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On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised the federal funds rate. U.S. Inflation Cools … Read more
BTC price performance gets a fresh boost from strong U.S. inflation data, with Bitcoin bulls eyeing a clean trend breakout. Go to Source Powered by WPeMatico
BTC price action becomes less sure of itself as a slew of U.S. macro data promises volatility across Bitcoin and risk assets. Go to Source Powered by WPeMatico
The annual inflation rate in China has unexpectedly slowed down in March to its lowest level in a year and a half, the latest statistical data indicates. On a monthly basis, consumer prices decreased for a second consecutive month, despite estimates suggesting they will remain unchanged. Post Zero-Covid Policy Inflation in China Eases Further China’s … Read more
Feelings over BTC price action diverge across short and long timeframes as the upcoming CPI and PPI prints unsettle the mood. Go to Source Powered by WPeMatico
XRP nears key breakout but lackluster volumes may spoil its 30% rally setup. Go to Source Powered by WPeMatico
BTC’s rally to $29,400 comes as the all important CPI report releases on April 12 and traders debate whether the Federal Reserve will pivot. Go to Source Powered by WPeMatico
After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Additionally, the majority of the market is pricing in another 0.25% increase for the May … Read more
Bitcoin seals its highest weekly close in ten months as CPI prepares to inject fresh volatility into BTC price and beyond. Go to Source Powered by WPeMatico
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Latin American nations ink an agreement to reduce inflation, Brazil-based BTG Pactual launches its own dollar-pegged stablecoin, and Argentina launches yet another dollar exchange rate. Latin American Nations Sign Pact … Read more