Join Our 500,000+ Community

Get Ember

more posts

February 11, 2022

Inflation numbers at 7.5%, Bitcoin sells off but bounces back

Inflation numbers were released this week and have continued to rise, coming in at 7.5%, higher than expectations. Bitcoin sold off right after the news came out but has since bounced back and is holding above $45K. Traders saw the short-term downswing as a bear-trap with general upward momentum.

Some notable news on Bitcoin over the past week:

  • The US is one of the largest holders of Bitcoin after seizing $4B linked to the Bitfinex hack from a few years ago

  • Russia is expected to regulate cryptocurrency and draft legislation by February 18th. The country is hoping to drive others to join suit and support the new and growing asset class. For now, all we know is that Russia sees crypto as a currency and could a be positive for the sector if other countries follow

  • JP Morgan increases their price target for Bitcoin to $150K

Thank you for reading!

Don't forget to come into the app tomorrow to continue learning about crypto! 



Don't miss out on our latest posts

June 27, 2022

Ember Nuggets #37 | The Fallout of CeFi Crypto Platforms 📉

Happy Monday, everyone! In this edition of Ember Nuggets, we'll be covering the fallout of CeFi crypto platforms, a quick look into Web3 cell phones, and a macro market update.

June 24, 2022

Mining Season 4 Is Right Around the Corner! ⛏️

Thank you to everyone who has participated in the third season of the mining program! The Ember team is proud to announce the start of Mining Season 4!

June 22, 2022

May 2022 Recap Newsletter 📈

Welcome to the May recap! It's been a wild month in the space, but we remain bullish on the long-term outlook.

Download Ember Fund