Bitcoin News Thebittimes.Com

The U.S. inflation narrative shifts away from ease-of-control in what could further pressure risk asset performance. Bitcoin (BTC) fluctuated around the key $20,000 mark into Aug. 31 as the outlook on United States Inflation darkened. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD again dipping below last halving cycle’s top overnight, only to regain lost ground to circle $20,300 on the day. The rangebound moves accompanied modest recoveries for U.S. stocks, with the S&P 500 and Nasdaq Composite Index up 0.15% and 0.6% within the first hour’s trading, respectively. Concerns over the Federal Reserve’s plans on tackling inflation after last week’s gloomy speech by Chair Jerome Powell nonetheless lingered. Despite Powell’s earlier rhetoric, Diane Swonk, chief economist at KPMG, told mainstream media that the entire concept of a “soft landing” for the U.S. economy was now shelved. Powell’s speech had in fact “buried the concept of a soft landing,” she explained to ...

Terra Luna Classic price prediction remains slightly bullish above the $0.00022 level, which is supported by a triple bottom pattern. The Terra Luna Classic has been struggling in the market for many months, particularly since rebranding in the aftermath of the collapse of the original Luna cryptocurrency.  The recent decline in crypto shows that traders have not yet gained full confidence in the network, which is also the reason for the market's low to no volatility.  But recently, Terra LUNA Classic has recently gained a slight bullish momentum; can LUNC reach $1 parity? Let's find out!   Profit Withdrawals from Investors The Federal Reserve's comments regarding the ease of inflation measures triggered this week's surge in LUNC prices. The comments sparked a massive rally in the stock market , and the strong correlation between stocks and cryptos caused optimism to spill over into the bleak crypto market.  As a result, many cryptocurrencies, inc...