The Daily Leo #108 - Strong Gold, Mortgage Jumps, NFT Marketplace & Crypto Roundtable

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Gold Sinks Under $1,650, Then Rebounds as Risk Trade Hammers Dollar

After the Consumer Price Indec results, all eyes are on precious metals. The precautions taken by the FED does not seem to work effectively. Eventually, Gold broke below key $1,650 support on Thursday before bulls were able to ...

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Mortgage rates reach 20-year high, close in on 7%

Since inflation is one of the fundamental concerns that countries have difficulty in handling, the side effects of this problem is witnessed on many branches of investment. The average rate on the 30-year fixed mortgage jumped to 6.92% ...

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Beeple Building Physical Studio to Bring NFTs Into the Real World

What's next furry for crypto? I think Music NFTs can be one of the nominees of this huge case. There is still no monopoly of this growing concept. However, Beeple accelerates mass-adoptipon ...

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Amber CEO Argues Bitcoin Can Still Be an Inflation Hedge; Cryptos' Surprising Rebound

The CPI results exceeded the expectation of economist for the term we are in. As a consequence of the mismatch, the markets reacted negatively to the phenomenon. However, may people, including CEOs, believe that Bitcoin may hedge inflation thanks to ...

Japanese gaming giant's hiring spree ahead of NFT marketplace

Will the next bull-market have another NFT marketplace that outperforms OpenSea? Seeing the trend and utility of NFTs, many giants has taken steps to create their own NFT marketplaces because ...

The First Crypto Roundtable of Hive by LeoFinance

LeoFinance team initiated an amazing crypto stream that they host brilliant crypto developers from popular blockchains. In the first Roundtable, Avaxtars and Hero Continent developers were the guests

Big Things For Hive / Splinterlands This Year

This bull-run is likely to be wild in Hive ecosystem. 3Speak, Ragnarok, Tower Defense, Genesis Soccer and many other amazing projects are about to be launched. Obviously, these projects will onboard thousands of people but which one is going to lead the way?

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This edition of The Daily Leo was published by @idiosyncratic1 on LeoFinance, read the original article here

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6 comments
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The 8.2% CPI announcement brought a short-term adverse impact on the crypto market. While BTC went close to the $18k price range before it rebounded, other alts bled.

Let's hope for some positive news to spice up the market.

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We really need something positive man! Markets are depressing these days

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Hi @idiosyncratic1
Gold broke below key $1,650 makes me say wow. To add to this Dollar is hitting all time highs
USD doing Better than gold ? seriously Gold and Crypto are better hedges than fiat.
If memory serves right too much printing the USD was what led us here among-st other things and now USD is the safe haven ? Life is full of paradoxes.
Maybe at some point there would be a re-calibration of valuations of the asset classes.

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I can hardly see any safe place to stay in. The crypto assets and precious metals are truly undervalued in global inflation

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