Tag: bitcoin
Bitcoin: Ephemeral rally or the start of new bull cycle? Large investors are confused
On-chain data revealed that BTC whales are unsure whether BTC’s recent rally marked the commencement of a new bull cycle. Despite the recent price jump, institutional investors stay away from BTC accumulation. New data from on-chain metrics has revealed that despite a 23% increase in the price of Bitcoin (BTC) in the past week...
Bitcoin Climbs Upward Following CPI Update
December’s consumer price index (CPI) dropped by 0.1%, the two-year lowest mark since the pandemic hit. The data, on the other hand, shows a 6.5% annual growth of price, reflecting the ongoing cost-living pressure in the U.S. CPI Cooled Off As Anticipated The U.S. Department of Labor announced on Thursday the CPI in December was
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