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: inflation
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…
Bitcoin Climbs Above $22K as Powell Softens Tone on Day 2 of Congressional Testimony
The Fed chair said no decision has yet been made on the size of the coming March rate hike. U.S. Federal Reserve Chairman Jerome Powell…
Bitcoin Drops Even as Wall Street’s ‘Fear Gauge’ Indicates Calm Ahead of Fed Decision
“I don’t think the hawkish Fed trade has peaked,” one observer said. Bitcoin fell even as the Chicago Board of Options Exchange’s volatility index (VIX),…
Bitcoin, Ether Dip in ‘Bearish Asia Session’ as China Rate Cut Fails to Inspire Risk Buying
Bitcoin has carved out most of its year-to-date gains during the American hours. Bitcoin and ether were again trading lower in Asian hours, continuing the…
Inflation Is Rampant. Is It Time to Buy Bitcoin?
Bitcoin has shown an increasing tendency to track interest rate hikes, but professional investors still think record-high inflation is fleeting. Inflation has hit its highest…
Jerome Powell’s Coming Inflation Speech May Weigh On Dollar and Boost Bitcoin: Analysts
U.S. Federal Reserve Chair Jerome Powell is expected to bolster expectations of inflation during his keynote speech at the Jackson Hole Economic Policy Symposium on…