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Since reaching an all-time high (ATH) price of $108,130 on December 17, Bitcoin (BTC) has been subject to intense selling pressure. By December 20, prices had receded to as low as $92,810 — and although the recovery was quick, the leading cryptocurrency has struggled to reclaim the $100,000 mark. BTC did shoot up to $102,250 on January 7 — but it was not to last, as a quick correction followed. From then on, Bitcoin steadily traded at prices close to $95,000. Now, on January 13, the premier digital asset experienced significant downward momentum — prices have dropped from a high of $95,900 to just $90,820 at press time.  Picks for you Crypto expert says XRP could hit $4 in the ‘next couple of days’ 16 mins ago Laurel Lee net worth reve...

Inflation in the U.S. dramatically grew to 6.5% last year and the Feds initiated interest rate hikes to cool the economy. The housing market was the hardest hit as interest rates shot up drastically making it unaffordable for first-time buyers. However, despite multiple efforts, inflation in the U.S. currently stands at 3.4% and is unable to fall below the 2% level, which is considered normal. While the U.S. economy is grappling with inflation , the BRICS alliance is looking to cut ties with the dollar. Also Read: BRICS Pays $4,000,000,000 in Local Currency, Sidelines US Dollar BREAKING: US inflation falls to 3.4%. — Watcher.Guru (@WatcherGuru) May 15, 2024 The development adds pressure on the U.S. economy as it battles inflation on one side and BRICS ’ de-dollarization initiative on the other. The situation in the homeland and abroad remains complex as U.S. foreign policies are hurting the economies of many developing countries. The move has made BRICS kick-st...

The failed rally above $2,000 on May 6 has proven that ETH bulls are nowhere near comfortable adding leveraged longs. After a brief overshoot above $2,000 on May 6, the Ether (ETH) price has returned to the tight range between $1,820 and $1,950, which has been the norm for the past three weeks. According to the latest Ether futures and options data, odds favor the Ether price breaking below the $1,820 support as professional traders have been unwilling to add neutral-to-bullish positions using derivatives contracts. Ether price in USD, 12-hour chart. Source: TradingView Not even the memecoin frenzy that has boosted Ethereum network demand was able to instill confidence in investors. The average Ethereum transaction fee skyrocketed to $27.70 on May 6, the highest in 12 months, according to BitInfoCharts data. As reported by Cointelegraph, one of the main drivers behind the increase was the insatiable demand for Pepe (PEPE), among other memecoins. Moreover, the increased gas fees have...

Boost your financial literacy with nine essential terms. From interest to assets, improve your money management skills. Financial literacy is a critical life skill that can have a significant impact on an individual’s financial well-being and overall quality of life. It is important for individuals to continuously educate themselves on financial terms and concepts to make informed decisions and achieve their financial goals. Financial literacy is important for a variety of reasons: Making informed financial decisions: Those who are financially literate are able to make wise financial decisions that are consistent with their aims and values. This involves choices on how much to spend, save, invest and borrow. Avoiding financial pitfalls: Financial literacy can assist people in avoiding typical financial risks, such as high-interest debt, excessive spending and investment fraud. Creating long-term wealth: By knowing how to efficiently save and invest, people with financial literacy can ...

Bitcoin's price recovery in 2023 has witnessed minimal institutional buying, casting doubt on whether BTC will rally beyond $25,000. Bitcoin (BTC) shows the potential of stretching its ongoing price recovery to $25,000 by March, based on a mix of bullish technical and macro indicators. Bitcoin price exits descending channel range First, Bitcoin's potential to hit $25,000 comes from its exit from a prevailing descending channel range. A bull run or bull trap? — Cointelegraph (@Cointelegraph) January 16, 2023 Notably, the BTC price broke out of the range late last week while accompanying a rise in its trading volumes. The cryptocurrency's move upside also pushed the price above its resistance confluence, comprising a psychological price ceiling of $20,000 and its 20-week exponential moving average (20-week EMA; the green wave) near $19,500, as shown below.  BTC/USD 1-week candle chart (Coinbase). Source: TradingView.com Breaking three resistance levels with strong volumes ...