Riot Platforms and Texas Blockchain Council challenge EIA’s Bitcoin Mining data demands
TBC and Riot Platforms sue EIA over Bitcoin data demands, alleging intrusion. Senator Warren’s involvement is seen as part of a broader political strategy. Bitcoin mining faces scrutiny for energy consumption, environmental impact. In a bold move against the US Energy Information Administration (EIA), the Texas Blockchain Council (TBC) and crypto miner Riot Platforms have […]
Will inflation data push it higher?
Key takeaways Bitcoin has been trading below the $30k level in recent days, but favourable inflation data could push it higher. Chancer’s stage two presale is now close to the $1.2 million mark. The cryptocurrency market has been choppy over the past few weeks, with prices of most coins stuck within certain regions. BTC has […]
Bitcoin price surges to $26K as bulls react to CPI data
Bitcoin price hit highs of $26,553 on Coinbase, with 16% upside in 24 hours. US inflation data showed CPI rose 6% in the past 12 months in February. On-chain data suggests BTC price could rally to $30,000 in the short term. Bitcoin rose sharply on Tuesday, breaking past $26,000 as the crypto market reacted positively […]
Bitcoin touches $23k support as stocks fall on hot PCE data
Bitcoin and crypto prices fell as markets reacted to January PCE data. The Fed’s favourite inflation measure came in hot, jolting markets lower with S&P 500 declining nearly 1.4% and Dow dropping about 400 points. Crypto analyst Rekt Capital says BTC price remains in positive territory as long as bulls hold support above $23k. Bitcoin […]
Bitcoin, stocks swing as markets react to CPI data
Bitcoin price was trading sideways after hitting highs of $22,300, with major US indexes also down. The markets’ reaction comes after hotter-than-expected inflation data for the first month of 2023. US CPI rose 0.5% over the month and 6.5% year-over-year. Bitcoin was holding just above $22,000 at around 11:00 am ET, with the flagship cryptocurrency […]
Bitcoin price prediction ahead of Fed decision, NFP data
Bitcoin price declined slightly on Monday after nearing the resistance at $24,000. Macro factors will be the key drivers for Bitcoin and other asset prices. Consumer confidence, Fed decision, and NFP data will be in focus. Bitcoin price pulled back slightly on Monday as investors started focusing on the key economic data from the US […]
The Sandbox (SAND/USD) falls further, but you would want to buy based on this Santiment data
The Sandbox token trades at the lowest level in the year Santiment data indicates SAND is at “opportunity zones” We expect the Sandbox token price to sink further until the bear market subsides It continues to be lonely in the metaverse. With few fundamentals and developments coming up, investors are still dumping the metaverse-related tokens. In […]
Normalcy returning to crypto markets, on-chain data shows
Over the last few months, the crypto market has largely been pretty serene. Bitcoin had been in crab motion around $20,000 for quite a while, as it plodded along while waiting for the wider macro conditions to make a move. I wrote in late October to be cautious around this price action, and that Bitcoin […]