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The total crypto market capitalization is rising toward $1.25 trillion, but an assortment of metrics show retail and institutions are not ready to “ape.” Go to Source Powered by WPeMatico
The CPI numbers are out and they might hold a bullish signal for Bitcoin (BTC). Join us as we discuss this and other topics with Tim Warren, co-host of Coffee N Crypto, and Caleb Franzen. Go to Source Powered by WPeMatico
After last June’s inflation report published by the U.S. Bureau of Labor Statistics indicated that the Consumer Price Index (CPI) reflected a 9.1% year-over-year increase, July’s CPI data has come in lower with a year-over-year increase of 8.5%. Economists polled by media publications estimated that July’s CPI data would print 8.7%, however, July’s core CPI, … Read more
Derivatives data show a clear path to $29,000, but inflation and unemployment data will continue to be crucial to determining BTC price rallies. Go to Source Powered by WPeMatico
Lower than expected inflation data sparks an instant rally in crypto, while the U.S. dollar pays the price. Go to Source Powered by WPeMatico
Ethereum was once again volatile on Wednesday, as prices of the token fell below $1,700 ahead of the latest U.S. inflation report. However, following the report, which came in at 8.5% in July, the token surged back above this point. Bitcoin was trading lower, as it continued to hover below $24,000. Bitcoin Bitcoin (BTC) was … Read more
Traders tuck their tails as this week’s CPI print approaches and BTC and ETH price fall back into range to test underlying support. Go to Source Powered by WPeMatico
Investors avoid risk assets during a crisis, but excessive cash sitting in financial institutions could also be good for the cryptocurrencies. Go to Source Powered by WPeMatico
Optimism and expectations increase around crypto markets, but U.S. inflation data looms large this week. Go to Source Powered by WPeMatico
The latest U.S. inflation data is poised for release this week as Bitcoin price action spikes higher after a promising weekly close. Go to Source Powered by WPeMatico