Bitcoin Price Forecast: US CPI shows inflation declining
Bitcoin price recent uptrend move is stirring many conversations about cryptocurrencies, risk-on assets, and inflation. As the United States Consumer Price Index(CPI) bares hope globally, investors are jumping into the crypto market to place their bet on Bitcoin’s future trajectory.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto vs. Inflation
Ethereum's price has moved in unison with its Bitcoin counterpart, returning 7% of lost market value to investors. On December 13, the bulls pierced a descending trend line which acted as resistance on three separate occasions since December 2. A classical technical analysis concept applied perfectly to the ETH price action as "the fourth touch of the trend" solidified gains for bulls in the market.
FTT price drops by over 13% as CFTC sues FTX, Sam-Bankman Fried and Alameda with fraud charges
FTX brought the entire crypto market down when it came to an end. Its former head Sam Bankman-Fried pledged honesty, but the same sentiment is seemingly not shared by the law. Consequently, authorities are now taking action against the ex-Chief Executive Officer of the bankrupt exchange. FTX's collapse has been blamed on Sam Bankman-Fried by the community and key officials of the relevant authorities.