There is consensus in the market that policymakers would provide unlimited support to asset prices if the situation worsens, leading to lockdowns. However, that would push governments and central banks in a tough spot. With inflation already running hotter than expected globally, lockdowns and more stimulus could lead to stagflation, a period characterized by low growth and … [Read more...] about Bitcoin Back on the Defensive as Moderna CEO Warns of Reduced Vaccine Efficacy, Exchange Inflows Eyed
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Large Bitcoin Investors Take a Breather After Frantic October, U.S. Inflation Data Eyed
Bitcoin’s uptrend continues with prices rising over 10% this month, extending October’s 40% gain and setting a new record high of over $68,000. However, institutions and large investors seem to be handing the baton over to retail investors ahead of the U.S. consumer price index data that could influence the Fed rate hike expectations.While the coin stash of small bitcoin … [Read more...] about Large Bitcoin Investors Take a Breather After Frantic October, U.S. Inflation Data Eyed