’s most prominent digital currency reached $24,243.80 around 8 p.m. EST, according to CoinDesk data. At this point, the cryptocurrency had climbed over 6% in …

Bitcoin price lost over 2% during Monday’s European trading on the back of stronger Spanish inflation amid a seemingly volatile week that kicks off with surprise Spanish inflation data. Markets predicted a drop from 5.7% to 4.97%. Instead, inflation jumped to 5.8%. The said reading confirms what central bankers have …

Bitcoin rallied more than 37% in the first month of the new year. The famous cryptocurrency is expected to have January as its best monthly return since October 2021.Analysts pointed to the weaker US dollar, inflation expectations, and institutional buying support catalyzing this rally. The fading impact from squeezed short …