Market Wrap: Prices Plunge Following Hot Inflation Report, Then Reverse Course Completely

2022-10-14 00:28

The Consumer Price Index inflation data arrived higher than expected, and markets responded in roller-coaster fashion before settling down. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

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No Imminent Crypto Market Upurge Expected Following Release Of June 2022 US CPI Data

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


Top 3 Metaverse Crypto Coins Below $14 Million Market Cap to Watch in July 2022

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