Nigel Farage draws parallels between political ridicule and Bitcoin ideology

Former United Kingdom Independence Party (UKIP) Leader Nigel Farage likened his experience as a political outcast to what is happening with the Bitcoin movement. The post Nigel Farage draws parallels between political ridicule and Bitcoin ideology appeared first on CryptoSlate.

Timeline of Bitcoin

Yesterday, Bitcoin extended its losses below the $19,000 support area, but spiked after the release of the Consumer Price Index (CPI), leaving the market participants taken aback as this was opposite to what everyone was anticipating.  After the data was out, the bulls promptly regained control and pushed BTC above $19,000.

The bloodbath of the cryptocurrency market continues to flow due to the meltdown of crypto market capitalization and worst-than-expected inflation data despite the Federal Reserve's efforts to minimize it. Bitcoin investors are waiting for a new catalyst as the crypto king has been trading in a range-bound area since last week.

Crypto mining firm Pow.re Holdings Limited has announced the commencement of construction of two new mining facilities in Asunción, Paraguay. Pow.re Begins Mining Facility Construction in Paraguay On October 13, Pow.

Bitcoin (CRYPTO: BTC) trading platform NYDIG laid off about a third of its employees on Sep. 22, which numbered around 110, according to a report by the Wall Street Journal. What Happened: The company executives told the laid-off employees that it took the decision to cut down on expenses and to focus on more businesses, the WSJ report said.

On Thursday (October 13), Robert Kiyosaki, the highly successful author of the “Rich Dad Poor Dad” series of personal finance books, shared his latest thoughts on gold, silver, and Bitcoin.

Bitcoin bucked its shaky initial reaction to the latest Consumer Price Index (CPI) report released on Thursday, rebounding right away after an expected price decline. Bitcoin nears $20K mark after the CPI report was released Inflation in U.S. is at 8.

On Wednesday (October 12), Bank of Canada (which is Canada's central bank), highlighted five findings from a report that studied “the dynamics of Bitcoin awareness and ownership from 2016 to 2021” using its Bitcoin Omnibus Surveys (BTCOS).

Bitcoin price tanked to $18.3k after the CPI data for September comes in higher than expected at 8.2%. However, the BTC price recovered hours after the CPI release, continuing gains on Friday.

Private and publicly-listed bitcoin miners can now apply for loans with Binance as the crypto exchange launched a $500 million fund to cope with the ongoing downturn of the crypto-market conditions.

While It looked like it was set for a bad day after yesterday's dip to US$18,500, we've ultimately seen an impressive 24-hour rally up to US$19,700 to finish the week relatively even. Bitcoin enjoys a pump, yet stays below key US$20,000 point – Source: currency.com Ethereum has also jumped over 3% today, bringing the coin back above the critical US$1,300 price barrier.