Was Chainlink’s (LINK) 35% rally just a buy rumor, sell the news event? Chainlink (LINK) rallied over 35% in September 2023, outperforming most other cryptocurrencies. However, the rally has since fizzled out, leading some to speculate that it was simply a “buy the rumor, sell the news” event. What is Chainlink? Chainlink is a decentralized…
Inflation and War Impact Markets, but Paul Tudor Jones Says, ‘I Love Bitcoin and gold’ Inflation and war are impacting markets around the world, but billionaire investor Paul Tudor Jones says he still loves Bitcoin and gold. Jones is known for his successful track record in the financial markets, and his comments are likely to…
Bitcoin Faces Elevated CPI, with BTC Price Tackling $26.8K Focal Point Bitcoin (BTC) is facing elevated CPI, with the latest data showing that inflation in the United States rose to 7.9% in February, the highest level since 1982. This has put downward pressure on the BTC price, which has fallen from its all-time high of…
Did SBF really use FTX traders’ Bitcoin to keep BTC price under $20K? Sam Bankman-Fried (SBF), the founder and former CEO of FTX, is accused of using FTX traders’ Bitcoin to keep the BTC price under $20K. This allegation is based on testimony from Caroline Ellison, the former CEO of Alameda Research, a company affiliated…
Inflation and war impact markets, but Paul Tudor Jones says, ‘I love Bitcoin and gold’ The global economy is facing a number of challenges, including high inflation and the ongoing war in Ukraine. These factors are having a significant impact on markets, with stocks, bonds, and other assets all experiencing volatility. However, some investors are…
Was Chainlink’s (LINK) 35% rally just a buy rumor, sell the news event? Chainlink (LINK) rallied over 35% in September 2023, outperforming most other cryptocurrencies. However, the rally has stalled in recent weeks, and the price has fallen back to around $8.00. Some analysts believe that the Chainlink rally was simply a “buy the rumor,…
Why is the crypto market down today? The cryptocurrency market is down today, October 12, 2023, for a number of reasons. These include: The US Federal Reserve’s aggressive interest rate hikes. The Fed has raised interest rates by 300 basis points this year in an effort to combat inflation. This has led to a sell-off…
Price analysis 10/11: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON, DOT, MATIC The cryptocurrency market has been relatively subdued in recent weeks, with most major coins trading in a narrow range. However, there have been a few notable exceptions, with some altcoins showing signs of strength. In this article, we will take a look…
Bitcoin hits 2-week low on US inflation data — When will BTC price bounce? Bitcoin (BTC) hit a two-week low on October 11, 2023, after the release of US inflation data. The data showed that inflation rose to 8.2% in September, the highest level since 1981. The rise in inflation is a negative sign for…
Bitcoin ‘death cross’ sees BTC price dip $1K, erasing ‘Uptober’ gains Bitcoin (BTC) has seen a significant price drop in recent days, falling below $27,000 on October 11, 2023. This comes after the cryptocurrency formed a “death cross” on its daily chart, a technical indicator that many traders believe signals a bearish trend reversal. What…