International Economic
How long will sideways trading and "boring" price action last for Bitcoin?
The world's largest cryptocurrency continues to languish below $42,000, far from its recent highs that saw the price approach its first control zone or resistance at $45,000. Similarly, the price is holding above its support just below $40,000, set by the January 10th lows. Bitcoin maintains a sideways movement between these two prices, giving no sign of a breakout in either direction. Wednesday's declines, amid a general pummeling of risk assets, left a low near $41,000, the worst change for Bitcoin in 10 days since it hit a floor at $39,800.
PBoC cuts key lending rates by less than expected
China's central bank trimmed two key lending rates overnight in a bid to bolster activity in the country's property sector and in order to help small businesses.
US housing starts unexpectedly rise in December
US housing starts unexpectedly rose in December and building permits surged, according to figures released on Wednesday by the Commerce Department.
Oil supply set to overtake demand - IEA
Oil supply is on track to outstrip demand, the International Energy Agency forecast on Wednesday, with the Omicron variant having only a "muted" impact on demand.
German inflation hits highest level since 1993
German consumer prices hit their highest level in almost three decades during 2021, the statistics office Destatis said on Wednesday.
Bitcoin is "vulnerable" amid widespread sell-off in risk assets
Bitcoin joins the global falls in financial markets, especially strong in risk assets, and trades below the $42,000 level, after two consecutive days in which it has closed around $41,500. The world's largest cryptocurrency has fallen almost 10% since the start of the new year, while cryptocurrency funds string five consecutive weeks of outflows.
German investor sentiment improves in January - ZEW
German investor sentiment improved in January amid hopes the economy will pick up as Covid cases fall, according to a survey released on Tuesday by the ZEW Center for European Economic Research in Mannheim.
BoJ says risks to prices 'generally balanced' but stays put on policy
The Bank of Japan anticipated that the country's economy "was likely to recover" as the impact of Covid-19 on services and its related supply-side constraints waned, policy makers said following their latest policy meeting.
Bitcoin puts $40,000 back in focus as attention is on Cardano
Bitcoin and other main altcoins fell on Tuesday, with the exception of Cardano, which maintained its upward momentum after reaching the highest levels since the end of December. The world's leading cryptocurrency decided to ignore the positive signals coming from the options market and touched almost one-week lows on Monday, below $42,000, leading some analysts to believe that a new fall towards $40,000 is in the offing. Total capitalization is barely over $2 trillion.
Selling pressure eases on Bitcoin to keep consolidating at around $42,000
Bitcoin leaves the weekend behind, where the price of the world's largest cryptocurrency remained stable, consolidating at around $42,000 - $44,000. Taking into account options market strike prices and technical analysis, Bitcoin is expected to fluctuate in this range for the short term. Blockchain data shows that long-term holders curbed their selling pressure, which favors consolidation for the digital currency queen.
Chinese economic momentum eases as outlook cools
China reported a solid end to the year on Monday, with better-than-forecast economic growth, but the upbeat note was tempered after the central bank unexpectedly cut a key lending rate amid a weaker outlook.
US industrial production dips in December amid declines in auto and gas output
Industrial output underwhelmed at the end of December amid a decline in automobile manufacturing and in the output of gas utilities due to warmer-than-normal temperatures.
US consumer confidence dips below forecasts in January
US consumer confidence slipped to its second lowest reading ever amid increasing worries over inflation, the results of a very closely-followed survey revealed.
US retail sales slump in December amid rising prices
US retail sales unexpectedly slumped in December amid rising prices, according to figures released on Friday by the Commerce Department.
China's foreign trade surplus jumps in December as imports slump
China's foreign trade surplus surged at the end of 2021, but only as a result of the drag on imports from weakness in the country's property sector.
German GDP up 2.7% in 2021 but still below pre-Covid levels
Germany’s economy grew by 2. 7% in 2021 despite surging Covid-19 and new restrictions and supply chain constraints, according to preliminary official data released on Friday.
"Extreme fear" and whale retreat dominate Bitcoin as it crashes at $44,000
The cryptocurrency market shows mixed signals on Friday, in what looks like another day of consolidation for Bitcoin and Ethereum. Meanwhile, Dogecoin steals all the limelight from the rest of the altcoins after Tesla started accepting purchases of some products of the favorite cryptocurrency of its founder, Elon Musk. The token leaves highs since late December above $0. 1920 and is up almost 25% in the last seven days.
US initial jobless claims unexpectedly jump to 230,000
Claims for unemployment benefits unexpectedly jumped in the seven days ended 8 January but still remained low by historic standards and broadly in line with the pre-pandemic average of around 220,000.
US wholesale prices rise a tad less quickly than expected in December
Wholesale prices in the States increased less quickly than expected last month as food and energy prices slipped.
Bitcoin remains in the green, supported by Powell and US inflation as altcoins soar
The cryptocurrency market remains in the green on Thursday, after US inflation data kept alive the rebound instigated by Federal Reserve (Fed) Chairman Jerome Powell's signals that low rates are here to stay. The benchmark cryptoasset hit a one-week high above $44,000 and a close above $42,000 on Wednesday, and experts are increasingly confident that the recent low below $40,000 will be the floor for the declines.