Economy
White House in Damage Control Mode as Crypto Markets Brace for 8%-Plus Inflation
The Biden administration blames Russia's war on Ukraine for the extraordinary elevated inflation to be revealed by Tuesday's data from the U.S. Labor Department.
US Adds 431K Jobs in March, as Unemployment Rate Nears Pre-Pandemic Level
Bitcoin ticked up 1% after the monthly jobs report was released.
Recession Signals Light Up as Section of US 'Yield Curve' Inverts
The recession hint could have bearish implications for risk assets, including bitcoin.
US Inflation Rises to 7.9% in February, Fresh 4-Decade High
Bitcoin, seen by some investors as a hedge against rising prices or dollar devaluation, was little changed after the Consumer Price Index (CPI) report, which closely matched economists' expectations.
Inflation, Tracked by Bitcoiners, Keeps Accelerating, and It Hasn't Even Peaked
The consumer price index, due out tomorrow morning, is expected to show inflation in February ticked up to 8% versus a year ago, a fresh four-decade high.
US Jobs Up 678K in February, More Than Expected, Adding to Price Pressures
Bitcoin traders were monitoring the report since the Federal Reserve's efforts to slow inflation appear to be putting downward pressure on the cryptocurrency's prices.
Federal Reserve Chairman Powell Sees Rate Hike This Month as 'Appropriate'
Most observers believe a quarter of a percentage point increase is likely.
Bitcoin Latest Price Drop Suggests It’s Not ‘Digital Gold’ for Everyone
As geopolitical tensions rise, the cryptocurrency's price has fallen.
US Inflation Hits New 4-Decade High of 7.5% in January
Bitcoin traders keep track of the inflation rate because some think of the cryptocurrency as an inflation hedge, and the Federal Reserve's expected response to economic conditions often dictates market direction.
