2022-8-11 11:24 |
Another surprise inflation increase could make things “ugly” for crypto markets, one trader warns, with hours left before the CPI release.
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Altcoins like Toncoin, Compound, Maker, and Hedera Hashgraph jumped on Wednesday. The US published strong consumer inflation data as the CPI soared to 3. 7%. Cryptocurrency prices reacted differently to the latest US consumer inflation data.
2023-9-14 18:13 | |
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Bitcoin surged after July’s CPI data showed that inflation has started to decline after several months of record-breaking rates. Similar to earlier instances, the price of bitcoin climbed close to $24,000.
2022-8-11 01:56 | |
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BTC jumps sharply on CPI news before moderating.
2022-8-11 23:50 | |
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The crypto market has been trading in the green over today’s session as it sees some relief from macro-economic factors. Today, the U. S. published July’s Consumer Price Index (CPI) print which hinted at a slowdown in inflation and allow Bitcoin, Ethereum, and others to experience some relief.
2022-8-11 22:18 | |
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The price of Binance coin (BNB) continues to look strong as it holds its support against Tether (USDT) after the Consumer Price Index (CPI) announcement. The CPI tends to provide a gauge as regards inflation in the economy while instigating BTC prices and other altcoins.
2022-8-11 20:40 | |
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The price of Bitcoin (BTC) bounced off its key support against Dollars (USD) after the Consumer Price Index (CPI) announcement in the United States. The metric is used to measure inflation in U. S. dollar and hints at a potential slowdown.
2022-8-11 20:01 | |
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US inflation potentially peaked as we are seeing reversal in CPI numbers that fuels price increase on crypto market
2022-8-10 17:36 | |
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The price of Bitcoin moved higher following the release of Consumer Price Index (CPI) data by the United States Bureau of Labor Statistics (BLS), showing no change in July. The post Bitcoin spikes to $24,000 as CPI inflation remains unchanged at 8.5% appeared first on CryptoSlate.
2022-8-10 15:55 | |
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Crypto markets responded positively after the slower-than-expected inflation reading, which takes some pressure of the Federal Reserve to continue to hike aggressively at the September meeting.
2022-8-11 15:48 | |
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Crypto markets responded positively after the slower-than-expected inflation reading, which takes some pressure of the Federal Reserve to continue to hike aggressively at the September meeting.
2022-8-10 15:48 | |
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At the last meeting in mid-June 2022, the Federal Open Market Committee (FOMC) announced their biggest interest rate hike in four decades of 75 basis points. Following this interest rate announcement, the crypto markets collapsed in anticipation of future interest rate hikes to curb rising inflation amidst fears of a looming global recession. At the […]
2022-7-19 00:52 | |
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Bitcoin continued to exude strength on Friday despite worse-than-expected inflation figures earlier in the week.
2022-7-15 17:23 | |
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For the month of June 2022, the US Bureau of Labor Statistics published its Consumer Price Index. The Negative CPI was found to be 9. 1%, the largest inflation increase in the US in the previous 40 years.
2022-7-14 23:17 | |
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With the latest release of CPI data, inflation is rising, and crypto markets continue to face mounting bearish pressure. While some traders might take the short-term selloff as negative news, for long-term investors, the decreasing prices for digital assets spell an increase in opportunity to Dollar-Cost Average and purchase underrated projects at undervalued prices.
2022-7-14 17:55 | |
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CPI inflation data reached a 40-year high of 9.1% in June with the largest price increases occurring in the energy sector, seeing fuel and oil rising almost 100%.
2022-7-14 16:55 | |
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U.S. inflation comes in a full 0.3% higher than expected, causing a dollar strength spike and the euro to fall below parity with USD.
2022-7-14 16:09 | |
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The new Consumer Price Index (CPI) reading keeps pressure on the U.S. central bank to further tighten monetary policy aggressively at its next meeting later in July.
2022-7-13 15:51 | |
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As a result of the continually rising U.S. inflation, markets are already betting on another 75 basis points hike from the Federal Reserve later this month. June CPI Hits Four-Decade...
2022-7-13 15:37 | |
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A hotter-than-expected core CPI figure could bring renewed selling pressure to the bitcoin market.
2022-7-13 13:57 | |
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Crypto market jitters around inflation expand with Bitcoin and Ethereum dropping to levels not seen since last week.
2022-7-13 13:49 | |
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A potent combination of CPI figures and more make for a problematic week as Bitcoin price struggles.
2022-7-12 10:00 | |
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Even with the Fed raising interest rates by unprecedented amounts, last week’s Consumer Price Index (CPI) numbers showed a further 6% gain. Record gas prices continue to drive inflation at an incredible rate, causing uncertainty in global markets.
2022-6-16 16:57 | |
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As traders buckle down for the weekend, Bitcoin prices ushered in Friday’s session rather sluggishly. During European trading hours, Bitcoin stayed slightly around $30,000, displaying signs of weakening ahead of the U.
2022-6-11 13:20 | |
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Global financial markets and crypto sold off after June 10’s 8.6% CPI print showed inflation remains a persistent challenge.
2022-6-11 22:45 | |
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The crypto market is retesting critical support areas as the U. S. Consumer Price Index (CPI) print surpasses expectations. The metric is used to measure inflation in the U. S. dollar, and it recorded an 8.
2022-6-11 21:00 | |
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The consumer price index data shows that the U.S. annual inflation rate has hit a fresh four-decade record of 8.6%. May CPI Prints at Four-Decade High of 8.6% U.S. inflation...
2022-6-10 17:54 | |
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CPI inflation data exceeded market expectations, maintaining a near 40-year high of 8.3% as bitcoin falls below its $30,000 line of support.
2022-5-12 17:38 | |
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Leading digital currency briefly goes below $30,000 level on new CPI report, while $406 million liquidations occur on the market within one hour
2022-5-12 17:29 | |
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Potential relief for macro pressure offers no respite for Bitcoin as BTC price action returns to new ten-month lows.
2022-5-12 16:18 | |
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The consumer price index (CPI), reported by the Labor Department, was at 8.3% in April, down from 8.5% in March.
2022-5-11 15:37 | |
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Data analyzed by the Turkish Statistical Institute shows hyperinflation reaching as high as 105% for transportation costs as the Lira continues to diminish.
2022-5-6 17:58 | |
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The price of Bitcoin rose after March CPI data confirmed that inflation in the United States continues to increase, hitting the highest level in 40 years. The post Bitcoin sees positive reaction as inflation hits 8.
2022-4-12 21:00 | |
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The price of Bitcoin rose after March CPI data confirmed that inflation in the United States continues to increase, hitting the highest level in 40 years. The post Bitcoin has initial positive reaction as inflation hits 8.
2022-4-13 21:00 | |
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Bitcoin sees competition from commodities after failing to put in lasting gains from the latest U.S. inflation news.
2022-3-10 18:26 | |
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2022-3-10 17:18 | |
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Bitcoin, seen by some investors as a hedge against rising prices or dollar devaluation, was little changed after the Consumer Price Index (CPI) report, which closely matched economists' expectations.
2022-3-10 16:53 | |
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The Consumer Price Index (CPI) report, due out from the Department of Labor's Bureau of Labor Statistics at 8:30 a.m. ET on Thursday, is expected to show inflation ticked up to 8% in February, a fresh four-decade high.
2022-3-10 01:22 | |
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The run-up to the latest snapshot of just how bad U.S. inflation is seeing Bitcoin breakthrough range low resistance.
2022-3-9 12:44 | |
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Inflation is at a 40-year high as investors begin to panic. Prior to the release of the report, cryptocurrency prices spiked. So far, the crypto market appears to be holding up. The United States Labor Department recently released the Consumer Price Index (CPI) for January.
2022-2-15 21:08 | |
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The increasing inflation in the US continues to push serious concerns. According to the latest data, the Consumer Price Index (CPI) has reached the level of 7. 5% per year, indicating the highest inflation rate since February 1982.
2022-2-13 22:40 | |
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The U.S. CPI for December was released and this month could see peak dollar inflation. How will the bitcoin price reflect that?
2022-1-14 05:00 | |
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U. S inflation rate just hit 7% — the highest in 40 years. The latest Consumer Price Index (CPI) report spurred a >3% and 4. 5% rebound in price value for Bitcoin and Ethereum, moving their unit value above to $43,000 and $3,300.
2022-1-14 12:36 | |
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The December Consumer Price Index (CPI) in the United States rose to 7. 0 percent year-over-year, according to the latest inflation report from the United States Labor Department’s Bureau of Labor Statistics (BLS) on Wednesday.
2022-1-13 22:30 | |
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2021-12-11 19:25 | |
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Bitcoin jumped higher on the CPI data, trading like a macro asset once again
2021-12-10 16:49 | |
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Partisia Blockchain and Frax have joined forces to a new distributed ledger technology-powered, highly accurate inflation tracker dubbed the Frax Price Index (FPI). The team claims the newly-launched FPI is the blockchain replacement of the hugely criticized Consumer Price Index (CPI).
2021-12-10 20:00 | |
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The Consumer Price Index (CPI) in the U.S. has hit a three-decade high. It is noteworthy that the U.S. Labor Department data pins the non-seasonal figure at 6.2% over the last 12 months. Source: tThe post As fear of inflation runs high, experts discuss its impact on Bitcoin appeared first on AMBCrypto.
2021-11-13 02:30 | |
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Grayscale has exceeded the biggest gold management fund in the world after the release of its updated holdings. The flip comes right after the CPI report that showed sky-high inflation levels. Grayscale has a Bitcoin spot ETF in its crosshairs as it seeks approval from the SEC.
2021-11-13 00:28 | |
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With the U.S. CPI continuing its accelerating trend, bitcoin offers a critical hedge against money printing.
2021-11-12 03:00 | |
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Genesis Digital Assets Limited (GDA), a leading force in the global Bitcoin mining sector, has partnered with YPF Luz, a subsidiary of Argentina’s state-owned energy company YPF. Together, both partners have established a new Bitcoin mining facility that capitalizes on an innovative energy resource: stranded gas from oil fields.
Recent findings from BitMEX Research have reignited concerns about the centralization of Bitcoin mining. Their study, which cites insights from Bitcoin analyst Alex Bergeron, points out that a single entity now controls the Coinbase outputs for approximately 47% of the network hashrate—a significant concentration that suggests a shift toward oligopolistic tendencies within the Bitcoin mining […]
Bitcoin Core has officially launched version 27. 0, incorporating an array of enhancements and updates designed to bolster the functionality and security of the Bitcoin network. The update, which can be downloaded from the Bitcoin Core website and GitHub, includes notable changes in network protocols, security measures, and wallet operations.
On Tuesday, the crypto market was off guard when Cathie Wood’s ARK 21Shares spot Bitcoin ETF (ARKB) experienced a significant outflow. This marked the first time since the introduction of spot Bitcoin ETFs in the United States that one of the “Newborn Nine” surpassed the outflows of Grayscale’s Bitcoin Trust (GBTC).
The Bitcoin price has crashed from over $72,000 yesterday to as low as $65,500. As reported earlier today, there are several obvious reasons for this, such as the liquidation of extensive long positions on the red-hot futures market, expectations of a “higher for longer” policy by the US Federal Reserve as a result of hotter than expected inflation data and a relatively weak inflow day for the spot ETFs yesterday.
Just below the all-time high of $69,000, the Bitcoin price has shown more volatility in recent days, only to now tread water around $67,000. But this boredom could soon be over. Following the recent price movements, a notable pattern has emerged on the Bitcoin (BTC) price chart, as recognized by the seasoned crypto analyst Josh Olszewicz.
In a remarkable display of bullish momentum, the Bitcoin (BTC) price has surged, nearly touching its all-time high of $69,044 set in November 2021. The cryptocurrency’s value climbed to an impressive $68,848 before facing a 5% correction, subsequently dropping to $64,200.