Markets tread water as investors brace for inflation data

Market uncertainty highlights the delicate balance between inflation data and investor sentiment, potentially triggering significant asset shifts. The post Markets tread water as investors brace for inflation data appeared first on Crypto Briefing.

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US CPI inflation data meets expectations, Bitcoin hits $64,000 in response

Quick Take Data from Trading Economics shows that the much-anticipated US CPI inflation data aligns with market expectations, declining slightly from previous prints. Headline inflation year-over-year came in at 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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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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Bitcoin Data Reveals Inflation Getting Out of Hand in Argentina

Argentina is experiencing extremely high levels of inflation with the value of its money down by 50%. Bitcoin’s price in pesos brings to life this reality, with peer to peer... The post Bitcoin Data Reveals Inflation Getting Out of Hand in Argentina appeared first on Trustnodes.

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Messari: XRP Inflation Rate Five Times Higher Than Bitcoin’s

According to data research firm Messari, Ripple’s selloff causes inflation to hit 20% — five times that of Bitcoin, inflicting downward price pressure.

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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.

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Venezuela Sets New Bitcoin Volume Record As Inflation Rises To Over 10,000,000%

The dire economic situation in Venezuela continues to drive its inhabitants to use more and more Bitcoin. Last week, the country has achieved a new all-time high trading volume and has traded more bolivars, the local fiat currency, for Bitcoin than ever before.

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Dow Reverses Brutal Loss as Tame Inflation Keeps Fed Hawks at Bay

By CCN: The Dow and broader U. S. stock market were under pressure Friday morning after the Trump administration raised tariffs on $200 billion worth of Chinese goods, setting the stage for a prolonged and potentially damaging trade war with Beijing.

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Debunking Bitcoin Myths: "It’s Only for Criminals"

A series of op eds by Kyle Torpey addressing some of the oft-repeated arguments against BitcoinBitcoin’s core value proposition is that it is an uncontrolled, apolitical money.

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What Is DeFi and Where Does It Leave Bitcoin?

The Bitcoin bull and bear market cycles are a pattern that produces significant developments — when the market is cold, people tend to focus on building the next wave of groundbreaking technology.

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AhrvoDEEX ICO

AhrvoDEEX is a peer-to-peer decentralized equity exchange that enables profitable trading by using multifactor ranking systems and deep learning algorithms that create smart equity scores and price targets to streamline the decision-making process.

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Dow Jones Perma-Bear: CPI Just Flashed a Major Recession Signal

Another warning light is blinking on the dashboard of the US economy. This time it is the inflation-tied Consumer Price Index (CPI) which has the bears scurrying for their bomb shelters. David Rosenberg, a so-called perma-bear, was filling Twitter feeds with his unique brand of doom and gloom for the Dow Jones and wider US stock market.

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Is It Time to Take an Initiative to Decrease Bitcoin’s Block Size Seriously?

Whilst debate raged throughout the Bitcoin community over whether the block size limit should be increased and how, Luke-jr for years stood out for arguing the exact opposite position.

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Venezuela and Argentina Are Buying the Dip, New Data Shows

If you look at the latest activity on Localbitcoins, there has been a large spike in recent days from both Argentina and Venezuela buying bitcoins. Both these troubled Latin American countries have displayed a steady increase in buying cryptocurrency due to rising inflation and troubled economies.

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VanEck, Cboe and SolidX Meet With SEC to Discuss a Bitcoin ETF

Having met the U. S. Securities and Exchange Commission (SEC) in August 2018, officials of VanEck, SolidX and Cboe BZX Exchange have met with the Commission again, in the latest attempt to convince the regulator to approve the nation's first bitcoin exchange-traded fund (ETF), according to an official presentation submitted to the SEC.

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Data Shows We Can’t Expect Cryptocurrency to Handle Inflation

Digital currency is being adopted in several nations fighting economic distress as a means to avoid inflation. In fact, crypto evangelists cite examples of African communities and countries like Venezuela to describe how digital coins could provide security from central banks’ policies and subsequent inflation in times of crisis.

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Cryptocurrency is actually terrible for battling inflation, data shows

Cryptocurrency is often floated as a failsafe for floundering economies. When faced with economic instability, blockchain evangelists are often quick to prescribe Bitcoin (or some other altcoin) as a means of alleviating hyperinflation by being more stable than the local currency.

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Cryptocurrency ranking portal CoinMarketCap shows inflated prices due to data error

On 4th August, CoinMarketCap, the online cryptocurrency portal for cryptocurrency market ranking, charts and other related information, faced a data error that resulted in artificial inflation of many cryptocurrencies on its chart.

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Spooky Economy

Happy Friday the 13th!! If you live and work in the United States and didn’t get a raise of 2. 9% this year, you’re actually making less than you did last year. The CPI data released yesterday showed a rather nasty increase bringing the rate of inflation to just under 3%.

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