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),…
Tag: inflation
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…
MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
Publicly traded business intelligence firm MicroStrategy purchased 21,454 bitcoin on Tuesday, effectively pouring all $250 million of its planned inflation-hedging funds into the digital currency.…
Why Bitcoin-Like Scarcity Would Be a Disaster for the Dollar
Frances Coppola, a CoinDesk columnist, is a freelance writer and speaker on banking, finance and economics. Her book “The Case for People’s Quantitative Easing” explains…