Crypto products hit with $305M outflow amid strong US economic data

CoinShares expects that crypto investment products will become increasingly sensitive to interest rate expectations in September.

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Central Bank of Venezuela Lags in Delivering Economic Data, Experts Fear Upcoming Hyperinflation

The Central Bank of Venezuela is lagging when it comes to delivering economic data this year, failing to publish the inflation numbers for the last four months. Venezuelan economists believe this delay might mean that the country is starting to enter a new hyperinflation period, with the government trying to hide it by not offering [...]

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Federal Reserve Hikes Rate by 25bps to Keep Inflation at Bay, Aims for 2% Inflation Rate by 2025

Following the fallout over the past two weeks in the U.S. banking industry, the Federal Reserve raised the federal funds rate by 25 basis points (bps) on Wednesday, citing the need for the inflation rate to return to 2% over the long run. Fed Raises Rate Despite Calamity in the U.S. Banking Sector It’s been [...]

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What The Numbers Tell Us About El Salvador’s Bitcoin Experiment

El Salvador was the first country in the world to adopt Bitcoin as legal tender. How has that decision panned out for the country so far? Covered: El Salvador Economic Growth Metrics Future Plans For The Bitcoin Country Live footage of the IMF urging El Salvador to remove Bitcoin as legal tender pic.twitter.com/djWGnEYSvk — Bitcoin […]

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Crypto ETPs record $47M inflows last week amid Bitcoin sell-off

The post-US election honeymoon is likely over as macroeconomic data is once again a key driver of crypto ETPs, CoinShares James Butterfill said.

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$30K BTC price target stays valid as ‘boring’ Bitcoin heads into US jobs data

Bitcoin (BTC) stuck to a narrow trading range into April 7 as crypto analysts awaited the week’s main United States macroeconomic data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $30,000 or $25,000 for Bitcoin? Data from Cointelegraph Markets Pro and TradingView confirmed another day’s ranging around $28,000 for BTC/USD. The pair had shunned volatility over [...]

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