Bitcoin [BTC] breaks $26k, CPI drops – is the euphoria back

BTC nudged past $26,000 following CPI’s data announcement. Maximalists reiterated that the traditional financial system could not stop Bitcoin’s growth. Bitcoin [BTC] continued its unprecedented bullish run and climbed above $26,000 as the United States Bureau of Labor Statistics released its February Consumer Price Index (CPI) data. According to the country’s fact-finding agency, the CPI […]

According to him, the $25,000 intraday recovery could trigger massive profit-taking due to the exchange flow spike. An increase in exchange flow usually translates to intent to sell. Sometimes, it leads to a price decline.Papi acknowledged that the macroeconomic factors and developments from the banking arm were other aspects to watch.However, it seemed that the Bitcoin trend has assured many of its faithful that neither banks nor regulators.

“The Fed has now broken precedent, turning the entire banking system into “systemically important” effectively bailing out ALL banks. The Fed has just turned into a Leveraged Lender with a strong incentive to lower rates.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin [BTC] may look poised to hit $25K, but here’s the ‘but’ of it allBTC’s price has rallied significantly over the last 24 hours Its current set-up on the 12-hour chart, however, does raise a few questions about its short-term During the intraday trading session on 13 March, sentiments across the cryptocurrency market improved. This, following the decision by the U.S. Department of the Treasury, Federal Reserve, and Federal […]
Read more »

What next after Bitcoin Cash [BCH] reclaims $110 from riding BTC’s coattailsBCH’s correlation with BTC has led to a rally in its price If positive conviction remains, the coin’s value can be expected to appreciate even further Due to its statistically significant positive correlation with Bitcoin [BTC], Bitcoin Cash’s [BCH] price has also rallied in the last 24 hours. This, following the decision by the U.S. […]
Read more »

BTC, ETH backtrack losses- Is crypto rout from U.S. bank collapses truly overU.S. regulators offer a bailout to customers affected by SVB and Signature bank collapses. Will there be alternatives to these crypto-friendly banks and their payment systems to provide liquidity? Bitcoin and Ethereum were both up by more than 9% in the last 24 hours retracing their weekend losses and propping up the crypto market. The […]
Read more »

Corrective price pullbacks in gold, silver amid as-expected U.S. CPISenior Technical Analyst Jim Wyckoff prepares investors with an overview of how the markets opened and closed. What moved metal prices? How do the technicals look? By looking at important developments
Read more »

Headline CPI fractionally lower as gold futures hold key $1,900 levelExclusive to Kitco News, technical analyst Gary Wagner provides a daily recap of what happened in the gold market, highlighting important events that captured investors' attention during the U.S. trading session. Wagner's commentary features a mix of fundamental news and technical analysis, noting important support and resistance levels.
Read more »

Want to get in on Bitcoin [BTC]? Here’s the long and short of it allBitcoin now seeing renewed interest, however, new investors could lose out Inscriptions have also contributed to the hike in interest in BTC Because of the Silvergate and SVB (Silicon Valley Bank) saga, many investors have lost faith in traditional banking systems. In fact, due to the aforementioned, there has been a new wave of sustained […]
Read more »