By Jordan Lyanchev After one bitcoin’s most volatile and impressive weeks, the cryptocurrency market has turned its attention to important US macro news to be announced in the next five days. The analysts at the Kobeissi Letter highlighted several such events scheduled next, but three stand out for the crypto industry: the July PCE inflation […]
Tag: US
By Jordan Lyanchev Ray Dalio, once one of the most prominent crypto critics, has made a new case for owning gold and bitcoin as he believes the United States is approaching a dangerous point in its debt cycle. The founder of Bridgewater Associates noted that investors should reduce their exposure to bonds, allocate 10%-15% of […]
By Jordan Lyanchev Bitcoin’s price went on a tear in the past few days, surging to its highest level since mid-May of just under $80,000 after being stuck below $65,000 for weeks and weeks. Naturally, this has changed the overall market sentiment, with on-chain data showing that investor greed is back to levels last seen […]