What’s The Trending of Bitcoin Price Volatility in the U.S. Inflation Rises
2022-04-13 15:46:36
What Is The Best Bitcoin Platform To Buy?
Bitcoin is now hovering around $40,000 and after a week of declines, it has started to trend upwards in the last 24 hours. Data from the trusted and popular international digital currency Gate.io exchange shows that at the time of writing the price of bitcoin was $40,041, up 1.43% in the last 24 hours and with a 24-hour volume of $30.04 billion.
The exchange where you buy bitcoins is important because it is the price of the cryptocurrency that is being traded, and the Gate.io exchange is one of the most popular cryptocurrency exchanges in the world. In addition to the exchange, there is more to the current financial market situation that affects the price of bitcoin.
Sharp Rise in U.S. Inflation Rate Reaches 41-year High
According to the U.S. Bureau of Labor Statistics in a recent release, the U.S. Consumer Price Index for March 2022 showed an increase of 8.5% relative to last March, up from the annual reading of 7.9% in February. This is the sharpest increase since 1981. Many cryptocurrency investors even suspect that the real situation may be worse than the reported figures.
According to the report, gasoline, housing, and food were the biggest contributors to the growth. Gasoline alone accounted for half of the growth in all items. Gasoline in March was up 18.3% from February, and it was up 32% relative to last year. The reason for this may be related to the war between Russia and Ukraine.
Steve Hanke, a traditional economist, has criticized the Fed for this phenomenon. Such data shows active inflationary pressures throughout the economy and represents a lot of room for the Fed to make up and improve.
Rising inflation in the U.S. has had some degree of impact on the global economy, and so has the cryptocurrency market. The S&P 500 is currently opening up 1% and the price of Bitcoin has risen with it to over $40,000.
Bitcoin Lightning Payments Volume Up 400%
The Lightning Payments network, an expanded solution for bitcoin holders to pay conveniently while using it, is becoming increasingly popular around the world. According to a new study by Arcane Research, the use of lightning payments is currently growing rapidly, having risen over 400% in a year. This is partly a reflection of the growing market share and usage of bitcoin in the current market.
More and more investors are currently buying bitcoin and the bitcoin price live is closely tied to the current economic situation. How long before Bitcoin, which is back at $40,000, breaks the $50,000 mark as predicted by investors? We'll see.
Bitcoin is now hovering around $40,000 and after a week of declines, it has started to trend upwards in the last 24 hours. Data from the trusted and popular international digital currency Gate.io exchange shows that at the time of writing the price of bitcoin was $40,041, up 1.43% in the last 24 hours and with a 24-hour volume of $30.04 billion.
The exchange where you buy bitcoins is important because it is the price of the cryptocurrency that is being traded, and the Gate.io exchange is one of the most popular cryptocurrency exchanges in the world. In addition to the exchange, there is more to the current financial market situation that affects the price of bitcoin.
Sharp Rise in U.S. Inflation Rate Reaches 41-year High
According to the U.S. Bureau of Labor Statistics in a recent release, the U.S. Consumer Price Index for March 2022 showed an increase of 8.5% relative to last March, up from the annual reading of 7.9% in February. This is the sharpest increase since 1981. Many cryptocurrency investors even suspect that the real situation may be worse than the reported figures.
According to the report, gasoline, housing, and food were the biggest contributors to the growth. Gasoline alone accounted for half of the growth in all items. Gasoline in March was up 18.3% from February, and it was up 32% relative to last year. The reason for this may be related to the war between Russia and Ukraine.
Steve Hanke, a traditional economist, has criticized the Fed for this phenomenon. Such data shows active inflationary pressures throughout the economy and represents a lot of room for the Fed to make up and improve.
Rising inflation in the U.S. has had some degree of impact on the global economy, and so has the cryptocurrency market. The S&P 500 is currently opening up 1% and the price of Bitcoin has risen with it to over $40,000.
Bitcoin Lightning Payments Volume Up 400%
The Lightning Payments network, an expanded solution for bitcoin holders to pay conveniently while using it, is becoming increasingly popular around the world. According to a new study by Arcane Research, the use of lightning payments is currently growing rapidly, having risen over 400% in a year. This is partly a reflection of the growing market share and usage of bitcoin in the current market.
More and more investors are currently buying bitcoin and the bitcoin price live is closely tied to the current economic situation. How long before Bitcoin, which is back at $40,000, breaks the $50,000 mark as predicted by investors? We'll see.
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