U.S. Inflation Reached 30-Year High in October
U.S. inflation hit a three-decade high in October-rising at a 6.2% annual rate-as pandemic-related supply shortages and continued strength in consumer demand continued to push up prices.
U.S. inflation hit a three-decade high in October-rising at a 6.2% annual rate-as pandemic-related supply shortages and continued strength in consumer demand continued to push up prices.
BTC update:
We missed the $70k rally just by 2%. BTC just couldn't break the $68500 resistance level. After reaching $69k, BTC showed a 9% correction so far and this could go further down up to 11% which will hit the lower support level at $62k.
We also have another support at $64k which is strong and we may possibly see a bounce from this level as well.
All these small corrections are healthy for the market to grow and we are still in the safe hands. The ultimate support for BTC will be the $60k level and if BTC breaks this level then things will be critical.
Altcoins reacted to this correction by dipping almost 15% to 20%. Let's hope it will react in the same way when BTC pumps.
We missed the $70k rally just by 2%. BTC just couldn't break the $68500 resistance level. After reaching $69k, BTC showed a 9% correction so far and this could go further down up to 11% which will hit the lower support level at $62k.
We also have another support at $64k which is strong and we may possibly see a bounce from this level as well.
All these small corrections are healthy for the market to grow and we are still in the safe hands. The ultimate support for BTC will be the $60k level and if BTC breaks this level then things will be critical.
Altcoins reacted to this correction by dipping almost 15% to 20%. Let's hope it will react in the same way when BTC pumps.
Grayscale reached $60 billion AUM and has flipped the world's largest gold fund
The Grayscale Bitcoin Trust now has $43.5 billion AUM and holds more than 3% of all Bitcoin in existence.
The Grayscale Bitcoin Trust now has $43.5 billion AUM and holds more than 3% of all Bitcoin in existence.
Shiba Inu Now Supported by Samsung-Backed Crypto Wallet App
ZenGo, the first keyless non-custodial cryptocurrency wallet, has added support for the Shiba Inu cryptocurrency, according to a Nov. 16 announcement.
ZenGo, the first keyless non-custodial cryptocurrency wallet, has added support for the Shiba Inu cryptocurrency, according to a Nov. 16 announcement.
📊$340 billion leaves the crypto market in a week yet analysts remain bullish
There is no clear indication that the decline will stop anytime soon; crypto traders will be paying careful attention over the next several hours to see whether the downward trend is maintained or if the price is once again testing its bottom limit.
There is no clear indication that the decline will stop anytime soon; crypto traders will be paying careful attention over the next several hours to see whether the downward trend is maintained or if the price is once again testing its bottom limit.