Economy
US Jobs Report Shows Gain of 467,000 in January, Exceeding Expectations
Bitcoin traded slightly lower after the report, as the number keeps pressure on Fed to tighten.
Fed's Hawkish Pivot May Not Last, Bitcoin Analysts Say
The Fed might not act as decisively in tightening monetary policy if financial stability concerns start to outweigh the risk of fast inflation.
Crypto Market Snoozes Through ADP Payroll Shocker
The Omicron variant is behind a sharp decline in U.S. jobs in January, but markets are shrugging off the weak number.
Fed Preview: How Rate Hikes Could Stimulate Demand for Stablecoins
Higher interest rates will likely increase demand for the dollar. This could translate into higher demand for dollar-pegged crypto this year.
US Inflation Rose to Nearly Four-Decade High of 7% in December
The consumer price index is closely watched by bitcoin investors who view the cryptocurrency as a hedge against inflation.
Bitcoin Holds Support Ahead of Fed Minutes, March Rate Hike Probability Rises
The Fed’s asset purchase program is set to end in March.
Volatility Ruled Crypto Markets in 2021, From $69K Bitcoin to Elon Musk’s ‘Dogecoin to the Moooonn’
NFTs exploded, Coinbase stock went public, El Salvador bought the dip and China cracked down on bitcoin miners, while Solana’s SOL tokens and Polygon’s MATIC shot up by multiples of 90 or more. Here’s how crypto traders played it.
Fed Speeds Up Stimulus Withdrawal, and Bitcoin Jumps
The Fed will reduce its bond purchases by $30 billion every month to wind them down early next year, doubling from the current pace of withdrawal of $15 billion every month.
US Inflation Jumps to 39-Year High of 6.8% in November; Bitcoin Falls
Prices for bitcoin, seen by a growing number of investors as a hedge against inflation, jumped 2% after the CPI report from the U.S. Department of Labor’s Bureau of Labor Statistics.
