CPI Data – DIGIT INFO

Why Bitcoin is still poised to break $74K before end of year

DIGIT — Mon, 12 Aug 2024 11:20:00 +0000

Bitcoin’s correction appears to be losing steam, as indicated by price momentum divergence, the formation of a Doji candlestick and other bullish patterns.

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Ryze Labs Weighs In: Fed’s Stance on Interest Rates and Its Impact on Market Dynamics

DIGIT — Fri, 14 Jun 2024 18:36:57 +0000

Following the release of lower-than-anticipated CPI data on June 12, U.S. equities climbed to record highs, with bitcoin exceeding $70,000. However, Ryze Labs, a venture capital firm investing in blockchain and Web3 projects worldwide, particularly in emerging markets, stated that the Federal Reserve’s hawkish dot plot forecast and subsequent comments by Chair Jerome Powell led […]

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Crypto downturn nukes $190M leveraged positions as traders eye CPI data

DIGIT — Wed, 12 Jun 2024 08:53:41 +0000

The liquidation comes just a few days after the crypto market recorded a $400 million liquidation on Friday, June 7.

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Bitcoin traders expect Fed Chair Powell to ‘pump our bags’ and BTC to target $80K+

DIGIT — Mon, 13 May 2024 21:07:08 +0000

Historical Bitcoin performance data and investors’ expectation that the Fed will “pump our bags” have traders anticipating a strong BTC price rebound.

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Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion

DIGIT — Wed, 05 Oct 2022 14:00:07 +0000

A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt surpassed $31 trillion on October 4, as the country’s growing debt continues to rise […]

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White House Reporter Says Inflation Has Become ‘Biden’s Political Nightmare’ as Critics Slam Government Spending

DIGIT — Sun, 17 Jul 2022 18:00:31 +0000

While the latest Bureau of Labor Statistics Consumer Price Index (CPI) report indicates U.S. inflation has continued to print perpetual new highs, U.S. president Joe Biden is losing ground on his climate bill. The Biden administration’s recent budget negotiations and tactics toward dealing with inflation have been criticized by West Virginia’s senator Joe Manchin who […]

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Inflation Rises Sharply in the US as Consumer Prices in March Spiked to 8.5%

DIGIT — Tue, 12 Apr 2022 18:00:37 +0000

Inflation in the U.S. continues to remain red hot as consumer prices last month increased sharply to 8.5% in March compared to the same month last year. Metrics show the Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI) spiked last month at the fastest pace since December 1981. Inflation Continues to Hammer the US […]

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