By Jordan Lyanchev Bitcoin’s breakout attempt faced another rejection at $65,000 earlier this week, and the bears appear to be in control once again, driving the asset south to under $63,000. One particular bear has garnered the community’s attention with massive short positions that they keep building on. Data provided by Lookonchain indicates that the […]
Tag: CPI
By Dimitar Dzhondzhorov The past week or so has been rather untypically calm for the largest cryptocurrency, with only minor volatility. However, an important indicator suggests that major turbulence could be approaching, though the eventual direction remains uncertain. “Explosive Move” on the Way? The X account Barchart, which focuses on traditional finance, stocks, charts, cryptocurrencies, […]
By Jordan Lyanchev The US Bureau of Labor Statistics just published the Consumer Price Index data for July, which has essentially matched most expectations, with the regular CPI coming in at 3.3% to 3.4%. The substantial increase in the CORE CPI of 2.5% was official, given the decline in June due to the decreasing energy […]