Topic: consumer price inflation

Bitcoin inches up BTC traders flip bullish on the back of positive CPI data

Bitcoin inches up as BTC traders flip bullish on the back of positive CPI data

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Bitcoin resumed its uptrend nearing $47,000, as bullish daytraders swapped the US dollar for the cryptocurrency en-masse. Buyers assessed the diminishing rate of consumer price rise in the United States and Bitcoin’s oversold conditions to place long bids on the BTC/USD pair. As a result, prices rose 6% from $44,154 to $46,823 on Tuesday.

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ethereum eth looks at more losses

Ethereum is looking at a 15% ETH crash according to this technical setup combo

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Ethereum’s native cryptocurrency token, Ether (ETH), fell prey to another market-wide selloff. It slipped below the $2,000 and $1,900 price levels, sparking renewed bearish sentiment. A combination of technical setups points to further losses ahead for the second-largest cryptocurrency.

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Bitcoin worth $2bn sitting in Apple vaults? Social media says so

Bitcoin worth $2bn sitting in Apple vaults? Social media says so

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Social media is flooded with rumors about Apple being the next big tech to invest in Bitcoin. While this may be just another tall tale, the company may benefit from buying the crypto.

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bitcoin btc bullish

Bullish cues for Bitcoin as central banks up gold buying on inflation fears

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Inflation is here to haunt us all. But central banks have figured out a way to deal with the persistent devaluation of their national currencies. It is the classic move of buying more gold. So major central banks across Europe and Asia are filling up their yellow metal coffers en-masse.

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Bitcoin and the morning after Fed rate hike news

Bitcoin and the morning after Fed rate hike news

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Bitcoin fell as the Federal Reserve blinked for the first time against the fears of rising inflation rates at the end of its monthly policy meeting that concluded on Wednesday.

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paul tudor jones will buy bitcoin again

Billionaire hedge fund manager backs Bitcoin as his inflation trade

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Jaipur (CoinChapter.com) — The Federal Reserve going easy on the rising consumer prices will boost bullish sentiment on every inflation trade, including bitcoin, said billionaire hedge fund manager Paul Tudor Jones. If Fed’s cool with inflation… In the latest interview with CNBC, Mr. Jones said he would be keeping a close watch on the upcoming […]

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