U.S. Inflation Data Aligns with Predictions; Bitcoin Surpasses $89K
Recent U.S. inflation rates show conformity with forecasts, propelling Bitcoin prices over $89,000.
Recent in
Recent U.S. inflation rates show conformity with forecasts, propelling Bitcoin prices over $89,000.
Anticipation grows for Bitcoin's response to upcoming U.S. inflation figures, marking a potential shift in market dynamics.
Microsoft has advised its shareholders to reject a proposal suggesting the examination of bitcoin as a potential investment strategy to mitigate inflation risks.
Paul Tudor Jones emphasizes the importance of inflation in the U.S. economy, advocating for investments in Bitcoin and gold while critiquing the government's spending.
Recent inflation reports indicate a steady decline towards pre-pandemic normality, providing the Federal Reserve flexibility in interest rate decisions, impacting the cryptocurrency market positively.
This article provides an overview of recent trends in cryptocurrency, focusing on Bitcoin and its recovery after a significant drop due to inflation news.
The cryptocurrency market experiences a downturn with Bitcoin leading the drop, influenced by inflation reports and regulatory actions against crypto firms.
The September Consumer Price Index data reveals a 0.2% increase, likely influencing Federal Reserve policies in the upcoming meeting.
A looming U.S. inflation report could complicate the outlook for interest rates, affecting Bitcoin and Ether's performance.
Inflation metrics suggest a slowdown, indicating favorable conditions for cryptocurrencies, according to Scott Garliss.
DeFi Development Corp backs a significant initiative to reduce Solana emissions as the cryptocurrency faces a steep price drop.
The Solana Digital Asset Treasury's DeFi Development Corp supports a new proposal aiming to double the disinflation rate in the wake of significant price declines.
Bitcoin briefly reached $90,000 after the latest Consumer Price Index report indicated a drop in US inflation, but essential drivers for a continuing surge seem to be lacking.
Tether's significant gold holdings could be impacting market sentiment, as highlighted in a recent Jefferies analysis.
The price of SOL surged to $140, yet weak metrics in the derivatives market and lackluster network fees denote hesitant investor confidence. Is revisiting $160 achievable?
Bitcoin's correlation with gold surges above 0.85, as both assets become increasingly favored by investors amid inflation and global instability.
Vietnam is seeing a surge in cryptocurrency adoption, prompting its central bank to expect significant credit growth in the coming years.
As crypto markets remain stable, major inflation data in the US may trigger fluctuations in the coming week.
The last week witnessed a resurgence in cryptocurrency investment products with substantial inflows, following a period of significant outflows.
The potential for Bitcoin to reach $100,000 by New Year's Eve hinges on how investors respond to the Federal Reserve's policy changes and the escalating debt within the tech sector.

Every week we share the most relevant news in tech, culture, and entertainment. Join our community.
Your privacy is important to us. We promise not to send you spam!