Bitcoin, Ether Nurse Losses as U.S. Stagflation Fears Grip Market

2024-4-29 07:32

The crypto market is balancing the threat of stagflation against a liquidity injection from the Treasury General Account (TGA), and the launch of Hong Kong's bitcoin ETFs.

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Research: Bitcoin remains under pressure ahead of CPI data; Michael Burry makes stagflation call

Analysts forecast a year-over-year increase of 6.5% in the United States Consumer Price Index (CPI) for December 2022 — with the Bureau of Labor Statistics’ official data releasing January 12 — but 2023 could bring some upside as investor Michael Burry expects CPI to move lower this year but warned that any subsequent pivot on interest […] The post Research: Bitcoin remains under pressure ahead of CPI data; Michael Burry makes stagflation call appeared first on CryptoSlate.

2023-1-12 23:35