Nicholas Merten says Bitcoin is facing a make-or-break moment this week ahead of the release of the CPI report.
Circle CEO says traditional finance institutions feel threatened by the idea of full reserve banking systems.
Famous YouTuber and crypto analyst Nicholas Merten suggested that the release of the consumer price index (CPI) report later this week would have a massive effect on Bitcoin’s price. In his latest video, Merten told his over 500,000 subscribers that this week is a make-or-break period for the leading digital asset. He remarked that the previous CPI report caused Bitcoin’s price to drop by about 10 percent within 24 hours.
The CPI report release is an important event because it has significantly impacted Bitcoin’s price in the past. Also, the crypto market (including Bitcoin) and the entire stock market are trading around their lows during this bearish season. However, a positive surprise in the CPI report might lead to bullish financial markets. But, if the reverse...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...