Choppy Bitcoin Price Action Continues Ahead of Friday’s Jobs Report
Flows into the new spot ETFs have been subdued for a couple of weeks, possibly prompting a renewed interest in macro drivers for price direction.
Inflation
Bitcoin Sells Off 3%; Is Macro Risk Returning to Market?
U.S. economic data on Thursday has sent rates and the dollar higher.
Bitcoin’s Wild Four Hours: New Record of $73K, Tumble to $69K, Rebound to $71K, $360M in Liquidations
Momentum behind bitcoin’s rally has waned so expect a period of consolidation, Matrixport analysts noted.
Is the Fed’s anti-inflation policy working?
Since early 2022, the Federal Reserve has taken a hawkish approach to the United States economy. Thus, it has implemented … Continue reading
The post Is the Fed’s anti-inflation policy working? appeared first on Finbold.
Adjusted for Inflation, Bitcoin Hasn’t Topped Its All Time High
If bitcoin’s an inflation hedge, shouldn’t we adjust it for inflation?
Bitcoin Drops 2% on Hotter-Than-Expected U.S. Inflation
The CPI reading reduced expectations for interest-rate cuts in the next months, weighing on risk assets such as crypto.
Bitcoin Halts at $41K as Traders Eye Fed Rate Decision; AVAX Flips Dogecoin as Altcoins Jump
Bitcoin remained steady around $41,000 after Monday’s dramatic flush.
CPI Report Tuesday Could Provide Next Bitcoin Catalyst
The U.S. government tomorrow will report on October inflation data.
Cathie Wood Likes Bitcoin as Both Deflationary and Inflationary Hedge
that there is no counterparty risk in bitcoin when it is decentralized and everything is visible on the network.
Ether Drops 1.9% to 7-Month Low as Crypto Buckles Further Following Inflation Data
ETH dropped to its lowest price since March, while most cryptocurrencies struggled as risk-off sentiment took over markets following a slightly hotter-than-expected inflation report and surging rates.