On Thursday, the U.S. two-year treasury yield, which mimics short-term interest rate and inflation expectations better than the 10-year yield, rose to a 22-month high of 0.87%. The short-term yield has more than doubled to 0.76% in the past quarter, according to TradingView. The yields may rise further if the U.S. non-farm payrolls data scheduled for release at 13:30 UTC on … [Read more...] about Bitcoin Slips To 3-Month Low, Analysts Divided on Impact of Fed’s Tightening
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Crypto community divided on whether Bitcoin is an inflation hedge
Amid a massive spike of the United States’ Consumer Price Index (CPI), the cryptocurrency community has been divided on whether Bitcoin (BTC) is really a hedge to inflation.The CPI, an indicator measuring the average change in prices that consumers pay for a basket of goods and services, saw its largest one-month increase in June over the past 13 years, Business Insider … [Read more...] about Crypto community divided on whether Bitcoin is an inflation hedge
Goldman Sachs analysts divided over whether Bitcoin is an ‘investable asset class’
Wall Street investment bank Goldman Sachs has made another U-turn on its stance toward Bitcoin as it struggles to define the asset’s investment status.The investment bank flip-flopped again in its approach to cryptocurrencies with a report issued earlier this week that claims they are not a “viable investment”.The report, titled “Digital Assets: Beauty Is Not in the Eye of the … [Read more...] about Goldman Sachs analysts divided over whether Bitcoin is an ‘investable asset class’
Experts divided on BTC predictions: Bullish or super bullish?
Despite the current battle between Bitcoin bulls and bears around the $50,000 price mark — and an 8.7% pullback over the past 24 hours — a raft of analysts and commentators have got out their crystal balls to tip a glittering future for Bitcoin prices.On Mar. 4, Senior Commodity Strategist for Bloomberg Intelligence Mike McGlone pointed to historical data to suggest that … [Read more...] about Experts divided on BTC predictions: Bullish or super bullish?