In March, the latest consumer price index (CPI) data released by the government showed a 2.8% rise. This increase is against the backdrop of spring 2021. This deceleration offers encouraging signs after recent concerns that inflation had become entrenched and wouldn't fall back to the Federal Reserve's target. Though overall...
As March 21 came and went, the entire cryptocurrency market was largely shaken by the recent collapse. Traders were quick to take profits after Bitcoin retraced from the $87,000 area. The overall capitalization of the market dipped 2.5%, falling to just under $2.75 trillion. The outcome of the Digital Asset...
Bitcoin's recent performance has sparked debate about the future of its bull run, with one key investment index signaling potential bearish conditions. As a result, our Bull Score Index has dropped to lows we haven’t seen since 2023. This recent decrease, a mirror to the entire investment landscape for Bitcoin,...
Bitcoin price unlikely to breach $77k threshold anytime soon. Now, analysts are seeing a pronounced shift in market sentiment as they forecast the end of quantitative tightening (QT). Comments from the Federal Reserve signaling a potential slowdown in QT have sparked a wave of optimism in the crypto market. The...
Bitcoin has if anything been showing a lot of renewed strength as it breaks important technical downtrends and reclaims key moving averages. This positive momentum coincides with concerns over the Federal Reserve's cautious economic outlook, adding a layer of intrigue to Bitcoin's resurgence. Bitcoin Breaks Key Downtrends All this comes...
On March 25, IMX, the token associated with crypto gaming platform Immutable, jumped more than 15%. It got as high as almost $0.74 at the peak of this spectacular run. All this growth came just a week or two after Immutable’s announcement that the SEC had finished its inquiry and...
Since that initial effort, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) has been pretty busy adding 80 organizations to its “entity list.” Over half of these folks are based in China. This move prevents US firms from shipping technologies to these groups without government licenses. The...
Ether is on track to have its worst Q1 since 2018. This bearish move has sent XEN to its lowest ETH/BTC ratio since May 2020. The overall cryptocurrency market was in a downtrend since the beginning of the year. Even with this bear market, many cryptocurrency observers are bullish on...
Ellen Pompeo, star of the long-running medical drama "Grey's Anatomy," revealed the pivotal role Shonda Rhimes played in securing her $20 million-a-year contract. Pompeo discussed her journey to achieving financial independence and advocating for other women in a recent appearance on the "Call Her Daddy" podcast. The actress emphasized the...
23andMe, the California-based personal genomics company, has today made a formal Chapter 11 bankruptcy protection filing. This decision deepens uncertainty about the long-term fate of its extensive genetic database. The company has faced recent and unprecedented scrutiny by the public for its data privacy practices. Now, as part of the...
Bitcoin now stands at a historic crossroads. This price is right around the cost basis for short-term whales and hyperactive addresses. When looking at Bitcoin’s position locally/historically, there are high odds at a major rally. Stay tuned for more thrilling news in the next few months! Notable levels like this...
Bitcoin made an intraday high of $88,752 on March 24 only to find itself unable to make a clear higher high since that date. Per IntoTheBlock’s latest analysis, this could be the result of Bitcoin whales opening up short positions at the $88,000 price mark, blocking any more upward momentum....
GameStop announced its board of directors has unanimously approved a plan to purchase bitcoin using the company's corporate cash reserves. This move, similar to MicroStrategy's well-known bitcoin investment strategy, comes as investors celebrate GameStop's positive fourth-quarter results. The announcement triggered a rapid spike in the company’s stock. It surged over...