Bitcoin rejects sell-off as 7.5% US inflation fails to keep BTC down for long
Bitcoin outsmarts bears as $1,800 losses turn to even stronger gains on the start of Wall Street trading. Go to Source Powered by WPeMatico
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Bitcoin outsmarts bears as $1,800 losses turn to even stronger gains on the start of Wall Street trading. Go to Source Powered by WPeMatico
America’s media, central bankers, and bureaucrats continue to debate the rising inflation in the U.S. that has raised the cost of living and increased the prices of goods and services nationwide. Senator Rand Paul, R-Ky., believes the inflation is “only going to get worse” and he published a report on the issue and blamed excessive … Read more
One of the hottest topics in the United States in 2022 is the rising inflation, as the U.S. Labor Department’s data published on Wednesday indicated that the consumer price index (CPI) rose to 7% in December. This represents the largest annual jump since 1982. Federal Reserve governor Lael Brainard is set to tell congressional leaders … Read more
Ethereum lost roughly 13.50% versus Bitcoin’s 9% decline in the past 24 hours. Go to Source Powered by WPeMatico
But concerns remain that the cryptocurrency would fall harder than its traditional rivals in 2022 on the U.S. Federal Reserve’s increasingly hawkish tones. Go to Source Powered by WPeMatico
On Monday, December 13, following Friday’s U.S. consumer price index report published by the Bureau of Labor Statistics, Americans are discussing the Federal Reserve. Thousands of tweets concerning the Federal Reserve topic have been trending on Twitter, as inflation has gripped the U.S. economy. Furthermore, Mohamed El-Erian, the chief economic advisor for the German multinational … Read more
The consumer price index (CPI) data released Friday by the U.S. Bureau of Labor Statistics show prices in the United States climbed 6.8% in November compared to 12 months ago. It’s the largest rise in close to forty years, and U.S. policymakers are backing away fast from saying inflation is transitory. Inflation Accelerates in the … Read more
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. Go to Source Powered by WPeMatico
Inflation marks just the start of some key macro decisions which could keep Bitcoin down for months, warnings say. Go to Source Powered by WPeMatico
By using crowdsourced price oracles, the developers behind Frax and Partisia hope to accomplish a more complete picture of the current inflation environment. Go to Source Powered by WPeMatico