How US job market slump could boost Bitcoin prices

July 5, 2024
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

Bitcoin could rise due to a weaker job market, but Bitcoin ETFs are on track to their third consecutive week of net negative outflows.

Cryptocurrency traders were caught by surprise after the Oct. 13 Consumer Price Index Report showed inflation in the United States rising by 0.6% in September versus the previous month. The slightly higher-than-expected number caused Bitcoin (BTC) to face a 4.4% price correction from $19,000 to $18,175 in less than three hours. The abrupt movement caused $55…

Buying Bitcoin in 2013 was like buying ‘gold in 1000 BC’ — Pantera CEO

Pantera is now up more than 130,000% from its first Bitcoin purchase back in July 2013.

Is XRP price going to crash again?

XRP could crash by 25% in the worst case scenario, particularly due to its overbought conditions that have preceded similar price crashes.

Crypto pundits gather online to discuss innovation and national security

Sheila Warren and Jerry Brito joined security expert Juan Zarate to address ways to use cryptocurrency in the national interest. 274 Total views 21 Total shares The George Mason University Antonin Scalia Law School National Security Institute hosted a webinar on Wednesday, March 30, titled “Crypto and National Security: How to Validate American Innovation and…

Ex-FTX CEO moved to transit facility after interview

Sam Bankman-Fried is no longer located at the Metropolitan Detention Center in Brooklyn after an unsanctioned interview with Tucker Carlson. 236 Total views 2 Total shares Officials with the Federal Bureau of Prisons have moved former FTX CEO Sam “SBF” Bankman-Fried to a transit facility days after right-wing political commentator Tucker Carlson interviewed him. As

LooksRare team cashes out $30M in WETH, faces community backlash

The price of the native token LOOKS tumbled by 15% after the news of the cash-out became public. 840 Total views 38 Total shares LooksRare, a nonfungible token (NFT) marketplace touted to be the OpenSea killer, became the talk of the NFT world after the team behind the project cashed out millions in Ether (ETH).The…

Cointelegraph Feed

Banks suffer as Elon Musk’s Twitter buyout hits major hurdles

The “hung” loans have led to bankers calling it the worst buyout since 2008.

Google partners with NFT leader Dapper Labs to support Flow blockchain

The search engine giant becomes the latest company to support blockchain development in the emerging areas of NFTs and gaming. 3438 Total views 26 Total shares Search engine giant Google is joining forces with Canadian blockchain studio Dapper Labs to help support the development of new Web 3 products and services, including the wildly popular…

Crypto ETPs see 4th straight week of outflows, totaling $876M — CoinShares

Cryptocurrency exchange-traded products (ETPs) recorded a fourth straight week of outflows, with $876 million in losses during the past trading week. After posting record weekly outflows of $2.9 billion last week, crypto ETPs continued their downward trend, bringing the four-week total outflows to $4.75 billion, CoinShares reported on March 10. While the pace of outflows

Share this: