Inflation
Bitcoin Traders Should Watch Wider Inflation Metrics, Not Just CPI
Wider metrics suggest a flare-up in inflation in months ahead, which may trigger a sharp repricing of interest rate expectations, bringing downside volatility to risky assets, including bitcoin.
HODLers Love to Hold Crypto, Glassnode Data Suggests
Data from Glassnode shows that bitcoin's (BTC) balance on exchanges reached a 5 year low of 2,276,878 BTC. The largest cryptocurrency by market cap is currently hovering below $30,000, as investors await U.S. inflation data scheduled for release later this week. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."
First Mover Americas: Bitcoin Flirts With $30K as Traders Await CPI
The latest price moves in crypto markets in context for August 9, 2023.
CPI Preview: Bitcoin Unlikely to Get Bullish Catalyst From July Inflation Data
Markets are already expecting the Fed to refrain from more rate hikes this year and have begun pricing in rate cuts in 2024.
Fed Chair Powell Gives Update on Inflation Goal After Interest Rate Hike Decision
U.S. Federal Reserve Chair Jerome Powell spoke at a press conference on Wednesday, discussing the central bank's progress in reducing inflation and why there's likely more work ahead. "We have to get inflation down to 2% and we will," Powell said. "And we just don't see that yet."
Crypto Catalysts: Investors to Weigh Jobs, Retail Sales, Production Data for Latest Inflation Signals
The jobs market remains strong, a concern for the U.S. central bank which seems intent on raising the Federal Funds rate 25 basis points.
Even as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K
Wednesday's CPI report showed sizable decelerations in both overall and core U.S. inflation, which one might've thought would drive BTC's price higher.
Bitcoin Reaction as Inflation Eases; Could Elon Musk Rival ChatGPT Next?
“CoinDesk Daily” host Jennifer Sanasie discusses the hottest stories in crypto, including bitcoin's reaction after the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Plus, on-chain data reveals how much Silk Road-linked bitcoin the U.S. government recently moved. And, Elon Musk announces his new AI company, xAI, that states its mission is to "understand the true nature of the universe."
Bitcoin Holds Just Below $31K After U.S. Inflation Improves More Than Forecast
Economists had forecast sizable year-over-year declines in both headline and core inflation for this report.
Crypto Traders Prepare for Bitcoin Volatility as Focus Shifts to U.S. CPI
Crypto traders anticipate a big move in bitcoin as Bollinger bands have tightened to the lowest level since early January.
