Inflation fears send Bitcoin below $32K

Crypto sinks with stocks on economic uncertainty Bitcoin’s summer slump continues, with prices falling below $32K as post-pandemic inflation fears wash over the cryptocurrency market. The U.S. Labor Department released data last week showing that U.S. consumer prices spiked beyond expectations in June. Major stock indices started falling shortly afterwards, and Bitcoin — already feeling jittery aboutContinue reading “Inflation fears send Bitcoin below $32K”

DeFi boosts market as Bitcoin taps on $35K

Compound jumps 40% while Aave and Uniswap enjoy 20% gains As Ethereum has pushed almost 10% higher this week, Bitcoin has drifted sideways on mixed headlines. The Chinese clampdown on mining continues to drive uncertainty in the market, along with the ramp up of regulatory discussion in the U.S. Yet this is matched by equal amounts of positive news, with Michael Saylor’s BitcoinContinue reading “DeFi boosts market as Bitcoin taps on $35K”

Crypto market finds footing on institutional support

Bitcoin falls another 10% as DeFi coins show resilience Bitcoin is searching for firm footing around $35K after another week of volatility has washed over the market. The leading cryptoasset hit lows above $33K on Sunday before bouncing, with bullish momentum supported by some of the loudest voices in institutional investing. Ray Dalio admitted to owning Bitcoin at ConsensusContinue reading “Crypto market finds footing on institutional support”

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