Bitcoin News Media: Bitcoin and Ethereum prices witnessed an unexpected downfall: Report

Bitcoin and Ethereum prices witnessed an unexpected downfall: Report

According to Cointelegraph, with gas prices declining to multi-month lows and a cooling house market, core inflation witnessed a 0.6% month-over-month bump, and year-to-year inflation stands at 8.3%

Cryptocurrency and stock markets are reportedly suffering the effect post the September 13 inflation report which showed a figure of inflation rising 0.1% on a month-over-month basis, as reported by Cointelegraph.

According to Cointelegraph, with gas prices declining to multi-month lows and a cooling house market, core inflation witnessed a 0.6% month-over-month bump, and year-to-year inflation stands at 8.3%. While it has been predicted by market participants and investors that the upcoming Federal Reserve interest hike to be 0.75 basis points. Many have also been of the opinion that September 13’s CPI report wouldn’t be what they assumed. 

On the basis of information by Cointelegraph, the Dow slid by approximately 2.6%, while the S&P 500 and Nasdaq saw a fall of 2.9% and 3.6%, respectively. As a result, volatile assets also went down and Bitcoin price lost over 50% of its recent weekend gains with a nine percent pullback to $20,350. With just a day to go prior to the merge, Ether price retrieved 7.29% to $1,590, and the maximum number of cryptocurrencies in the top 100 are facing single to double-digit losses. With Bitcoin’s price going as high as $22,800, the earlier analysis showed that BTC was heading towards an overhead resistance. Furthemore, the multi-month resistance from Bitcoin’s all-time high held as price fell at $22,400 when the market started and media outlets got the hang of monthly CPI data. The analysis also emphasised on the bear flag continuation trend, which has been taking place since Bitcoin price topped out at $69,000 in November of 2021.

Moreover, Cointelegraph noted that apart from a Merge event which is expected to be bullish, Bitcoin price is anticipated to face a downfall. Market insights have shown that Bitcoin price continues to maintain its 90-day range between $25,400 and $17,600. From a vantage perspective, nothing can be determined unless the price falls below $18,500 or the yearly low of $17,600.

(With insights from Cointelegraph)

Bitcoin News Media: WWE AND FOX ENTERTAINMENT’S BLOCKCHAIN CREATIVE LABS RELEASING 10,000+ “NFT FLIPS” FOR “HELL IN A CELL”

WWE AND FOX ENTERTAINMENT’S BLOCKCHAIN CREATIVE LABS RELEASING 10,000+ “NFT FLIPS” FOR “HELL IN A CELL”

WWE AND FOX ENTERTAINMENT’S BLOCKCHAIN CREATIVE LABS

RELEASING 10,000+ “NFT FLIPS” FOR “HELL IN A CELL”

STAMFORD, Conn. and LOS ANGELES, June 2, 2022 -- Tomorrow, Friday, June 3, WWE Moonsault will debut its first official NFT collection in advance of the annual WWE premium live event HELL IN A CELL. The marketplace’s launch was announced today by Scott Zanghellini, WWE Senior Vice President, Revenue Strategy & Development, and Scott Greenberg, CEO of FOX Entertainment’s Web3 studio Blockchain Creative Labs (BCL).

The limited-edition collection will include 10,000+ “NFT Flips,” each featuring a WWE Superstar tied to the HELL IN A CELL event. In the days after HELL IN A CELL, each NFT Flip will transform to reveal a 10-20 second video highlight of the featured Superstar. The NFT Flips will be sold on “Moonsault” in “Cases” of three, randomized at minting, for $30 per Case. “Moonsault” will be powered by Eluvio’s eco-friendly blockchain technology.

WWE and BCL launched WWE’s official NFT marketplace, “Moonsault,” this past Friday, May 27, during SMACKDOWN on FOX, and promoted the debut across WWE and FOX media platforms, as well as on WWE Discord. The first 10,000 fans to create a wallet on the platform received a free Moonsault Genesis NFT, all of which were claimed within only a few hours.

In the future, more limited-edition Cases of NFT Flips, and other video highlights and digital collectibles centered on WWE Superstars and iconic moments from the company’s history, will be dropped on “Moonsault,” timed to major WWE premium live events throughout the year.

HELL IN A CELL streams live this Sunday, June 5, on Peacock.

ABOUT WWE

WWE, a publicly traded company (NYSE: WWE), is an integrated media organization and recognized leader in global entertainment. The Company consists of a portfolio of businesses that create and deliver original content 52 weeks a year to a global audience. WWE is committed to family-friendly entertainment on its television programming, pay-per-view, digital media and publishing platforms. WWE’s TV-PG programming can be seen in more than 1 billion homes worldwide in 30 languages through world-class distribution partners including NBCUniversal, FOX Sports, BT Sport, Sony India and Rogers. The award-winning WWE Network includes all live pay-per-views, scheduled programming and a massive video-on-demand library and is currently available in more than 180 countries. In the United States, NBCUniversal’s streaming service, Peacock, is the exclusive home to WWE Network. The Company is headquartered in Stamford, Conn.

Additional information on WWE (NYSE: WWE) can be found at wwe.com and corporate.wwe.com.

ABOUT BLOCKCHAIN CREATIVE LABS

Blockchain Creative Labs (BCL), a business and creative unit formed in 2021 by FOX Entertainment and its Emmy Award–winning animation studio, Bento Box Entertainment, provides content creators, IP owners and advertising partners end-to-end blockchain computer ecosystem solutions to build, launch, manage and sell Non-Fungible Token (NFT) content and experiences, and fungible tokens, as well as digital goods and assets. BCL also manages a $100 million creator fund, established by FOX Entertainment and Bento Box, which identifies growth opportunities in the NFT space. In August of 2021, Fox Corporation made a strategic investment in Eluvio, a global pioneer for managing, distributing and monetizing premium content via blockchain, that will provide the underlying technology platform for BCL.