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Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed

Bitcoin.com
Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War Blamed
bitcoin.com
Latest Turkey Inflation Rate of 79.6% the Highest in 24 Years — Weakening Lira and Russia-Ukraine War BlamedAccording to the latest data from the Turkish Statistical Institute, the country’s annual inflation rate for the month of July was 79.6%, the highest in 24 years. Rising transportation costs, food and non-alcoholic beverages were some of the product categories that contributed to the overall rate increase. Transportation Costs Rose the Most Turkey’s consumer inflation […]
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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Economists Say Fed Could Shrink Balance Sheet in 2023, Critics Insist Central Bank Hasn’t Reduced QE at All

Bitcoin.com
Economists Say Fed Could Shrink Balance Sheet in 2023, Critics Insist Central Bank Hasn’t Reduced QE at All
Analysts
Economists Say Fed Could Shrink Balance Sheet in 2023, Critics Insist Central Bank Hasn’t Reduced QE at AllWith inflation soaring in the U.S., economists from monetary policy analytics and forecasting firm LH Meyer say the U.S. Federal Reserve could stop shrinking its balance sheet earlier than expected. However, critics have said the U.S. central bank hasn’t really shrunk the Fed’s balance at all, and the entity has been accused of keeping quantitative […]
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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Ghana Ranked as Country With Second-Highest Debt Default Risk Globally

Bitcoin.com
Ghana Ranked as Country With Second-Highest Debt Default Risk Globally
bitcoin legal tender el salvador
Ghana Ranked as Country With Second-Highest Debt Default Risk GloballyAccording to Visual Capitalist, Ghana is now placed second on its list of countries with the highest default risk in 2022. Only four countries, namely, Ukraine 10,856 basis points (bps), Argentina (4,470), El Salvador (3,376), and Ethiopia (3,035) have a credit default swap spread that is higher than Ghana’s at 2,071 bps. El Salvador Has […]
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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down

Bitcoin.com
Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move Down
2%
Cleveland Fed President Loretta Mester Is ‘Not Predicting a Recession,’ Says Inflation Will Move DownCleveland Federal Reserve Bank president Loretta Mester doesn’t think a recession will take place in the United States but believes it will take two years to get inflation back down to 2%. While speaking during an interview on Sunday, Mester explained that while it will take two years, inflation “will be moving down.” A 2% […]
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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’

Bitcoin.com
Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’
200 to 300 bps
Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’Billionaire hedge fund manager and founder of Pershing Square Capital Management, Bill Ackman, believes “inflation is out of control.” The investor thinks that if the Federal Reserve “doesn’t do its job” by applying “aggressive monetary tightening,” the U.S. economy could collapse. Pershing Square Founder Bill Ackman Thinks ‘Inflation Is out of Control’ While the headlines […]
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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin Miners Reach the Halfway Point to the Next Block Reward Halving

Bitcoin.com
Bitcoin Miners Reach the Halfway Point to the Next Block Reward Halving
1.7% inflation
Bitcoin Miners Reach the Halfway Point to the Next Block Reward HalvingOn May 5, 2022, at block height 735,000, the bitcoin mining pool Poolin mined the 105,000th block reward since the last halving. The mined block also represents the halfway point to the next halving that is estimated to take place on or around April 27, 2024. Block 735,000 follows the network issuing over 19 million […]
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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

19 Million Bitcoin Have Been Mined Into Circulation, 2 Million Left to Be Found

Bitcoin.com
19 Million Bitcoin Have Been Mined Into Circulation, 2 Million Left to Be Found
19 million bitcoin
19 Million Bitcoin Have Been Mined Into Circulation, 2 Million Left to Be FoundOn April 1, 2022, records show that 19 million bitcoin have been mined into circulation. With the max supply set at 21 million, there’s only two million bitcoins left to be found by mining participants. Satoshi’s Mathematical and Predictable Design — 19 Million Bitcoins Have Been Issued The Bitcoin (BTC) network reached a milestone on […]
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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates

Bitcoin.com
Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest Rates
bitcoin.com
Euro Inflation Hits Record Highs, ECB Not in Rush to Raise Interest RatesThe European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled. ECB Sees No Reason to Adjust Interest Rates Despite Eurozone Inflation Reaching 5% […]
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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

90% of Bitcoin’s Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTC

Bitcoin.com
90% of Bitcoin’s Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTC
119 years
90% of Bitcoin’s Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTCOn December 12, crypto advocates celebrated the fact that 90% of the 21 million bitcoins that will ever exist have been mined into circulation. Currently, Bitcoin’s inflation rate per annum is around 1.88%, which is lower than the central banks’ traditional 2% target reference. Furthermore, in 875 days, the network’s inflation rate is expected to […]
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Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

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