U.S. CPI Rose Softer Than Expected 0.1% in May, Sending Bitcoin Higher
The core rate rose just 0.1% as well, far less than the 0.3% forecast. There was good news on the U.S. inflation front in May…
Tag: inflation
Crypto Daybook Americas: Bitcoin Defies Peak Fear as U.S. Dollar Plunges Over Trump’s China Trade War
As the trade war between the U.S. and China escalates, with the latter raising tariffs on the former from 84% to 125% this morning, bitcoin…
Crypto Daybook Americas: PumpSwap Brings in the Cash as Trump Tariffs Hang Over Bitcoin
With trade tensions escalating, Asian and European stocks extended last week’s declines. Japan’s Nikkei 225 fell 4%, taking it into correction territory after dropping more…
Trump’s First Inflation Report Due as Risk investors Seek Signs of Cooling
Slower inflation could raise the chance of interest-rate cuts that might boost riskier assets such as cryptocurrencies. The consumer price index (CPI) report due Wednesday…
Disappointing U.S. CPI Data Sends Bitcoin Tumbling Below $95K
Both the headline and core rates of inflation rose faster than expected in January. U.S. inflation unexpectedly marched higher in January, sending crypto and traditional…
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…
Bitcoin’s Double Top Suggests BTC Could Fall to $50K: Analyst
The bearish pattern hints at a further correction. Bitcoin (BTC) has carved out a double-top price pattern, signaling a potential bearish trend change ahead of key data…
U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K
In a year of mostly bad news on inflation, the government’s Wednesday report gave some hope that Fed rate cuts might still be on the…
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…
Bitcoin Steady Above $30K as China Factory Deflation Suggests End of Global Tightening Cycle Is Near
China is exporting deflation across the Western world. Ultimately this will be good for risk assets as it relates to the end of the global…