Tag: cpi inflation data

Jul 13 2022

Ethereum Tanks By 5% As Inflation Jumps; Will ETH Drop More?

The US consumer price index which is a wide measure of everyday goods and services jumped to stand at 9.1% from the previous year. This announcement has left the global traditional and crypto market tumbling. The biggest of the Cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH) prices dropped by around 5%. However, it didn’t fall as...

Breaking: Bitcoin (BTC) Plummets After Red-Hot Inflation

The US Bureau of Labour Statistics released its Consumer Price Index for the month of June 2022. The CPI is revealed to be at 9.1%, the highest inflation increase in the US in 40 years. The CPI is a strong measure of inflation and dictates the Federal Reserves’ monetary policy in response to inflation. Within...

How Will Bitcoin (BTC) React To Sky-High Inflation Data?

Jul 13 2022 Published at Coingape under tags  bitcoin bitcoin news cpi inflation data news

Bitcoin (BTC) entered a holding pattern on Wednesday, ahead of data that is likely to show a massive spike in U.S. inflation. BTC is hovering above $19,000- and is expected to hold around that level until the U.S. inflation reading. The Consumer Price Index (CPI) is expected to have risen by about 8.8% year-on-year in...

Fake Inflation Data Triggers BTC, ETH Price Dump

A fake news release claiming to disclose the Consumer Price Index for June 2022 caused a sharp downfall in crypto prices on Tuesday. The fake report detailed the CPI for June 2022 to rise by 1.7 percent to reach 10.2 percent. The fake report was claimed to be leaked, since the real CPI data will...

Jul 12 2022

Bitcoin (BTC) Social Dominance Rises Yearly High Ahead Of Key Event

Jul 12 2022 Published at Coingape under tags  bitcoin bitcoin news cpi inflation data news

The discussions on Bitcoin (BTC) appear to have risen drastically in the recent past. The last time such a high ratio of discussions was recorded in June last year. However, people remain skeptical of the Bitcoin price before the U.S. June CPI data on July 13. Currently, the BTC price is extremely volatile as it...

Jul 11 2022

U.S. Inflation Data Will Make or Break Crypto Markets, Here’s Why

The U.S. Bureau of Labor Statistics will release the CPI data for the month of June on the 13th of July. The Consumer Price Index is a monthly data point that reveals the change in prices paid. It is considered an important indicator of inflation. Crypto market have responded poorly to CPI data this year,...

May 11 2022

Crypto Markets Could Rally Today On U.S. Inflation Data, Here’s Why

May 11 2022 Published at Coingape under tags  cpi inflation data crypto news

Crypto markets, which have been severely battered in recent weeks, could see a relief rally on Wednesday if U.S. inflation data is favorable. Total crypto market capitalization has sunk by nearly $500 billion in the past week, and is currently holding at about $.14 trillion. Major cryptos such as Bitcoin (BTC) and Ethereum (ETH) have...

Apr 13 2022

U.S. Inflation for March Spikes to 8.5%, Has Bitcoin (BTC) and Crypto Already Priced In?

On Tuesday, April 12, the U.S. Labor Department released the inflation numbers for March 2022 which stood at 8.5%, the highest in four decades since 1982. The crypto market had already anticipated this event entering into a steep correction earlier on Monday. Just as the inflation numbers stood in accordance with the market expectations, Bitcoin...

Jan 12 2022

Bitcoin Miners Resolve to Heavy Accumulation, Here’s Why $40K Is Strong Support for BTC

Jan 12 2022 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

After a poor start to 2022, the world's largest cryptocurrency Bitcoin is finally showing some green shoots over the last two days. Well, thanks to the heavy miner accumulation that has taken place over the last few days. Showing full confidence in Bitcoin at $40K levels, miners have been making aggressive Bitcoin purchases as per The post Bitcoin Miners Resolve to Heavy Accumulation,...

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