Bitcoin and the broad cryptocurrency market sold off for the second consecutive day on Thursday with fears over inflation and continued rate hikes resurfacing. LedesmaLyllah reports in First Mover Americas
Bitcoin and the broad cryptocurrency market sold off for the second consecutive day on Thursday with fears overThe U.S. House of Representatives passed the debt ceiling deal Wednesday night and the bill now moves to the Senate for its approval. Bitcoin was down 1% on the day to $26,800 and has lost more than 6% over the past month. While new eurozone data showed that inflation fell more than expected to 6.
1% in May from 7% in April, European Central Bank President, Christine Lagarde signaled that additional interest rate rises are needed. “We need to continue our hiking cycle until we are sufficiently confident that inflation is on track to return to our target in a timely manner,” she said in a speech on Thursday.is reaping the benefits of staying in Canada after rivals such as Binance and OKX set withdrawal plans.
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First Mover Americas: Bitcoin on Track for First Monthly Loss of the YearThe price of bitcoin rallied to over $28K over the weekend after the debt limit deal, but is still set to post its first monthly loss of 2023. LedesmaLyllah reports
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First Mover Americas: Bitcoin Slumps Back to $27K on Fed WorryBitcoin dipped 3% on Wednesday after a top Federal Reserve official said there's no compelling case to halt liquidity tightening. LedesmaLyllah reports in First Mover Americas
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Bitcoin, Ethereum Technical Analysis: BTC Back Above $28,000, as ‘Death Cross’ Approaches – Market Updates Bitcoin NewsBitcoin was once again trading above $28,000 on Tuesday, as the 10-day and 25-day moving averages neared a death cross.
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Ordinals Inscriptions on Bitcoin Surpass 10 Million, Fueling NFT and Token Boom – Bitcoin NewsThe Bitcoin blockchain reached a significant milestone this week as the total number of Ordinal inscriptions exceeded 10 million.
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Binance Australia Users Selling Bitcoin at Discount Ahead of AUD Withdrawals Halt – Exchanges Bitcoin NewsCustomers of Binance Australia were trading bitcoin and other cryptocurrencies at lower prices than those on other platforms on Tuesday.
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Tether Expands: Stablecoin Issuer Announces Sustainable Bitcoin Mining Project in Uruguay – Mining Bitcoin NewsThe stablecoin issuer Tether said it believes Uruguay is the ideal location for bitcoin mining production.
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