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Sell-off reflects movements in other risk-on assets and coincides a 9% decline in the tech-heavy Nasdaq-100
Lower-than-expected inflation for July was well received by markets and pushed bitcoin price up to 2-month highs
July marked a month of reconciliation following June's price decimation and, with cautious optimism in mainstream markets, the outlook for August is hopeful
Bitcoin unable to hold value as widespread uncertainty sets in across markets ahead of FOMC meeting
Positive momentum comes despite BLS announcement that CPI in the USA had reached new 40-year high
Latest inflation reading will give indication on how effective the Fed's deflationary measures have been — and whether they will need to ramp up
Crypto investors fearful of contagion following on-going meltdowns of over-leveraged borrowers: reports suggest several exchanges face losses
14 day average hashrate falls as the network continues adjusting to the prevailing economics of bitcoin mining
Central banks continue to wage war on inflation, last week the Fed increased its base interest rate by the biggest single hike in 28 years
BTC price fell 16%, leaving it at a level not seen since December 2020. This marks the complete reversal of all the monumental gains earned during the 2021 bull-run.
Yesterday evening's sharp decline mirrored that of Wednesday last week as hard-fought positive momentum was halted.
After suffering 9 consecutive weeks of losses for the first time in its history, bitcoin is up around 8.3% week-on-week.
A subdued bitcoin sees its value at $29.2k after trading around the $30k mark for the week.
The price of bitcoin fell as low as $25.4k late last week as markets continue to adjust to the new monetary policy landscape.
BTC dropped below $30k yesterday for the first time since July 2021 and is currently trading hands at $31.8k.
Currently trading at $38.5k, BTC has spent most of the past 7 days within the $38-40k range.
BTC price is down 3.3% this week, despite testing $40k multiple times.
This week has brought on a sea of red as crypto prices fell across the board.
Bitcoin has largely held firm this week, consolidating March gains, trading hands at $46.6k — down a modest 2% week-on-week
Sunday saw Bitcoin jump 5% in a matter of hours capping off a week of slow-but-steady momentum.
After a week of slow-but-steady momentum, analysts point to growing spot market demand as the driver of Sunday's sharp price appreciation.
Last week the EU voted against a ban on PoW cryptomining, a move that came as a relief to Europe's burgeoning bitcoin mining community.
Markets have been subdued of late and all eyes are currently on the Fed in anticipation of 2022's first rate hike, 25 basis points expected, set to be announced in Wednesday's meeting.
The spectre of supply-side shocks marks a compelling distinction between traditional physical commodities and so-called digital commodities.
For residents of both Russia and Ukraine, switching savings into bitcoin is a quick and censorship-free means of preserving wealth.
Risk assets are down across the board as the fears held by many geopolitical commentators edge closer to reality.
Hopefully, the ensuing economic fallout, not to mention dire human cost, is enough to dissuade the major players from escalating.
BTC’s inflation-hedge narrative may be winning out against its risk-on classification in the minds of institutional investors.
7 days of relief for investors as asset values have rebounded slightly since last week’s correction.
Many fear that even following large corrections over the past month, risk assets are still overpriced and sliding stock markets will likely drag crypto down with them.
Markets digest prospective US Federal Reserve rate hikes, with money flowing out of risk-on assets into safe-havens.
Meeting minutes revealed the looming spectre of monetary policy tightening, most notably higher than anticipated interest rate hikes.
What does 2022 have in store for crypto’s largest token? Many analysts expect institutional buy-in to continue driving prices.