As rising inflation threatens to further reduce the purchasing power of the global fiat ecosystem, the need to find the perfect hedge against a declining economy becomes critical.
Although the Fed and the EU Central Bank try to point out that inflation is temporary, events show that this is no longer the case and that we are heading towards stagflation.
Bitwise CEO Matt Hougan is bullish on Bitcoin and the cryptocurrency market after US President Joe Biden signed a decree requesting an examination of the potential risks and benefits of blockchain technology.
On-chain data platform Glassnode has released a new report and stated that hodlers dominate the Bitcoin market, while those who buy over $60k accept losses by selling in the range of $35,000 to $38,000.
Bitcoin's correlation with stock market equities could be the reason for the decline, but currency instability in Eastern Europe could make BTC preferable.
The FBI is preparing to increase its measures against cryptocurrencies. The FBI is preparing to increase its measures against cryptocurrencies. With the growth of the crypto money industry, fraud incidents in the market began to increase considerably.