Deciphering the latest CPI data causing a conundrum for Powell

Quick Take The most recent U. S. Consumer Price Index (CPI) data unveils a clear reacceleration in headline inflation, marking a first in over a year. As per data from SuperMacro, the ‘super-core’ measure – essentially inflation excluding core services and shelter – has edged up to 4% from the previous 3.

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Parsing Inflation, Jobs Data

Tracking month-on-month inflation data could help to better understand the rise in consumer prices.

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Crypto Market Bloodbath: Bitcoin Crashes to $23,000, Two Stablecoins Lose Their Peg

Digital assets market is struggling to exit death spiral fueled by inflation data and funds outflow

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Highlights June 13: Dreadful day for crypto, Convex Finance drops 50% in a week

Cryptocurrencies have been hit very hard by US inflation data, the war in Ukraine… The post Highlights June 13: Dreadful day for crypto, Convex Finance drops 50% in a week appeared first on CoinJournal.

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Inflation Hits Unexpected 40-Year High Of 8.6% As Bitcoin Holds $29,500

Inflation data shows a 106% increase in fuel oil year-over-year with an unexpected 40-year high Consumer Price Index report of 8.6% as bitcoin dips to $29,500.

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U.S. Inflation Hits Four-Decade High of 8.6%

The consumer price index data shows that the U.S. annual inflation rate has hit a fresh four-decade record of 8.6%. May CPI Prints at Four-Decade High of 8.6% U.S. inflation...

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With 12 Key Measures of Prices, Truflation’s Revamped Dashboard 2.0 Independently and Accurately Assesses Real-Time Inflation Rates

Truflation’s newly revamped dashboard provides data on 12 key cost categories to more accurately measure inflation rates as compared to many government consumer price indicators Truflation, a decentralized, blockchain-based inflation index initiative, has announced the release of a new and redesigned UI for its dashboard, complete with a new set of features, functions, and capabilities.

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Bitcoin Price Falls Below $30,000 With Unexpected 8.3% Inflation Report

CPI inflation data exceeded market expectations, maintaining a near 40-year high of 8.3% as bitcoin falls below its $30,000 line of support.

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Crypto Sinks Lower Despite News of Falling Inflation Rates

According to data released today by the U.S. Bureau of Labor Statistics, April’s year-on-year consumer price index has fallen to 8.3%, 20 basis points lower than the 41-year-high inflation rate...

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Past-Peak Inflation Might Be Misleading as Price Pressures Continue to Mount

As inflation peaks, bitcoin traders should be wary of reading too much into data.

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Turkey Inflation Data Shows Annual 70% CPI Increase, Bitcoin Fixes This

Data analyzed by the Turkish Statistical Institute shows hyperinflation reaching as high as 105% for transportation costs as the Lira continues to diminish.

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Bitcoin sees positive reaction as inflation hits 8.5% with March CPI data matching forecast

The price of Bitcoin rose after March CPI data confirmed that inflation in the United States continues to increase, hitting the highest level in 40 years. The post Bitcoin sees positive reaction as inflation hits 8.

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Bitcoin has initial positive reaction as inflation hits 8.5% with March CPI data matching forecast

The price of Bitcoin rose after March CPI data confirmed that inflation in the United States continues to increase, hitting the highest level in 40 years. The post Bitcoin has initial positive reaction as inflation hits 8.

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White House in Damage Control Mode as Crypto Markets Brace for 8%-Plus Inflation

White House blames Russia's war on Ukraine for the extraordinary elevated inflation to be revealed by Tuesday's data from the Labor Department. Will markets agree?

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Bitcoin spoofs $40K breakout as US CPI inflation data conforms to 7.9% estimates

Bitcoin sees competition from commodities after failing to put in lasting gains from the latest U.S. inflation news.

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Bitcoin Spikes and Dips as US Inflation Tops 7.9%, ECB Keeps Rates Unchanged

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Bitcoin returns to $42K as markets await potential 7.9% CPI inflation data

The run-up to the latest snapshot of just how bad U.S. inflation is seeing Bitcoin breakthrough range low resistance.

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Demand For Bitcoin, Ether Increases As U.S. Inflation Rate Accelerates To A 40-Year High

The increasing inflation in the US continues to push serious concerns. According to the latest data, the Consumer Price Index (CPI) has reached the level of 7. 5% per year, indicating the highest inflation rate since February 1982.

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FTX Token (FTT) price prediction ahead of the Super Bowl ads

The FTX Token (FTT/USD) price retreated slightly in the overnight session as investors reflected on the latest US inflation data. The coin is also slipping ahead of the upcoming Super Bowl event scheduled for Sunday.

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Traders say Bitcoin run to $44K may be a relief bounce, citing a repeat of December’s ‘nuke’

A sense of foreboding characterizes the market even after inflation data sparks solid intraday gains for BTC/USD.

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Bitcoin shoots to $44,000 as US inflation hits 7% in December

The United States Consumer Price Index data shows that inflation hit 7% in December 2021, climbing 0.5% month over month. The price of Bitcoin reached nearly $44,000 upon the news.

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Bitcoin Rises as Inflation Hits 7%

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Bitcoin Dives as Inflation Jumps to a Four Decade High

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Bitcoin Revisits $50K as U.S. Inflation Hits 39-Year High

Bitcoin jumped higher on the CPI data, trading like a macro asset once again

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Bitcoin price dips under $60K as Dollar Strength Index reaches 16-month highs

The greenback regained strength in hopes that stronger inflation data in the U.S. would revive a tighter monetary policy and after better-than-expected retail sales growth.

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Expert: Bitcoin remains a risk-on asset despite last week’s inflation-driven surge

Bitcoin price spiked above $69k as US inflation data showed the highest increase in… The post Expert: Bitcoin remains a risk-on asset despite last week’s inflation-driven surge appeared first on Coin Journal.

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As fear of inflation runs high, experts discuss its impact on Bitcoin

The Consumer Price Index (CPI) in the U.S. has hit a three-decade high. It is noteworthy that the U.S. Labor Department data pins the non-seasonal figure at 6.2% over the last 12 months. Source: tThe post As fear of inflation runs high, experts discuss its impact on Bitcoin appeared first on AMBCrypto.

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Record-high inflation prompts investors to take a closer look at Bitcoin

Cryptocurrency values are up, but so is the price of everything else in the United States! Investor curiosity in BTC grows as data shows U.S. inflation rose to a 30-year high.

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Bitcoin Surges To Record Highs As US Inflation Soars

Bitcoin touched $69,000 today as inflation data showed the highest annual jump in CPI since 1990.

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Bitcoin Tops $69,000 On Inflation Data, Moon Mode Activated?

Digital gold is a reality despite its critics as Bitcoin reclaims the highs of its current level and makes a new all-time high at $69,000. As of press time, BTC’s price has experienced a minor setback but with the potential to take another leg up to $70,000.

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Data doesn’t show Bitcoin as an inflation hedge at present, according to Chainalysis

The lack of statistical correlation between inflation and crypto prices has not deterred many investors from viewing the asset in this way, however.

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What does the Bitcoin - M2 supply correlation mean, for the U.S. dollar?

Last Thursday, the U.S dollar surged ahead of a basket of currencies, after data suggested that producer prices had recorded their largest annual increase in more than 10 years. Inflation pressures reThe post What does the Bitcoin - M2 supply correlation mean, for the U.S. dollar? appeared first on AMBCrypto.

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Ethereum price forecast after the remarkable 87% comeback

The Ethereum (ETH/USD) continued its upward trend as investors reacted to the relatively weak US inflation data. The coin’s price rose to $3,278, which was the highest level since May 19th.

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Why Does Bitcoin Turn Bearish as Inflation Spike?

Bitcoin price once again tested the $33,000 level but failed – the biggest cryptocurrency by market cap is now hovering at $32,500 and well below the 55 simple moving average (4-hours). Meanwhile, the stock markets continue to make new highs and the United States economy makes a remarkable recovery, with the latest government data showing […]

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Bitcoin, Stocks Fall on Inflation Pacing 2008

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As Bitcoin’s Yearly Inflation Rate Dips to 1.77%, BEA Data From May Shows US Inflation Fears Are Legitimate

The U. S. economy is looking stagnant according to data stemming from the Bureau of Economic Analysis, as core personal consumption expenditures (PCE) jumped 3. 4% in May from a year prior. The recent PCE spike is the highest year-over-year basis change since 1992 and the statistic is fueling inflation concerns.

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Bitcoin, dollar plunge while S&P 500 rallies after US inflation hits 3-decade high

Data on Friday showed core personal consumption expenditure in the US surged to 3.42% year-over-year for the first time since 1991.

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API3 to provide oracle data to decentralized asset management organization HAI

API3, a provider of decentrally governed and quantifiably secure data feeds that power Web 3. 0 apps without employing third-party intermediaries, announced today its newest partnership with Hedge Against Inflation (HAI) DAMO (Decentralized Asset Management Organisation).

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Paul Tudor Jones talks meme stocks, asset allocation, and inflation

Hedge fund manager Paul Tudor was a guest on CNBC’s “Squawk on the Street” segment Monday morning with plenty to talk about, including meme stocks, how Bitcoin fits in with his stock portfolio, and his take on the latest inflation data.

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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.

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Bitcoin price prediction ahead of US consumer inflation data

Bitcoin (BTC/USD) price bounced back on Wednesday after the El Salvador parliament voted to make the cryptocurrency a legal tender. The coin rose to $34,300, which was about 11% above its lowest level on Tuesday.

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Here’s how crypto serves as a ‘primary hedge’ against inflation

 Matt Hougan, CIO at Bitwise Asset Management, discussed in a CNBC interview about the use of cryptocurrencies as a hedge against inflation.   Per the latest data released by the Bureau of Labor Statistics yesterday, the consumer price index (CPI), increased by 4.

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Bitcoin Price Breaches $61,000 Ahead of Key Inflation Figures; What’s Next?

Key Bitcoin Price Outlook The bitcoin price briefly surged above $61,000 on Tuesday. The climb surfaced as a part of an upside weekly session, as traders’ appetite for safe-havens surged ahead of key US inflation data.

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Bitcoin Weekly Outlook: Breakout Over $60K Expected on Coinbase Listing

Key Bitcoin Takeaways Bitcoin flirts with $60,000 for a breakout move. The cryptocurrency is trending inside a classically bullish ‘Ascending Triangle’ pattern. Coinbase’s listing on Nasdaq, US inflation data update this week promises further upside.

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Inflation Fears Pumps Bitcoin Prices Above $56k

The U. S. Consumer Price Index (CPI) for February 2021 rose 0. 4 percent in February 2021 on a seasonally adjusted basis after adding 0. 3 percent in January, data from the U. S. Bureau of Labor Statistics on Mar 10 shows.

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Bitcoin Plunges Ahead of Critical US Inflation Data Release; What to Expect?

Bitcoin went through an aggressive short-covering move from its week-to-date low and rallied by up to around 13.24 percent, breaking above $55,000 on Wednesday.

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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 […]

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A Big Bitcoin Boom Ahead as Data Shows Rising Inflation Fears

Bitcoin expects to undergo a significant rally as a top economist predicts an inflation bias after 12-18 months. The analogy comes after demand for inflation-protected bonds spike in the US, showing investors expect consumer prices to increase in the future.

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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 […]

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