2023-8-12 04:48 |
Modest Consumer Price Index (CPI) numbers mean that the chance of another rate hike is dwindling. origin »
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Modest Consumer Price Index (CPI) numbers mean that the chance of another rate hike is dwindling.
2023-8-11 04:48 | |
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Crypto prices have maintained a strong correlation with most macroeconomic factors. It’s no longer debatable that inflation affects the trend in the crypto market. Most past digital asset declines took root from the swing in the general global economy.
2022-9-16 05:25 | |
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Bitcoin fell to $85,000, as CPI data came in hotter month-over-month as odds of a Fed pause increase at next policy meeting in December.
Major U.S. equity indices closed the day lower as faster CPI reading for March, will BTC was up 1%.
Bitcoin retreats from its $72,000 high as investors eye the US CPI report, which could influence the Fed's interest rate decisions.
CPI joins macro data coming in higher than predicted, something not conducive to BTC price upside, Bitcoin analysts continue to imply.
Crypto exchange FTX got court approval to sell part of its $3.4 billion digital asset holdings.
Bitcoin (BTC) soared by over 5% on Tuesday to trade above $26,000 for the first time this week. A major contributor to this price rise was an increase in positive sentiment around the token as a result of Franklin Templeton, a $1.
US CPI numbers remain robust ahead of retail sales the Federal Reserve's meeting next week. The post US Inflation Data See Bitcoin and Equities Drop Ahead of Retail Sales appeared first on BeInCrypto.