Inflation
Bitcoin Held by Funds Drops Over $240M Ahead of CPI Release
A ByteTree Chart shows the number of coins held by U.S. and Canadian closed-ended funds, and Canadian and European ETFs have dropped by almost 5,800 BTC, worth $243 million, ahead of the CPI release.
Inflation Reaches 40-Year High of 8.5%, Can Crypto Help?
The inflation rate in the U.S. have yet again reached a 40-year high of 8.5% amid geopolitical uncertainty. “The Hash” group discusses whether or not bitcoin can be used as an inflation hedge and its steady price action following the Consumer Price Index (CPI) announcement.
Indian Taxes Hit Trading; Bored Apes Movie Debut
India tax breaks crypto’s back. Crypto follows broader market down as pandemic and inflation concerns persist. Bored Apes get animated in partnership with Coinbase. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
US Inflation Surges to New 40-Year High, What That Means for Crypto
GSR Markets’ Benoit Bosc discusses the current state of the crypto markets as the U.S. Consumer Price Index (CPI) rose to 8.5%, hitting a new 40-year high. Meanwhile, bitcoin and other digital assets are trading down.
BTC Fails to Break $48K as Investors Fear Inflation
Investor fears about inflation in the coming months are a possible reason for BTC’s failure to breach the $48,000 level this week, according to TradingView. Plus, what does Alternative.me’s Crypto Fear & Greed Index tell us about the overall crypto market sentiment? “All About Bitcoin” host Christine Lee presents the “Chart of the Day.”
Fed’s Preferred Inflation Gauge Hits 40-Year High at 6.4%
The Federal Reserve’s preferred inflation gauge showed that rates rose 6.4% in February, the highest pace since 1982. “The Hash” group discusses the impact high inflation has on everyday consumers and their savings while noting cryptocurrency’s role as an alternative to the traditional financial system.
