The crypto market is crashing today, with Bitcoin price falling to $111,000, down from this week’s high of $116,500, and the valuation of all tokens falling to $3.76 trillion. Summary The crypto market crashed after the Federal Reserve rate cut. Most coins dropped as liquidations jumped by 75% to $557m. The crash also happened as…
Read more
April core inflation data came in at 2.5% year-over-year, which is its lowest level since March 2021. The Federal Reserve’s preferred inflation metric hit its lowest level since March 2021, giving a positive sign for Bitcoin’s (BTC) price. April’s core personal consumption expenditures price index, released on Friday, May 30, came out at 2.5%. This was in line with…
Read more
Bitcoin price rallied to a record high of $108,000 on Dec. 17, continuing a bull run that began in 2023. Bitcoin btc-2.91%Bitcoin has surged by nearly 150% this year, driven by rising demand and decreasing supply growth. The unwinding of high interest rates by the Federal Reserve and other central banks has also contributed to this upward…
Read more
