CPI data is in line with forecasts but still shows a huge spike, while the long-term consequences for Bitcoin are far from universally positive.
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Category: CPI
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Bitcoin hovers near $48K ahead of fresh key US inflation data
Inflation marks just the start of some key macro decisions which could keep Bitcoin down for months, warnings say.
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Inflation benchmark Frax Price Index to launch on Partisia blockchain
By using crowdsourced price oracles, the developers behind Frax and Partisia hope to accomplish a more complete picture of the current inflation environment.
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Bitcoin price dips under $60K as Dollar Strength Index reaches 16-month highs
The greenback regained strength in hopes that stronger inflation data in the U.S. would revive a tighter monetary policy and after better-than-expected retail sales growth.
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US Faces More Inflation Woes as CPI Hits Highest Record in 30 Years
U.S. inflation continues to roar higher as this week’s data from the consumer price index (CPI) jumped 6.2% from a year ago. Americans are concerned as the Federal Reserve has expanded the monetary supply like at no other time in history, suppressed the benchmark interest rate, and U.S. politicians are creating multi-trillion-dollar packages with money […]Powered by WPeMatico
‘Resistance is futile’ — 5 things to watch in Bitcoin this week
A surprise surge greets BTC hodlers at the start of the new week with $65,000 suddenly returning overnight.
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Bitcoin jumps toward $49K amid fears 5%-plus inflation is here to stay
The rush to so-called safe-haven cryptocurrency appears despite concerns that the Federal Reserve would taper its $120 billion a month asset purchasing program.
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Bears lick their paws while Bitcoin price blasts through $46,000
Derivatives data show the market is dominated by longs and that top traders added leverage as BTC price rallied to $46,300.
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Big bullish pattern on US dollar index chart puts Bitcoin at risk of losing $30K
A strengthening dollar could be negative for pretty much every risk asset on board, including Bitcoin, whose value boomed against the dwindling greenback after March 2020.
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Bitcoin sell-off continues as BTC nears $31K ahead of Powell’s speech
The latest price declines came after the US inflation rose to a 30-year high in June.
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