CPI
Bitcoin Rebounds to $70K, Shrugging Off Hot U.S. Inflation Print
Major U.S. equity indices closed the day lower after disappointing CPI numbers, while BTC was up 1%.
U.S. CPI Comes in Faster Than Hoped, Rising 0.4% in March, 3.5% Y/Y
Stubbornly high inflation has shattered Wall Street expectations for a long series of rate cuts in 2024.
U.S. CPI Unexpectedly Rises to 3.2% Annual Pace in February
Stubbornly high inflation so far in 2024 appears to be standing in the way of the Fed's willingness to begin cutting rates.
Bitcoin Drops 2% on Hotter-Than-Expected U.S. Inflation
The January CPI reading reduced expectations for interest-rate cuts in the next months, weighing on risk assets such as crypto.
U.S. CPI Inflation Trended Lower in November, Rising 3.1% From a Year Ago
The core rate of CPI inflation was higher by 4% year-over-year, in line with forecasts.
Bitcoin and the Predictability of Crypto Market Cycles
History shows there's likely a bright year ahead for BTC's price.
Bitcoin's Price Hovers Around $36.6K After U.S. Inflation Data
U.S. inflation data for October was better-than-hoped, with the headline Consumer Price Index (CPI) flat for the month versus economist forecasts for a rise of 0.1%. StockCharts.com senior technical analyst Julius de Kempenaer shares his crypto markets update as bitcoin (BTC)'s price hovers around $36,600 on the news. "Bitcoin's on a roll," Kempenaer said. "We're in for a new move higher." Plus, the outlook for altcoins.
U.S. CPI Unexpectedly Flat in October; Bitcoin Adds Nearly 1%
In addition to the headline inflation beat, core CPI declined last month.
CPI Report Tuesday Could Provide Next Bitcoin Catalyst
The U.S. government tomorrow will report on October inflation data.
U.S. September CPI Rises 0.4%, Outpacing Forecasts; Bitcoin Slips Further
The year-over-year pace of inflation was 3.7%, also faster than economist expectations.
