Bitcoin Rises as US Inflation Jumps to New High of 6.8% in November After 39 Years
The U.S. Labor Department’s Consumer Price Index (CPI), closely tracked by bitcoin traders, rose 6.8% in the 12 months through November, the highest since May 1982. Bitcoin jumped 2% in the minutes after the news. "The Hash" panel explains the impact of inflation on the global economy and what it means for the crypto market.
VanEck Exec.: ‘2021 Was the Year of Smart Contracts’
Bitcoin is climbing back up after suffering a steep sell-off Thursday. VanEck Head of Digital Assets Matthew Sigel shares insights into the bitcoin price movement and gives his bitcoin price outlook for the end of the year.
Bitcoin Dominance Approaching Lowest Level Since June 2018
New data reveals bitcoin’s dominance is nearing a record low to levels not reached since June 2018. Meanwhile, ether’s dominance continues to climb higher. What are the potential factors explaining ETH’s upward trajectory? “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Arca CIO: ‘Bitcoin Could Go 1000% or 10x From Here’
Bitcoin continued to struggle below the $50,000 resistance level Thursday and is down about 6% over the past 24 hours. Arca CIO Jeff Dorman discusses why he still remains a bullish outlook, adding “bitcoin could go 1000% or 10x from here.”
What’s Driving Bitcoin Lower?
Bitcoin buying activity remains weak despite several oversold signals on the charts. Prime Trust Chief Financial Officer Rodrigo Vicuna discusses his take on the potential catalyst behind BTC’s short-term downtrend and the possible impact of mining on price movements. Is a “Santa Rally” still possible?
Crypto’s Carbon Footprint Could Hinder Adoption: Deutsche Bank
“Mining just one bitcoin consumes a larger carbon footprint than nearly 2 billion Visa transactions,” the bank said.
Chainalysis Blockchain Data Platform to Integrate Lightning Network
Chainalysis clients will be able to allow BTC deposits and withdrawals on the Lightning Network while complying with regulations.
Tether, SHIB Compete With Bitcoin in Inflation-Ridden Turkey as Lira Tumbles
Bitcoin’s perceived role as an inflation hedge is competing with altcoin speculation and U.S. dollar exposure through tether.
