Bitcoin price drop to $10,000? How ‘post-inflation deflation’ resembles the 2008 crash
Bitcoin’s Value Under Threat Bloomberg analysts are raising alarms about Bitcoin, suggesting it could lose as much as 90% of its current value. That’s a stark prediction. Mike McGlone, a senior analyst at Bloomberg Intelligence, recently commented that the economy is transitioning into what he calls a “post-inflationary deflation,” signaling an impending recession. He forecasts […]
US dollar drifts lower as market in consolidation post-inflation data – Yahoo Finance
Written by Gertrude Chavez-Dreyfus and Joyce Alves NEW YORK/LONDON (Reuters) – The dollar edged lower on Wednesday after gaining in early trading on better-than-expected U.S. inflation data. The timing of federal policy could become clearer as investors consolidated gains ahead of further economic data this week. The Reserve Bank will start cutting interest rates this […]