Milk Road has acquired Bitcoin Price! Milk Road is the #1 crypto newsletter that is free and will make you smarter about crypto! | | | 📈 30 Second Cryptocurrency Price Summary | Current Bitcoin Price: $27,210 | Bitcoin price saw a brief spike upward into the $28,000s as US inflation data was released, however has turned around to the $27,000 mark since. | Top-20 altcoins are also mostly down over the last 24 hours, as Ether drops 3%, BNB falls 1% and XRP drops 1%. | Top Stories for May 10, 2022 🔥 | | The US annualized inflation rate slowed to 4.9% in April, compared to 5.0% in March, according to the Bureau of Labor Statistics' Consumer Price Index report. | The core CPI, which excludes food and energy costs, rose 0.4% in April, the same rate as March, and was 5.5% on an annual basis. The Federal Reserve has suggested it may pause its rate hikes despite inflation remaining above its 2% target. | Following the news of the slight moderation in inflation, the price of Bitcoin rose more than 1% to just above $28,000. | | Grayscale Investments, the cryptocurrency asset manager, has announced the launch of a new entity, the Grayscale Funds Trust, which will allow it to manage many of its publicly traded financial products in-house. | It also revealed that it had filed with the US Securities and Exchange Commission for three new crypto-focused ETFs: a Global Bitcoin Composite ETF; an Ethereum Futures ETF; and a Privacy ETF, which will invest in blockchain-based privacy tech firms. | Grayscale is currently involved in a legal case with the SEC over converting its $17bn Grayscale Bitcoin Trust into a spot Bitcoin ETF product. | | Elon Musk's tweet featuring a Milady meme caused a surge in sales for Milady NFTs, with sales increasing by 500% and the floor price of the project rising by nearly 50% in the last 24 hours, according to NFT Price Floor. | This is not the first time that Musk's Tweets have influenced the price of cryptocurrencies, as the price of Dogecoin also surged after he changed the platform's logo to a Shiba Inu dog meme. | Other projects from Remilia Creative, the artists behind Milady NFT, also saw a rise in sales, with Redacted Remilio Babies NFT sales increasing by 660% over the last 24 hours. | | Today on Milk Road: Why you should use a flashbot, trouble at Binance.US, Web3 Wednesday, and Kim Jong-Un signs up for an exchange. | |
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