Bitcoin decides that bad news is not bad enough as upside volatility accompanies proof that U.S. inflation remains sticky.
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Bitcoin nears $27K despite ‘hot’ PCE data sparking June rate hike bets
Bitcoin (BTC) made snap gains at the May 26 Wall Street open as United States macroeconomic data delivered a nasty surprise.
BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewBitcoin shrugs off new U.S. inflation woes
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $27,000 on Bitstamp.
The pair rose unexpectedly after the day’s Personal Consumption Expenditures (PCE) data showed its first rises since October 2022.
Such a reading should present a headwind for risk assets, including crypto, as it implies that inflation remains persistent and that more financial tightening may be required to tame it.
“This is a major setback to the Fed’s fight against inflation,” financial commentary resource The Kobeissi Letter wrote in part of a response.
Binance and Gulf Innova to launch crypto exchange in Thailand in Q4 2023
Binance and its Thai partner Gulf Innova have secured digital asset operator licenses in Thailand to launch a new crypto exchange.
Binance and Gulf Innova to launch crypto exchange in Thailand in Q4 2023
Binance and its Thai partner Gulf Innova have secured digital asset operator licenses in Thailand to launch a new crypto exchange.
EU regulator urges crypto firms to disclose regulatory status of products
ESMA reminded investment firms that crypto will remain unregulated in most jurisdictions despite the upcoming adoption of regulations.
No ETH to trade? Ethereum exchange balance drops to a 5-year low
The ETH balance decline began in September 2022, which saw a significant spike in November-December 2022 post-FTX downfall.
No ETH to trade? Ethereum exchange balance drops to a 5-year low
The ETH balance decline began in September 2022, dropping significantly in November and December after the downfall of FTX.
Bitcoin reaches 'decision point' — 4 BTC price metrics to watch
Bitcoin bulls are sitting on their hands, but need to combat short-term sellers rapidly losing profitability, Glassnode warns.
Bitcoin reaches ‘decision point’ — 4 BTC price metrics to watch
Bitcoin bulls are sitting on their hands but need to combat short-term sellers rapidly losing profitability, Glassnode warns.
Open AI launches grant for AI democratic governance project
The company behind ChatGPT announced it will award ten grants of $100,000 to teams around the world to develop a democratic process for determining AI rules.
‘Exhausted all options’ — Unbanked to close after being left hanging by investor
Unbanked is yet another crypto firm to wind down this month, joining BottlePay, HotBit, Teressa, and most recently, TradeBlock.
Crypto firm Gemini picks Ireland as European base amid US crypto blues
Cameron Winklevoss has predicted a “Cambrian explosion” in European innovation once regulations are rolled out.
French lawmakers agree to loosen rules in proposed crypto influencer bill
Previously, the bill restricted influencer marketing to only licensed crypto firms, of which there are currently none in France.
Chinese TV’s crypto ‘bull run’ report censored, Multichain crisis: Asia Express
News of HK legalizing crypto exchanges censored by state media after just two days, meanwhile, Multichain token plunges after police arrest rumors.
Chinese TV’s crypto ‘bull run’ report censored, Multichain crisis: Asia Express
News of HK legalizing crypto exchanges censored by state media after just two days, meanwhile, Multichain token plunges after police arrest rumors.
Chinese TV’s crypto ‘bull run’ report censored, Multichain crisis: Asia Express
News of HK legalizing crypto exchanges censored by state media after just two days, meanwhile, Multichain token plunges after police arrest rumors.
Chinese TV’s crypto ‘bull run’ report censored, Multichain crisis: Asia Express
News of HK legalizing crypto exchanges censored by state media after just two days, meanwhile, Multichain token plunges after police arrest rumors.
Chinese TV’s crypto ‘bull run’ report censored, Multichain crisis: Asia Express
News of HK legalizing crypto exchanges censored by state media after just two days, meanwhile, Multichain token plunges after police arrest rumors.
Chinese TV’s crypto ‘bull run’ report censored, Multichain crisis: Asia Express
News of HK legalizing crypto exchanges censored by state media after just two days, meanwhile, Multichain token plunges after police arrest rumors.
Chinese TV’s crypto ‘bull run’ report censored, Multichain crisis: Asia Express
News of HK legalizing crypto exchanges censored by state media after just two days, meanwhile, Multichain token plunges after police arrest rumors.