Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report

Increasing concerns about sticky inflation hit risk assets across all markets including cryptos.

Bitcoin interest in Argentina hits 20-month high as inflation soars above 270%

As Argentina’s inflation climbs, Bitcoin gains popularity over fiat currencies, driving increased crypto purchases and scam activity. In Argentina, where inflation has surged to staggering levels, Bitcoin is emerging as a preferred hedge against economic instability, Bloomberg reports, citing data…

Crypto market, Bitcoin go bearish following US CPI report

The global crypto market and the leading cryptocurrency, Bitcoin (BTC), registered a slight decline as the U.S. Consumer Price Index (CPI) data exceeded expectations. According to data from the CME Group, the CPI annual rate dropped from 3.4% to 3.1%…

Bitcoin Drops 2% on Hotter-Than-Expected U.S. Inflation

The CPI reading reduced expectations for interest-rate cuts in the next months, weighing on risk assets such as crypto.

Crypto Market Reaction: US CPI Comes in Hot for December

The US CPI came in 3.4%, while core came in higher than expected. Stocks are plunging.

The post Crypto Market Reaction: US CPI Comes in Hot for December appeared first on BeInCrypto.

3 reasons why Bitcoin price failed to break $37K

Bitcoin’s latest price pullback to $35,000 was driven by softer U.S. inflation, China’s economic challenges and regulatory uncertainties.

Bitcoin bounces at $36.2K lows as CPI inflation slows beyond forecasts

CPI positively surprises stocks, and Bitcoin catches a bid as inflationary pressures are shown to be declining faster than thought.