Consumer Price Index
Why Inflation Data Matters for the Price of Bitcoin
The year-on-year percentage change in the U.S. consumer price index from 2013 to date looks eerily similar to the 1970s, according to Game of Trades. If history is a guide, inflation may rebound in the coming months, boosting demand for perceived store-of-value assets. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
U.S. CPI Inflation Jumped to 3.7% in August, More Than Expected
Higher oil prices were behind the big rise in headline inflation last month.
Headline CPI Expected to Have Spiked Higher in August, but Core Rate Seen Slowing
The U.S. government on Wednesday morning will release its latest official inflation data.
Bitcoin Price Hovers Around $29.5K After July CPI Data
The Consumer Price Index (CPI) rose 0.2% in July, in line with economists' forecasts. Path Trading Partners co-founder and chief market strategist Bob Iaccino discusses what the latest inflation data means for bitcoin (BTC) and the wider crypto markets.
U.S. July CPI Matches Estimates With 0.2% Monthly Growth
The number may decrease the chance the Fed will raise rates next month, a potential catalyst for bitcoin.
U.S. CPI Falls to 3% in June; Coinbase Shares Near One-Year High
Coinbase’s (COIN) shares rose to a near one-year high after the exchange announced a surveillance-sharing agreement with five spot bitcoin (BTC) exchange-traded fund (ETF) applicants. "First Mover" hosts share their reaction as Cathie Wood’s ARK Invest sells $12 million worth of Coinbase’s stock. Separately, insights on the U.S. Consumer Price Index falling to 3% on a year-over-year basis in June.
Bitcoin Nears $31K After June U.S. Inflation Data
The U.S. inflation rate as measured by the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Bitcoin (BTC) rose modestly to $30,900 in the immediate aftermath of the report before retreating slightly. Unchained CEO and co-founder Joe Kelly discusses the market reaction. Plus, insights into the U.S. spot bitcoin ETF race and Unchained's private client service launch.
Bitcoin Above $28K Following April CPI Report
Bitcoin (BTC) is climbing back above the $28,000 level as the Consumer Price Index rose 0.4% in April. Fairlead Strategies founder and Managing Partner Katie Stockton weighs in on the markets' reaction to the inflation data and her short-term outlook on the performance of bitcoin and ether.
Bitcoin Breaks Above $18K for the First Time Since Mid-December
Bitcoin (BTC) breaks above $18,000 for the first time since mid-December. Eaglebrook Advisors Vice President of Research Joe Orsini discusses bitcoin's recent rally and the consumer price index (CPI) slipping 0.1% in the past month. Plus, his outlook on the largest cryptocurrency by market capitalization by the end of the year.
Bitcoin Hovers Around $17K Ahead of Inflation Data, Fed Meeting
Bitcoin trading steady over $17,000 with the latest U.S. Consumer Price Index (CPI) report to be released Tuesday and the U.S. Federal Reserve's interest rate decision Wednesday. Bitcoin's implied volatility has also declined in recent weeks, Fundstrat noted. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
