Inflation

Inflation

Markets

Cautious Bitcoin Bounce to Face Inflation Data Hurdles Later This Week

The downtrend in inflation has stalled so far this year, putting in doubt the odds for any Fed rate cuts in 2024.

food shopping in brown bags

Markets

Bitcoin's Modest Rally Cut Short, Price Tumbles Back Below $61K

Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.

Bitcoin slides back into familiar range (Shutterstock)

Markets

Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report

Increasing concerns about sticky inflation hit risk assets across all markets, cryptos included.

Bitcoin price on April 25 (CoinDesk)

Opinion

What Is Bitcoin Meant to Hedge?

The cryptocurrency underperformed this week as an economic safe haven. But bitcoiners are taking a longer term view.

Close up of two dollar notes. (engin akyurt/Unsplash)

Markets

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%.

Bitcoin price on April 10 (CoinDesk)

Finance

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.

food shopping in brown bags

Markets

Bitcoin Breakout Halts as U.S. Inflation Data Looms

The Bureau of Labor Statistics is set to release March 2024 CPI data Wednesday at 8:30 a.m. ET (12:30 UTC).

Costs. (Geralt/Pixabay)

Markets

Bitcoin’s Acceptance as 'Digital Gold' May Spur Demand From New Investors: Coinbase

Gold has outperformed after the Federal Reserve expressed a cautious stance on the pace of future interest-rate cuts, the report said.

Graph on a blackboard showing the relationship between supply and demand.

Markets

Choppy Bitcoin Price Action Continues Ahead of Friday's Jobs Report

Flows into the new spot ETFs have been subdued for a couple of weeks, possibly prompting a renewed interest in macro drivers for price direction.

Crypto markets were choppy ahead of the Ethereum Merge. (Creative Commons, modified by CoinDesk)

Finance

Argentina President Milei Disappoints Some Bitcoiners as Crypto Registration Rule Begins

The nation unveiled a mandatory registration process for cryptocurrency platforms.

President of Argentina Javier Milei (Photo by Tomas Cuesta/Getty Images)