Join Our 800,000+ 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

October 03, 2023

We're DOUBLING Mining Rates 🚀

The referral boost is now DOUBLED! Invite friends to mine Bitcoin at 2x the previous rate!

September 13, 2023

We're giving out 2 MILLION Sats!

After the incredible success of our last giveaway, we're back with an even bigger 2 MILLION Sat giveaway! 🎉

September 09, 2023

August 2023 Recap Newsletter

It's time for the August 2023 Recap Newsletter! Here are the product highlights and milestones from the past month.

Download Ember Fund