Markets

Markets

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US Inflation Slowed to 8.5% in July, CPI Report Shows; Bitcoin Jumps

Crypto markets responded favorably after the slower-than-expected reading, which takes pressure off the Federal Reserve to hike rates aggressively at the September meeting.

A tiny dollar bill held between thumb and forefinger

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Market Wrap: Bitcoin Prices Pull Back Ahead of US Inflation Report

Global markets are awaiting the data release scheduled for Wednesday.

BTC fell 4%, retreating like the tide to under $23,000. (Tim Donnelly/Unsplash)

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First Mover Americas: As Bitcoin and Ether Slide, Investors Bet on Ethereum Fork

The latest price moves in crypto markets in context for Aug. 9, 2022.

The hot topic now is the upcoming Merge on the Ethereum network, and specifically, about the possibility of having a forked proof-of-work ETH and a proof-of-stake coin. (Riho Kroll/Unsplash)

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Market Wrap: Bitcoin Climbs Above $24K

The cryptocurrency is largely tracking stocks.

BTC surpassed $24,000 as BTC funding rates signal bullish sentiment. (Christopher Burns/Unsplash)

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Americans See Inflation Plunging Next Year, New York Fed Survey Finds

Respondents to the widely considered survey expect inflation to run at 6.2% in 2023, which is down 0.6% from last month’s survey.

(Source: New York Fed Survey of Consumer Expectations)

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Market Wrap: Bitcoin Falls Initially on US Jobs Report, Grinds Higher Later

The positive jobs report may lead to additional Federal Reserve monetary tightening.

Bitcoin has been grinding upward, currently trading near $23,000. (Chester Alvarez/Unsplash)

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DeFi Protocol Voltz Could Bring 150% Interest Rate on Ether Deposits

As the Ethereum blockchain's Merge approaches, traders and venues are seeing the event as an opportunity to pocket fat yields – possibly signaling a renewed appetite for risk in crypto just months after its big market crash.

With memories still fresh from this year's crypto market crash, the Voltz protocol is already looking for ways to let traders use leverage to take more risk. (Pixabay, modified by CoinDesk)

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First Mover Americas: Bitcoin's Rally Loses Steam After US Jobs Report

The latest price moves in crypto markets in context for Aug. 5, 2022.

Bitcoin witnessed some downside after a strong U.S. jobs report for July. (redcharlie/Unsplash)

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US Adds 528K Jobs in July, More Than Doubling Estimates; Bitcoin Dips

Investors are likely to expect the Federal Reserve to continue aggressively hiking interest rates in response.

(YinYang/Getty)