U.S. Inflation Was Negative in June; Bitcoin Jumps Above $59K
Market participants became increasingly convinced that the Fed was going to trim rates at its September meeting following the report. Inflation continued to retreat in…
Tag: CPI
Bullish Bitcoin Drivers Remain in Play Despite Germany’s Sales, Mt. Gox Reimbursements
Macro factors and persistent “risk-on” in traditional markets suggest a promising outlook after BTC-specific supply overhangs run dry. It may seem like turbulent times in…
Bitcoin, Ether, and Major Altcoins in Deep Red
Bitcoin and Ether lead in liquidation heatmap with over $335 million in rekt positions in the last 12 hours. Bitcoin (BTC), ether (ETH), Solana’s SOL, and other…
U.S. September CPI Rises 0.4%, Outpacing Forecasts; Bitcoin Slips Further
The year-over-year pace of inflation was 3.7%, also faster than economist expectations The Consumer Price Index (CPI) for September rose 0.4% versus economist estimates of…
US Inflation Rate Surges to 6.8% in November, a 4-Decade High; Bitcoin Jumps
Prices for bitcoin, seen by a growing number of investors as a hedge against inflation, jumped 2% after the CPI report from the U.S. Department…