Inflation
Ether Drops 1.9% to 7-Month Low as Crypto Buckles Further Following Inflation Data
Risk-off sentiment hit markets as a slightly hotter-than-expected inflation reading boosted U.S. Treasury rates and the dollar.
U.S. September CPI Rises 0.4%, Outpacing Forecasts; Bitcoin Slips Further
The year-over-year pace of inflation was 3.7%, also faster than economist expectations.
Crypto’s Interest in Rates
U.S. interest rates are back on the rise, but digital assets appear to be unaffected.
Bitcoin Price Hovers Around $26K as U.S. Inflation Is 'Not Going Anywhere Fast': Trader
Bitcoin (BTC)'s price remains little-changed at around $26,000 as new inflation data is released. On a year-over-year basis, the Consumer Price Index (CPI) rose to 3.7% versus forecasts for 3.6% and from 3.2% a month earlier. "The Crypto Trader" author Glen Goodman discusses his crypto markets analysis.
U.S. CPI Inflation Jumped to 3.7% in August, More Than Expected
Higher oil prices were behind the big rise in headline inflation last month.
Crypto Market Shows Signs of Stability Ahead of U.S. CPI
While some economists predict a jump in U.S. CPI compared to July, Factset research shows inflation is becoming less of a concern for large companies.
Headline CPI Expected to Have Spiked Higher in August, but Core Rate Seen Slowing
The U.S. government on Wednesday morning will release its latest official inflation data.
U.S. Interest Rates High Enough to Tame Inflation, Avoid Recession: Chicago Fed
Federal Reserve Bank of Chicago economists predict low inflation and a resilient economy, a potential goldilocks scenario for risk assets, including cryptocurrencies.
Stablecoins Can Provide an Escape From High-Inflation Currencies: Brevan Howard Digital
Usage has shown a low correlation with crypto exchange volumes, which suggests that significant stablecoin transaction volumes are likely being used for non-speculative purposes, the report said.
Fed's Powell at Jackson Hole: Prepared to Raise Rates Further if Appropriate
Market participants were looking to Friday morning's speech to gauge the future direction of the U.S. central bank's monetary policy.
