Bitcoin halts four day slide as CPI comes in better than expected

Spurred by better-than-expected U. S. Consumer Price Index (CPI) data, Bitcoin saw a 1. 6% increase in the 13:30 (BST) 30-minute candle to close at $28,197. The move was accompanied by high volume to break a four-day slide for the leading cryptocurrency.

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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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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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Bullish Bitcoin Hits $26,000 as Year-Over-Year CPI Comes in at 6.0%

Bitcoin bursts over $26,000 after the Consumer Price Index (CPI) comes at an expected rate of 6.0% Year-over-Year (YoY.) The post Bullish Bitcoin Hits $26,000 as Year-Over-Year CPI Comes in at 6.0% appeared first on BeInCrypto.

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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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Will Bitcoin Price Keep Pumping To $20,000? Watch This Now

The Bitcoin price hit a three-month high at $19,104 yesterday. After the Consumer Price Index (CPI) for December 2022 was announced at 6. 5% as expected, the market initially reacted cautiously and showed a pullback to below $17,900.

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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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Bitcoin and equities roll over as markets digest another round of rate hikes: MacroSlate Report

On December 13., a further decline of CPI to 7.1% was met by an expected rally in equities and a drop in the United States dollar and treasury yields. The post Bitcoin and equities roll over as markets digest another round of rate hikes: MacroSlate Report appeared first on CryptoSlate.

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Bitcoin Price Breaks Above $18,200 – CPI Data Comes In Better Than Expected

The first of two key events in a historic week for Bitcoin and financial markets worldwide is in the books. While the CPI release was today at 8:30 ET, the last FOMC meeting of the year is scheduled to take place tomorrow featuring a new dot plot.

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Bitcoin Bounces On Lower Than Expected CPI Data | BTCUSD November 10, 2022

Bitcoin has taken 10% back in a dramatic move following the announcement of October CPI data. CPI came in below expectations, causing a melt up in risk assets including cryptocurrencies. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): November 10, 2022 Before suggesting any type of bottom is in, more downside could still be ahead, with this recent movement being nothing more than a bearish retest.

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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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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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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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Weekly MacroSlate: A hotter than expected CPI print means a vicious stagflationary environment awaits Bitcoin

The post Weekly MacroSlate: A hotter than expected CPI print means a vicious stagflationary environment awaits Bitcoin appeared first on CryptoSlate.

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CryptoSlate Wrapped Daily: Bitcoin sinks 5% after CPI numbers; ETH PoW fork is expected Sept. 15

The biggest news in the cryptoverse for September 12 includes Bitcoin’s 5% price fall after the CPI report, Ravencoin seeing an increase in hashrate and price, and the Canadian Prime Minister’s criticism of the newly elected pro-Bitcoin leader of the conservative party.

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Hot CPI report puts a dent in Bitcoin and Ethereum rally, stocks also lose ground

BTC, ETH, altcoins and stock prices crumbled in the face of a hotter than expected CPI report. Is there room for a short-term recovery?

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WATCH: Bitcoin Brutalized After August CPI Data Release | BTCUSD September 13, 2022

In this episode of NewsBTC’s daily technical analysis videos, we take a look at Bitcoin price action following today’s selloff in reaction to August CPI numbers. Take a look at the video below: VIDEO: Bitcoin Price Analysis (BTCUSD): September 13, 2022 Today just so happened to be August CPI numbers release day, so volatility was expected all around.

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Bitcoin Drops Below $22,000 As U.S. CPI Declines Less Than Expected To 8.3%

Bitcoin failed to hold $22,000 as declines in energy prices drove down U.S. CPI less than expected to 8.3% in August; all other sectors rose MoM.

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First Mover Americas: Bitcoin Jumps After Core CPI for July Comes In Lower Than Expected

The latest price moves in bitcoin (BTC) and crypto markets in context for August 10, 2022.

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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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Crypto shines in spite of dire macro conditions

The recent market recovery has caught most by surprise, mainly because macro conditions have certainly not improved, most notoriously with the latest CPI data at 9. 1% year over year – much higher than expected.

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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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First Mover Americas: Bitcoin Drops After CPI Data Comes In Hotter Than Expected

The latest price moves in bitcoin (BTC) and crypto markets in context for July 13, 2022.

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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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Economist: 5 reasons today’s CPI data won’t see an ensuing crypto crash

The US Consumer Price Index (CPI) is expected out today, Wednesday July 13, and the market is highly watching the data release as a likely trigger of either fresh upside moves, or potential drawdowns ahead of a busy earnings season.

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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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Dow Suffers as Boeing Crisis, Consumer Inflation Pressure Stock Market

The Dow lagged behind its stock market peers on Tuesday as Boeing shares continued to plunge in the wake of another deadly airline crash involving a 737 MAX 8 jetliner. Meanwhile, a weaker than expected reading of the February consumer price index (CPI) suggests the Federal Reserve has plenty of scope to keep interest rates on hold for longer.

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