Bitcoin Drops 2% on Hotter-Than-Expected U.S. Inflation
[Feb 13 9:03 AM] The CPI reading reduced expectations for interest-rate cuts in the next months, weighing on risk assets such as crypto.
7 / 20 Relevant items tagged with #Inflation
Posts: 580
Posts
Nigerian Currency Depreciation: Central Bank Head Reaffirms Commitment to Reviving Confidence in the Economy
Egypt Aims to Ease Pressure on Forex Reserves via $1 Billion Treasury Bill Auction
[Feb 6 4:00 AM] Barely a month after raising $850 million from an auction of dollar-denominated treasury bills, the CBE was reportedly poised to raise $1 billion via similar instruments. The decision to hike overnight interest is said to be part of the central…
Fed Chair Powell Says US Government Is on ‘Unsustainable’ Fiscal Path
[Feb 5 7:00 PM] Federal Reserve Chairman Jerome Powell says in the long run, the U.S. federal government is on an unsustainable fiscal path due to its ballooning debt growing faster than the economy. Moreover, the Fed chair cautioned that there will be some banks…
Coinbase Sees Positive Setup for Bitcoin as Exhaustion Hits Factors Pressuring BTC
[Feb 4 7:34 PM] Cryptocurrency exchange Coinbase says many technical factors pressuring bitcoin, and crypto more broadly, are starting to be exhausted. “We expect macro factors to become more relevant for the digital asset class in the weeks ahead, which…
Economist Peter Schiff Discusses Likelihood of a Fed Interest Rate Cut in March
Top 8 Crypto Trends That Will Dominate The Market In 2024: Analyst
[Jan 11 11:00 AM] Renowned analyst Ted (@tedtalksmacro) has offered a detailed forecast for 2024 in the crypto market. His analysis on X (formerly Twitter) touches on several critical points, from macro events, the Bitcoin Halving to fresh liquidity in the market…
Morgan Stanley’s Chief Economist Predicts Rate Cuts ‘This Year’ as Market Eyes Federal Reserve’s Next Move
[Jan 8 12:30 PM] This year, mirroring last year’s speculation, market observers are keenly awaiting decisions from the U.S. Federal Reserve concerning the federal funds rate, with a particular focus on potential rate cuts this year. Ellen Zentner, Morgan…
US Treasury Secretary Janet Yellen Declares ‘Soft Landing’ Reached, Americans Recovering Optimism
[Jan 8 12:30 AM] Janet Yellen, U.S. Treasury Secretary and former Chairman of the U.S. Federal Reserve, believes that the recent improvements in the American economy show that the country has achieved a soft landing. For Yellen, the recent low figures of inflation…
Peter Schiff Says ‘Big Surprise’ Awaits in 2024 — Warns of Crash, Recession, High Inflation Returning With Vengeance
Report: Nigerian Currency Plunges to New Low Versus the US Dollar
[Dec 22, 2023 5:00 AM] The official exchange rate of the Nigerian currency versus the U.S. dollar recently plunged to a record low of 1,248 naira for every greenback. The governor of the Central Bank of Nigeria has told the country’s legislators that he sees the…
Nearly Half of Users Primarily Use Crypto to Earn Extra Income — Binance Study
Treasury Secretary Janet Yellen Discusses US Economy, Recession Risk, Soft Landing
[Dec 14, 2023 5:00 PM] U.S. Treasury Secretary Janet Yellen believes that inflation has come down meaningfully but there’s still further to go for the Federal Reserve to achieve its 2% inflation target. She noted that the central bank has two risks to manage…
BTC price clears $41K as Bitcoin digests US macro data on Fed FOMC day
[Dec 13, 2023 8:19 AM] Bitcoin traders eye BTC price levels of interest as the U.S. PPI preserves the declining inflation narrative ahead of the Fed’s rates decision.
Bitcoin Halts at $41K as Traders Eye Fed Rate Decision; AVAX Flips Dogecoin as Altcoins Jump
[Dec 12, 2023 3:43 PM] Bitcoin remained steady around $41,000 after Monday's dramatic flush.
US CPI Sees Slight Uptick in November, Fed Likely to Maintain High Rates
[Dec 12, 2023 12:30 PM] In November, the U.S. Consumer Price Index (CPI), a principal measure of inflation, registered a modest rise of 0.1%, maintaining a consistent annual increase of 3.1%. This minor growth in prices reflects subtle economic shifts, with energy costs…
U.S. CPI Inflation Trended Lower in November, Rising 3.1% From a Year Ago
[Dec 12, 2023 7:41 AM] This morning's inflation data
Economist Steve Hanke Blasts Nobel Laureate Paul Krugman’s ‘Global Phenomenon’ Inflation Remark
Report: 47% of Nigerians Engaged in Crypto-Related Activities
[Dec 10, 2023 4:30 PM] A new study has found that as much as 47% of Nigerians are actively engaged in crypto trading which is now increasingly incorporated in their financial lives. The analysis also showed that crypto ownership in the country grew by 15% between 2020…
Coinbase CEO Brian Armstrong: ‘Bitcoin May Be the Key to Extending Western Civilization’
[Dec 6, 2023 1:00 AM] Brian Armstrong, CEO of U.S.-based crypto exchange Coinbase, stated that Bitcoin could play a role in extending Western civilization. For Armstrong, Bitcoin represents an alternative to fiat currencies like the U.S. dollar, which people can use as…
Stablecoins will remain ‘indispensable’ in Argentina under new president — Ripio CEO
[Nov 23, 2023 1:35 PM] Regardless of what changes Javier Milei brings to Argentina’s monetary system, stablecoin is likely to have an unshakable place in the economy, Sebastián Serrano said.
Argentina’s President-Elect Javier Milei ‘No Anarcho-Capitalist’ Says Former Greek Finance Minister
Libertarian and Free Market Proponent Javier Milei Wins Argentine Presidency
[Nov 19, 2023 7:03 PM] Argentina has welcomed Javier Milei as its newly elected president, with the libertarian candidate achieving a majority in the popular vote, surpassing his opponent Sergio Massa. Milei, who identifies as an anarcho-capitalist, has expressed his…
3 reasons why Bitcoin price failed to break $37K
[Nov 15, 2023 7:21 AM] Bitcoin’s latest price pullback to $35,000 was driven by softer U.S. inflation, China’s economic challenges and regulatory uncertainties.
Adrian Day Warns of ‘Inevitable’ US Recession, Describes it as a ‘Freight Train Heading Towards Us’
[Nov 14, 2023 5:00 PM] In a recent interview, Adrian Day, CEO of Adrian Day Asset Management, shared his insights, positing a looming economic downturn in the U.S. Day critically analyzed the Federal Reserve’s actions, explaining their expected impacts on the…
October’s Inflation Report: Shelter Prices Up, Gasoline Plummets — Mixed Market Reactions Follow
[Nov 14, 2023 10:30 AM] On Tuesday, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged in October, following a 0.4% increase in September. Over the past year, the all-items index rose 3.2% before…
Bitcoin bounces at $36.2K lows as CPI inflation slows beyond forecasts
[Nov 14, 2023 9:13 AM] CPI positively surprises stocks, and Bitcoin catches a bid as inflationary pressures are shown to be declining faster than thought.
U.S. CPI Unexpectedly Flat in October; Bitcoin Adds Nearly 1%
[Nov 14, 2023 7:39 AM] In addition to the headline beat, core CPI unexpectedly declined last month.
CPI Report Tuesday Could Provide Next Bitcoin Catalyst
[Nov 13, 2023 12:39 PM] The U.S. government tomorrow will report on October inflation data.
Funding rates echo $69K BTC price — 5 things to know in Bitcoin this week
[Nov 13, 2023 1:32 AM] Bitcoin funding rates are in classic bull market territory, but can BTC price upside sustain as macro-volatility triggers line up?