May CPI report shows disinflation persisting as Bitcoin rises

Quick Take The U. S. consumer price index report for May came in today with numbers lower than expected. The trend of decreasing inflation persists in the U. S. ; however, the core index remains persistently high.

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ECB President Says Euro Zone Inflation Still ‘Too High’ as Rate Falls Lower than Expected to 6.1%

Coinspeaker ECB President Says Euro Zone Inflation Still ‘Too High’ as Rate Falls Lower than Expected to 6. 1% Inflation in the Euro zone has fallen to 6. 1% as individual countries are also recording reductions.

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Eurozone inflation data trends for core CPI, unemployment remain strong

Quick Take Eurozone data continues to emerge today, with key economic indicators maintaining their trends. Euro area unemployment was at 6. 5% in April 2023, a historically low. Europe’s Core CPI (YOY) eased more than expected but stayed elevated at 5.

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Bitcoin Price Blasts Above $28,000 Following 4.9% April CPI Report

Bitcoin price may have resumed its bullish momentum, following a cooler than expected April 2023 CPI report. The Consumer Price Index, a key measure of inflation, fell to 4. 9% – lower than the expected 5.

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CPI comes better than expected, Bitcoin breaks $28,000 – core inflation doesn’t budge

Quick Take CPI year-over-year came in at 4. 9%. It was expected to come in at 5. 0% While core CPI year-over-year came in at 5. 5% and was expected at 5. 5% Bitcoin broke $28,000 on the news of CPI.

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Bitcoin And Inflation: What’s Next For BTC After CPI Rates Came In Lower Than Expected?

As the highly anticipated Consumer Price Index (CPI) report was released, the cryptocurrency market has been on a rollercoaster ride this week. While the CPI came in lower than expected, indicating a cooling down of inflation, the impact on the market was anything but steady.

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Macro Insights: European CPI reaccelerates, when economists expected a slowdown

Quick Take Consumer price inflation came in hot for the E.U.

The post Macro Insights: European CPI reaccelerates, when economists expected a slowdown appeared first on CryptoSlate.

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Are BTC mining stocks still a good bet after inflation ticked up in January?

U. S. consumer prices were up a more than expected 6. 4% in January. Bitcoin mining stocks still gained near 20% in the week ended Feb 19th. Mike Colonnese reiterated his bullish view on BTC miners today.

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Latin American Stablecoin Adoption Expected to Grow Amid High Inflation

Crypto winter didn’t slow down stablecoin use in Latin America in 2022.

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Crypto prices surge via strongest rally in 9 months, but why?

Key Takeaways Bitcoin is back in the 20s, Ethereum has crossed $1,500 and altcoins are powering north in what is the biggest crypto rally in 9 month Optimism that Federal Reserve will pivot off high interest policy sooner than expected, following cooler inflation data Next big day for crypto markets is February 1st, when the […] The post Crypto prices surge via strongest rally in 9 months, but why? appeared first on CoinJournal.

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I asked ChatGPT Bitcoin's price prediction and it gave me a wonderful answer

On the morning of 12 January, the markets patiently awaited U.S. CPI data for the month of December. Investors, across the board, expected inflation to go south of 7% - Well, for the very first time sThe post I asked ChatGPT Bitcoin's price prediction and it gave me a wonderful answer appeared first on AMBCrypto.

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I asked ChatGPT Bitcoin's price prediction and it gave me an accurate answer

On the morning of 12 January, the markets patiently awaited U.S. CPI data for the month of December. Investors, across the board, expected inflation to go south of 7% - Well, for the very first time sThe post I asked ChatGPT Bitcoin's price prediction and it gave me an accurate answer appeared first on AMBCrypto.

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Inflation Expected to Tick Down in Latest CPI Report

FactSet estimates that the CPI will drop to 8%, but whether the decline is enough to encourage the Federal Reserve to ratchet back its monetary hawkishness remains unclear.

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Fed's Preferred Inflation Gauge Rises Less Than Expected, and Bitcoin Rises

Bitcoin pops after U.S. PCE price index comes in slightly slower for September than predicted by economists.

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What holds for ApeCoin after meeting resistance at $5?

Cryptocurrencies staged a comeback after the Canadian central bank raised interest rates lower than expected. Coming amid a period of high inflation and high borrowing rates, speculations now shift to whether other jurisdictions will do the same.

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US GDP Expands 2.6% in Q3, Faster Than Expected; Bitcoin Steady

Any growth in gross domestic product might be negative for the bitcoin market, since the Federal Reserve will have to keep raising interest rates to bring down inflation – typically bad for prices of risky assets.

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Bitcoin Parries Full-Blown CPI Onslaught, Recovers Above $19,000 Level

Bitcoin bucked its shaky initial reaction to the latest Consumer Price Index (CPI) report released on Thursday, rebounding right away after an expected price decline. Bitcoin nears $20K mark after the CPI report was released Inflation in U.

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

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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Bitcoin Sinks After US CPI Report Shows Inflation Hotter Than Expected

The "core" Consumer Price Index, seen as a more steady indicator of inflation, rose 6.6% from a year prior – a four-decade high.

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Market Wrap: Bitcoin Trades Higher Amid Muted Expectations for Next Inflation Reading

Thursday’s Consumer Price Index is widely expected to show inflation still above 8%. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets.

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Fed Hikes Rates by Another 75 Basis Points

The latest rate hike from the Fed comes after the latest Consumer Price Index registered a higher than expected inflation rate of 8.3% in August. Fed Announces Another Rate Hike...

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Fed Preview: Bitcoin Investors to Look Past Jumbo Rate Hike and Focus on Economic Assessment and Borrowing Cost Estimates

The economy has remained stronger than policymakers expected in July. So hawkish risk is that chairman Powell says the inflation fight is still in early stages, implying a higher terminal or peak rate.

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What does the Fed’s fight against inflation mean for crypto? Macro analyst explains

Macro analyst Lyn Alden explains why the Fed's efforts to curb inflation may take longer than expected and how they will impact the crypto markets.

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Bitcoin Struggles To Cement Its $20K Price Mark While Chainlink Outperforms

The crypto market hasn’t been propitious since the Fed’s interest rate hikes. As the fight against inflation becomes more aggressive, the financial markets bleed. Many coins are trading in the reds instead of recovering as investors expected.

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Here’s Why Scaramucci Expects Bitcoin Price To Reach $300,000 Before 2030

The market recovery has seen the bitcoin price reach higher highs than expected in the short term. This has come following the announcement that the inflation rate of the US is slowing down, and more investors are bullish once more in the market.

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Bitcoin price sees $24K, Ethereum hits 2-month high as US inflation shrinks

Lower than expected inflation data sparks an instant rally in crypto, while the U.S. dollar pays the price.

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U.S. Inflation Slowed To 8.5% In July. Bitcoin Claims $24,000

U.S. CPI data came lighter than expected at 8.5% in July, but rampant inflation is still present in the energy sector; bitcoin jumps.

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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 […]

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Bitcoin, Ether, XRP, Cardano Steady Despite Worse Than Expected CPI Data — BTC Finally Inflation Proof?

Bitcoin continued to exude strength on Friday despite worse-than-expected inflation figures earlier in the week.

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Bitcoin, Altcoins and Market Tumble Down as Inflation Hits 40-Year High of 9.1%: Crypto Market Review, July 13

Unexpectedly high inflation numbers strike again and push cryptocurrency market down, but it is not as bad as some expected

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Bitcoin tanks on highest CPI data since 1981 as BTC price dips under $19K

U.S. inflation comes in a full 0.3% higher than expected, causing a dollar strength spike and the euro to fall below parity with USD.

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Feds Expected to Hike Interest Rate Again as Crypto Market Falters

With the Federal Open Market Committee (FOMC) scheduled to meet on Wednesday, some analysts expect interest rates to rise to combat inflation. The post Feds Expected to Hike Interest Rate Again as Crypto Market Falters appeared first on BeInCrypto.

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Extraordinarily elevated inflation expected today, April 12. Will Bitcoin react?

As Bitcoin drops into the $39,000 range for the first time since March 16, the White House has just announced. The post Extraordinarily elevated inflation expected today, April 12. Will Bitcoin react? appeared first on CryptoSlate.

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Bank of England Raises Interest Rates Back to Pre-Pandemic Level of 0.75%

The Bank of England has raised interest rates to 0.75% in a bid to curb soaring inflation which is expected to peak at 7.25% in April.

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$40K Bitcoin price is in reach, but analysts warn that a sweep of recent lows is likely

Sky-high inflation, fear over the Fed’s expected rate hike and exploding commodity prices are all possible reasons for BTC’s recent dip below $40,000.

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Inflation, Tracked by Bitcoiners, Keeps Accelerating, and It Hasn't Even Peaked

The Consumer Price Index (CPI) report, due out from the Department of Labor's Bureau of Labor Statistics at 8:30 a.m. ET on Thursday, is expected to show inflation ticked up to 8% in February, a fresh four-decade high.

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US Jobs Up 678K in February, More Than Expected, Adding to Price Pressures

Bitcoin traders were monitoring the report since the Federal Reserve's efforts to slow inflation appear to be putting downward pressure on the cryptocurrency's prices.

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Bitcoin Rises as Inflation Hits 7%

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Crypto Expected to “Outperform” if Inflation Persists, Bitcoin and Ether Options OI Trend Upwards To New Highs

Still, froth and sky-high valuations coupled with inflation and the resultant tapering could set the markets up for a “significant correction.” The post Crypto Expected to “Outperform” if Inflation Persists, Bitcoin and Ether Options OI Trend Upwards To New Highs first appeared on BitcoinExchangeGuide.

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Assessing if Litecoin’s position as an inflation hedge can push it to $500

Litecoin, over the past year or so, has been gradually pushed out of the list of top-10 coins ranked by market cap. As expected, newer coins soon gained traction on the charts. Over the last few mThe post Assessing if Litecoin’s position as an inflation hedge can push it to $500 appeared first on AMBCrypto.

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Bitcoin hits $45K ahead of July inflation report, but one fractal hints at looming correction

The flagship cryptocurrency hits its highest level in more than two months as inflation is expected to rise by another 0.5% in July.

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Hedging Inflation with Dividend Futures?

Could S&P 500 annual dividend futures serve as an inflation hedge if rising consumer prices turn out to be more persistent than expected by the Fed?

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The Uncertain Path of Inflation

There are two divergent narratives on rising inflation: it will be transitory as expected by the Fed, or it might stick.

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The Dip Before The Run: Why We’re Headed For $250,000 Bitcoin

Investment funds holding bitcoin, Powell admitting inflation may be higher than expected, and more in this edition of Last Week In Bitcoin.

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Powell Admits Inflation Could Be Higher Than Expected, Making Case For Bitcoin

Federal Reserve Chair Jerome Powell conceded that inflation could be higher than expected, leaving no alternative to Bitcoin.

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Bitcoin price falls after Fed shifts interest rate hikes forward amid inflation fears

Stock markets and Bitcoin price took a slight hit after the Federal Reserve announced plans to increase interest rates twice in 2023, a tad bit earlier than markets expected.

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Biden's $6 Trillion Budget Could Fuel Inflation Fears And Bitcoin Gains

The president wants to print like he’s got his own bitcoin bags, and there is no end in sight to the monetary expansion expected to come.

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Bridgewater Associates CEO Ray Dalio Owns Bitcoin, But Cautions its ‘Greatest Risk is its Success’

We’re in the part of the cycle where gold, bitcoin, real estate, everything is going up, but with the US dollar on the verge of devaluation and inflation looming, future expected returns go down after a point, meaning there’s “no longer the incentive to buy those things.

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Mexico Set to Raise Rates?

As core inflation ticks higher, Mexico is expected to raise rates this year.

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