Economy
US Inflation’s 3-Decade-High Surge Provides Tailwind for Bitcoin
The Labor Department’s Consumer Price Index is closely tracked by bitcoin traders because the cryptocurrency is seen by some investors as a hedge against inflation.
Market Wrap: Bitcoin Rises as Central Banks Maintain Low Rates
The cryptocurrency is rising along with stocks, although some analysts expect the rally could fade next year.
US September Jobs Report Misses, Amid Fed Tapering Speculation
August’s jobs number was revised up by 131,000. Bitcoin prices hold steady after the report.
Bitcoin Bounces Off 6-Week Low, Tracking Recovery in Stocks
“The long-term uptrend still has a hold on bitcoin,” one analyst said.
Key US Inflation Gauge Slips to Slowest Pace in 6 Months, Bitcoin Rises
Core CPI, which excludes energy and food prices, rose 0.1% last month, the slowest pace since February.
Bitcoin Rises Above $48K as Dollar Drops After Powell’s Dovish Comments
No news is good news for the bitcoin market as the Fed chairman avoids specifying a “tapering” time frame at virtual Jackson Hole symposium.
Goldman Sachs Raises Odds of Fed Taper in November
"Historically, Fed taper has been a headwind for bitcoin," one fund manager said.
July Jobs Report: US Added 943,000, Beating Expectations
The U.S. unemployment rate fell to 5.4%, a post-pandemic low, from 5.9% in June, according to the U.S. Labor Department's Bureau of Labor Statistics.
US June Consumer Price Index Rose Faster Than Expected
Financial markets from stocks to bonds to cryptocurrencies have been fixated on inflation readings as the economy reheats.
Market Wrap: Bitcoin Drops as Traders Await June CPI Inflation Report
Analysts described the muted activity in spot, derivative and on-chain metrics as "calm before the storm."
