Businesses across the U.S. are broadening pay hikes as inflation continues at its fastest pace in 40 years, but employees are still struggling to match their wages with rising prices.
Having wiped away all of this year’s losses, Bitcoin is now starting afresh, amidst a broad rally for cryptocurrencies and generating hopes that it could soon surpass the US$50,000 level.
Markets expecting the economy to continue growing, put long-term yields higher than short-term yields and hence the curve.
The rally in Bitcoin and other cryptocurrencies over the past two weeks has been at a steady and progressive pace
According to data from Goldman Sachs, a record US$319 billion of new share buybacks have been authorized so far this year
Bitcoin has tested another key level of resistance at US$45,300 and could possibly breakout to US$50,000 purely based on technicals
U.S. Federal Reserve rhetoric becomes progressively more hawkish, hinting at far more aggressive rate hikes and Treasury markets are pricing that in
One view is that as Ethereum moves to proof-of-stake, miners will need to shift their mining capabilities elsewhere, such as Ethereum Classic.
U.S. mortgage rates are continuing their rapid rise and reaching levels not seen since well before the pandemic.
Over the past week, Ether has gained over 16%, while Bitcoin just a little over half that amount, mainly because of a successful soft launch of what’s called the “Merge.”