Bitcoin stands tall as US inflation data surpasses market expectations

2023-9-13 15:38

Quick Take

The US Consumer Price Index (CPI) inflation data released today, Sept. 13, marked an uptick, outstripping the consensus forecast at 3.7%, a slight deviation from the predicted 3.6%. This unexpected surge in inflation underscores a potent macroeconomic environment with an escalating cost of living.

In parallel, core inflation, a measure that excludes volatile sectors like food and energy, dropped to 4.3%, matching market expectations. The parallelism of these two indices suggests a potential decoupling of core goods from the broader inflation trend, adding another layer of complexity to the inflation narrative.

Meanwhile, Bitcoin, a digital asset often viewed as a hedge against inflation, continues to hold its ground above $26,000. This stable performance amidst turbulent economic indicators adds to the growing intrigue surrounding the cryptocurrency’s role in diversifying investment portfolios in times of economic uncertainty.

Inflation: (Source: Trading Economics)

The post Bitcoin stands tall as US inflation data surpasses market expectations appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Streamr DATAcoin (DATA) на Currencies.ru

$ 0.0330459 (+1.93%)
Объем 24H $1.918m
Изменеия 24h: 2.07 %, 7d: -6.99 %
Cегодня L: $0.0310604 - H: $0.0330459
Капитализация $35.554m Rank 632
Цена в час новости $ 0.0206705 (59.87%)

inflation data predicted unexpected surge deviation forecast

Источник: cryptoslate.com

inflation data → Результатов: 126


Fed Balance Sheet Hits $8 Trillion for the First Time, US Inflation Sees Biggest Surge in 13 Years

The balance sheet of the Federal Reserve has topped $8 trillion for the first time, according to the weekly data published by the US central bank on its holdings. At $8 trillion, the Fed’s assets have about doubled since it started large-scale purchases in March 2020 to combat the effect of the coronavirus pandemic.

2021-6-11 16:05


This On-Chain Data Suggests Unannounced Companies are Accumulating Bitcoin

The crypto community was ablaze with joy after news broke regarding Square’s decision to buy Bitcoin to hold as a reserve asset This decision came about just months after MicroStrategy made a similar choice, albeit on a larger scale If this trend gains steam as the dollar continues seeing unprecedented inflation, it could be a catalyst for massive BTC upside The significance of this should not be understated, but data seems to indicate that Square […]

2020-10-10 02:00


Фото:

Report Finds Public Trust of Bitcoin Will Soon Outweigh that of Big Banks

Bitcoin’s status as a “safe haven asset” has grown in recent times due to its performance against a backdrop of global uncertainty This narrative has also been bolstered by the massive amounts of money printing and inflation seen throughout the globe The recent halving event shined a spotlight on Bitcoin’s deflationary structure and fixed supply All these factors appear to have built up the public’s trust in the benchmark cryptocurrency New data shows that the […]

2020-6-25 02:00


Фото:

Bitcoin Trading Volumes Soar in Venezuela and Other Inflation Stricken Countries

Data shows that the volume of BTC transactions on the over-the-counter peer-to-peer marketplace, LocalBitcoins, has increased dramatically in countries suffering from high inflation rates. While the numbers are not quite as high as some of the most popular cryptocurrency markets in some of the larger developed nations like the United States, for example, trading volume […] The post Bitcoin Trading Volumes Soar in Venezuela and Other Inflation Stricken Countries appeared first on BeInCrypto.

2020-1-4 05:15


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

CoinEx over $27M hack loss traced to North Korean hackers

The over $27 million hack of crypto exchange CoinEx was carried out by the North Korean Lazarus Group, blockchain security firm SlowMist reported on Sept. 13. The findings were corroborated by prominent on-chain sleuth ZachXBT, who posted that the group accidentally connected their address to the $41 million Stake hack on Optimism and Polygon.

Stake co-founder Eddie Craven shares details on $41m heist

Despite looting $41 million in cryptos, Stake co-founder Ed Craven said the hackers did not compromise private user info or access customer funds during the attack. Edward Craven, co-founder of crypto casino Stake, published preliminary findings from a Sept. 4…