Traders look toward the Federal Reserve's meeting this week, following another hotter-than-expected U.S. inflation reading Friday., excluding food and energy, rose 2.8% from a year ago, and came in ahead of the 2.7% expected by Dow Jones. Personal spending rose 0.8%, ahead of a 0.7% estimate.
China reports its industrial profits data on a rolling year-to-date basis, and usually combines January and February economic data into a single reading. A European company known for its bitcoin mining operations has recently transformed its business model to focus on cloud solutions and data center infrastructure.
Source: News Formal (newsformal.com)
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Bitcoin Price Could Appreciate Over 160% to Reach $150,000, Says Bitfinex AnalystsAccording to a research report by Bitfinex analysts, the price of Bitcoin could surge by 160% in the next 14 months, reaching a cycle top of above $150,000. However, there is also significant selling pressure due to Bitcoin hitting a new high and Short-Term Holders buying above the $60,000 mark.
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