-
Bitcoin hovers below $27000, will it rise in June amidst inflation concerns?
BTC and Ethereum both fell in May, marking the first monthly decline since 2023. LTC and RNDR were the stocks with the highest monthly gains
-
Can Bitcoin become a "safe haven" against inflation as a historic default on US bonds looms?
Interface News Reporter | Si LinweiOn May 16th, Reuters reported that US President Biden and Republican House Speaker McCarthy are preparing for key debt ceiling negotiations, with just over two weeks left before the US government could experience an unprecedented debt default. Biden, McCarthy, and three other congressional officials plan to hold consultations on Tuesday
-
Due to investors waiting for CPI inflation data to be sorted horizontally by Bitcoin to reach $27500
Investors will pay attention to the April Consumer Price Index released on Wednesday to find clues about the Federal Reserve's next monetary policy decision, as the stock market falls.Due to investors waiting for the latest US inflation report on Wednesday, Bitcoin traded sideways at around $27000 on Tuesday
-
What happened? After hitting a new low in 10 months, Bitcoin has risen above the $31000 mark. The Federal Reserve claims that significant inflation and interest rate hikes pose financial risks
Edited by: Bi LumingWithin an hour, Bitcoin staged a trend of long short to recover and cut. At around 8:00 am Beijing time on the 10th, Bitcoin fell below the $30000 mark, breaking a new 10 month low and falling more than $10000 from the highest point since the Federal Reserve raised interest rates on May 5th
