The Consumer Price Index for July came below expectations, giving the Federal Reserve the green light to cut interest rates in September. The headline CPI inflation came in at 2.9%,…
Bitcoin’s price pumped hard yesterday and neared $60,000 after the CPI numbers came out, but lost all momentum and retraced by over two grand. Most altcoins are quite sluggish on…
Today’s post-CPI Bitcoin price action has concerned the bulls. The US Bureau of Labor Statistics released the Consumer Price Index for June today on Thursday. The headline annual CPI inflation…
The US Bureau of Labor Statistics (BLS) has published this month’s data for the Consumer Price Index. As is normally the case, this has caused some volatility within the cryptocurrency…
The beginning of July has not been bullish for the Bitcoin and crypto market as earlier expected due to a number of events that have shaken the market. For example,…
Bitcoin went on a real rollercoaster in the past few days in anticipation of the US CPI numbers and the subsequent FOMC meeting. The altcoins went on a similar ride,…
The US Consumer and Price Index for May showed a slight movement for the inflation data, showing a minor decrease to 3.3% compared to April’s numbers of 3.4%. These CPI…
Crypto traders are gearing up for massive volatility, with several key macroeconomic events taking place this week. Spearheading the week is the Consumer Price Index on Wednesday, followed by the…
Bitcoin’s price has been sensitive to changes in inflation data – Consumer Price Index (CPI) – relative to the previous month, according to a May 29 market report from 10x…
A lot can change in the cryptocurrency market within the span of a week and it indeed did in the past seven days. It was just last Friday when bitcoin…
