Euro Area Annual Inflation Jumps to 9.9% in September, Cost of Bread Skyrockets, Protests Erupt

Dec 1, 2022

According to the European Union’s statistics office Eurostat on Wednesday, Euro area annual inflation is up to 9.9% in September, up from 9.1% in August. The inflation rate in September tapped a 40-year high, and investors suspect that the eurozone is “at risk of a financial meltdown.” European Union’s Consumer Price Index Taps a 40-Year High, EU Residents Take to the Streets to Protest Scorching Inflation Europe’s inflation has jumped a great deal since September 2021, according ...read more

Bitcoin, Ethereum Technical Analysis: ETH Lower, as USD Gains Following Strong Q3 Earnings

Dec 1, 2022

Ethereum was back below the $1,300 level on Wednesday, as the U.S. dollar rose following better than expected quarterly earnings. So far this earnings season, Netflix, Bank of America, and others have outperformed expectations, highlighting what some view as the resilience of the U.S. economy, despite the global slowdown. Bitcoin was also back in the red. Bitcoin Bitcoin (BTC) was trading lower on Wednesday, as prices continued to decline following a failed breakout of a resistance at $19, ...read more

Why The Bitcoin Price Might Stay At $19,000 Until November

Dec 1, 2022

The Bitcoin price is rangebound and still unable to find a clear direction in the second half of October. The cryptocurrency hinted at more profits over the past week, but the rally was short-lived as BTC was rejected from a critical area, unable to re-test the $20,000 region.  Related Reading: How Bitcoin On-Chain Signals Present A Solid Case For A Market Bottom At the time of writing, the Bitcoin price trades at $19,159 with a 2% loss in the last 24 hours and sideways movement in the previous ...read more

Quant Balloons Over 35% In Last 7 Days Courtesy Of Strong Social Metrics

Dec 1, 2022

Quant is showing a strong push in the face of struggles in the crypto space as it doubled (and added some more) its 14-day price pump. Quant outperforms Bitcoin and Ethereum in terms of 14-day and 30-day price increases QNT is down by almost 10% over the last 24-hours but is still up by almost 29% over the last week Quant could rally all the way up to $300 While a price increase of 28.9% over the last two weeks already sounds impressive considering the extended winter season that caught up with ...read more

Ripple (XRP) Clings To Support As Bearish Divergence Plays Out; Will $0.44 Hold?

Dec 1, 2022

XRP’s price struggles to hold above key support as the price needs to hold above $0.44 to maintain its bullish run.  XRP continues to struggle as bearish divergence appears on the daily timeframe suggesting a change in trend could be imminent.  The price of XRP continues to trade below the 200 Exponential Moving Average (EMA) as 50 EMA acts as support on the daily timeframe.  The price of Ripple (XRP) in the past few weeks has seen more traction as the price showed strength rallying fro ...read more

EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy

Dec 1, 2022

Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower. New energy efficiency labeling is to address the growing electricity usage in the crypto sector. EU to Develop Energy Efficiency Label for Data Centers Amid Increasing Consumption in Mining The European Union plans to introduce a label for energy efficiency in efforts to counter the ...read more

Monero Coin Climbs 6% In Last 3 Days – Bullish Activities Seen For XMR

Dec 1, 2022

Monero (XMR), an open-source cryptocurrency first focusing on privacy and decentralization, managed to initiate a price pump despite the greater majority of crypto space struggling to get out of the red zone. Monero managed to bounce back twice from its support range of $134.5 XMR remains “in the green” for its intraday, weekly and monthly price readings A surge all the way to $171 is possible for Monero if it moves past its current resistance range The altcoin, for the past few days, has be ...read more

Eswatini Central Bank Partners With German Firm to Explore CBDC

Dec 1, 2022

Eswatini recently became the latest African country to jump on the central bank digital currency (CBDC) bandwagon after its central bank selected Giesecke Devrient, a Germany-based technology firm, as its partner. An agreement signed by both parties aims to enable them to deepen their “understanding of the practicalities of implementing a CBDC in Eswatini.” Retail CBDC Presents Strongest Opportunity for Adoption The Southern African nation of Eswatini (formerly Swaziland) recently beca ...read more

How Bitcoin On-Chain Signals Present A Solid Case For A Market Bottom

Dec 1, 2022

Bitcoin price remains stuck below its former all-time high set five years ago. The shocking decline has been one of the worst crypto winters on record, and the market is bracing for continued meltdown. However, a series of on-chain indicators in BTC could provide clues to how close we are to a bottom. Let’s take a look. A Series Of Six On-Chain Indicators Shout: Bitcoin Bottom Is In Bear markets are brutal in Bitcoin or otherwise, because the bottom is only known in hindsight. The feeling ...read more

Celsius Network Reportedly Faces US Federal Investigation

Dec 1, 2022

A bankrupt crypto lender, Celsius Network is now facing a federal investigation in the United States due to its alleged operational irregularities, according to a report by Bloomberg on Wednesday.“The number and extent of investigations of the debtors by governmental entities is significant: Celsius is apparently subject to enforcement proceedings or investigations in at least 40 states, in addition to investigations or inquiries involving the federal government,” counsel of the creditors st ...read more

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