Bitcoin traders have been betting for years the largest cryptocurrency by market cap could serve as an effective hedge against inflation. That's why they'll be watching Wednesday as the U.S. Labor Department publishes its Consumer Price Index (CPI) report for December.The widely followed CPI, scheduled for release at 8:30 a.m. ET (13:30 UTC), is expected to show an acceleration … [Read more...] about Traders Will Be Watching if December CPI Confirms Inflation at 4-Decade High
Traders
Traders Brace for Higher Volatility, Altcoins Underperform
Avalanche, polygon limited price bounce: Avalanche (AVAX) and polygon (MATIC) initially rose about 4% during the Asia trading session, but ended up lower over the past 24 hours. Generally, most altcoins underperformed bitcoin on Monday, indicating a lower appetite for risk among crypto traders. Source link … [Read more...] about Traders Brace for Higher Volatility, Altcoins Underperform
Crypto Traders See $343M of Liquidations as Bitcoin Dips Below $40K
On Monday, bitcoin fell to a three-month low, hitting $39,692.03 after the largest cryptocurrency by market capitalization saw a steady decline, possibly caused by speculation that the Federal Reserve could move quickly to tighten monetary conditions in the face of fast-rising inflation. Source link … [Read more...] about Crypto Traders See $343M of Liquidations as Bitcoin Dips Below $40K
Market Wrap: Crypto Traders Reduce Leverage, Selling Pressure Subsides
Bitcoin stabilized at around $41,000 on Friday and is down about 9% over the past week. Analysts expect prices to move sideways, although they may be vulnerable to further declines if technical support levels are breached.The reduction in leverage in bitcoin and ether futures markets could signal healthier market conditions. Typically, there is a lower chance of additional … [Read more...] about Market Wrap: Crypto Traders Reduce Leverage, Selling Pressure Subsides
Thailand’s Crypto Traders to Be Subject to 15% Capital Gains Tax: Report
Taxpayers in Thailand who profit from cryptocurrencies will be subject to a 15% capital gains tax this year, according to the Bangkok Post.Exchanges will be exempt, but not retail investors or mining operators, according to the newspaper, which cited an unidentified person at the Finance Ministry.The Revenue Department plans to strengthen its surveillance of cryptocurrency … [Read more...] about Thailand’s Crypto Traders to Be Subject to 15% Capital Gains Tax: Report