BITPRISMIA
The Ethereum network has burned over 4.6 million ETH worth $13.57 billion since the London hard fork in 2021, but the supply remains inflationary with a current issuance rate of 0.801%.
Bitcoin and Ether traders are making bullish bets ahead of U.S. inflation data, with BTC and ETH reaching record highs, while market observers downplay the potential impact of the inflation report on the ongoing crypto rally.
XRP's price surged 26% due to significant whale accumulation and a short squeeze, with broader market trends and ETF speculation also contributing to the rally.
Robert Kiyosaki, author of 'Rich Dad Poor Dad,' has purchased Bitcoin at $110,000 and plans to buy more, predicting it could reach $250,000 by 2025 and $1 million in the future, while also highlighting Bitcoin as 'digital gold.'
The US Federal Open Market Committee (FOMC) warns that tariffs could lead to a significant inflation spike, impacting markets including cryptocurrencies like Bitcoin, with debates on interest rates and economic stability influencing investor strategies.
Michael Saylor's plan to burn his Bitcoin and MicroStrategy's continued accumulation of BTC raises questions about Bitcoin's scarcity and its role as a sound monetary asset.
Atlanta Fed President Raphael Bostic suggests the U.S. may experience elevated inflation levels without sharp spikes, with no immediate policy shift from the Federal Reserve, impacting economic uncertainty and the crypto market.
The article discusses the implications of US dollar weakness, highlighting its multifaceted impact on the US economy and global financial markets, including benefits like boosted exports and challenges such as inflationary pressures.
Balaji Srinivasan declares the U.S. is 'broke' and heading toward national bankruptcy, advocating Bitcoin as a sovereign escape from financial collapse.
Federal Reserve Chair Jerome Powell emphasizes a patient, data-driven approach to monetary policy, highlighting a stable inflation outlook and a resilient US economy despite external pressures.