BTC nudged past $26,000 following CPI’s data announcement. Maximalists reiterated that the traditional financial system could not stop Bitcoin’s growth. Bitcoin [BTC] continued its unprecedented bulli...
Tag: CPI
CPI data ‘not good enough to stop the Fed’ from raising rates next week
The U.S. consumer price inflation data for February released Tuesday hardens expectations for the Federal Reserve to raise its benchmark interest rate by a quarter percentage point next week, even in ...
Bitcoin Smashes Past $26K as CPI Report Shows Inflation Held Steady in February
Bitcoin soared past $26,000, a price not seen since last Summer, on the back of the latest CPI print that showed inflation in the U.S. is still very much alive. The Consumer Price Index (CPI) rose 6...
Shiba Inu (SHIB) Rallies Rising 6% Post CPI Statistics Release
18 mins ago | 2 mins read Altcoin News The burn rate of SHIB has increased by almost 2,400% in the last day. SHIB has become the most traded token among the top Ethereum (ETH) whales. Shiba Inu (SHIB)...
February’s CPI Inflation Numbers Put Focus On Home Prices
SAN RAFAEL, CA – U.S. inflation remains stubbornly high, part of the reason is rising home costs in … [+] the CPI data, but that may change in the coming months (Photo by Justin Sullivan/G...
Bitcoin Breaches $26k Level as Crypto Market Rallies Post CPI Inflation
Bitcoin News The 12-month change in the core CPI rate was 0.5% higher in February, bringing it to 5.5%. Bitcoin finally surpassed the critical $26,000 price milestone. The value of Bitcoin (BTC), the ...
Bitcoin Approaching $26,000 as CPI Relaxes at 6%
The fresh CPI rates are out! The new rates have emerged as expected at 6% which kicked off the BTC price rally beyond $26,000. The bulls appear to be exhausted a bit as the prices are consolidating ju...
Bitcoin Pumps to $26,000 After Expected CPI Figures
Bitcoin bursts over $26,000 after the Consumer Price Index (CPI) comes at an expected rate of 6.0% Year-over-Year (YoY.) The US CPI increased by 0.4% Month-over-Month (MoM) in February, equivalent to ...
Stocks, regional banks rally as CPI comes in as expected
U.S. stocks rallied Tuesday morning, as crucial inflation data came in line with expectations. Regional bank stocks soared, clawing back some of their losses in the wake of the Silicon Valley Bank fal...
US Core CPI Tops Estimates, Pressuring Fed as It Weighs Hike
(Bloomberg) — Underlying US consumer prices rose in February by the most in five months, forcing a tough choice for Federal Reserve officials weighing still-rapid inflation against banking turmo...
3 takeaways from the February US CPI report
The story of the day for financial market participants comes from the United States. The February inflation report was released today – a critical piece of data ahead of next week’s Fed decision. It s...
Crypto Trader Predicts Low CPI Figures Will be good for Bitcoin
Michael Van de Poppe believes lower CPI figures will be positive for Bitcoin. The forecast is partly based on the FED’s likelihood of not hiking interest rates. CPI measures the change in the price of...
Bitcoin Price Makes a New High Above $26K As CPI Data Clocks in at 6%! Is $30K Imminent for BTC?
The last week brought a severe bearish rally for BTC price as the collapse of multiple crypto-friendly banks brought multi-week lows for Bitcoin. However, as the market recovers from its turmoil and U...
US Banks, Crypto Market Rally As CPI Data Comes In At 6%
After liquidity injections by the U.S. Federal Reserve and big banks like JPMorgan, bank shares are rebounding on Tuesday. After the U.S. CPI data for February comes in as expected by the market at 6%...
Bitcoin price sees new 2023 high as CPI sends BTC price above $26K
Bitcoin (BTC) spiked above $26,000 on March 14 as United States Consumer Price Index (CPI) data showed mixed inflation signals. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView CPI fuels 9-...
Breaking: Bitcoin Jumps 17% Breaks $26K As US CPI Inflation Cools To 6%
Crypto News: Bitcoin (BTC), the world’s largest digital asset price jumped by a whopping 18% over the past 24 hours to break the $26k price level. This spike comes after the February inflations look t...
CPI Moves Markets Green, For Now
After a bleak weekend for markets fearful of the ongoing banking crisis, equities and cryptos saw a mild turnaround Tuesday on promising inflation data that may signal a more dovish Federal Reserve ne...
Bitcoin smashes through $25,000 on expected CPI news, new YTD high for Bitcoin
Quick Take YOY Core CPI was forecasted to come in at 5.5%. The result was 5.5% CPI year over year was forecasted to come in at 6.0%. The result was 6.0%. Bitcoin has smashed through $25,000 Core infla...
CPI inflation February 2023:
Inflation rose in February but was in line with expectations, providing a key input into whether the Federal Reserve continues to raise interest rates. The consumer price index increased 0.4% for the ...
Massive Bitcoin Volatility as February CPI Clocks in at 6% YoY
The CPI numbers are in. As always, this caused a considerable uptick in market volatility, with the price of Bitcoin doing rounds. At the time of this writing, BTC trades at above $25,000. Source: Tra...
Bitcoin Price $25,000 After US CPI Inflation Data
The Wall Street giants and analysts hint at further recovery in the crypto market, continuing gains witnessed on Monday. Bitcoin and Ethereum prices reached near crucial levels after the massive rally...
Can Bitcoin Price Flip $25k Ahead Of Today’s CPI Data? Here’s What To Expect
The Bitcoin (BTC) market has gained more popularity following the collapse of three United States banks in the past few weeks. The top digital asset by market capitalization has gained over 20 percent...
Bitcoin perpetual funding rate turns negative ahead of CPI print – perspective turns bearish
Quick Take Bitcoin was heavily shorted from the 10th to the 13th of March on the news of contagion around the regional banks. Yesterday, Bitcoin broke $24,000 as the perpetual funding rate showed inve...
BTC Surges to 20-Day Highs Above $24K Ahead of CPI Release: Market Watch
Today is shaping up like another interesting day within the cryptocurrency industry as the issues surrounding quite a few banks in the US are still undergoing. Moreover, the US Bureau of Labor Statist...
Bitcoin price nears $25K as analysts place bets on CPI impact
Bitcoin (BTC) eyed key resistance near $25,000 on March 14 as markets awaited key economic data from the United States. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView Hopes CPI will bring ...
Banking Crisis Escalates Ahead Of CPI Inflation Report; Schwab In Focus
Dow Jones futures were higher ahead of Tuesday’s open, as the banking crisis continues to escalate, with two large bank failures in recent days — SVB Financial (SIVB) and Signature Bank (SBNY). ...
Markets Now See Larger Fed Hike This Month
Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on … [+] Capitol Hill in Washington, Tuesday, March 7, 2023. (AP Photo/Andrew Harnik) Copyright 2023 Th...
USD/JPY forecast ahead of US NFP, CPI, and BoJ decision
The USD/JPY price pulled back as investors patiently waited for the final Bank of Japan (BoJ) decision by Haruhiko Kuroda. It also retreated ahead as Kazuo Ueda prepares to become the next BoJ governo...
What To Buy In A High CPI Environment
Some investments do well the prices are rising Getty Is inflation scrambling your nest egg? If so, you’re not alone. The market’s been weak since inflation kicked into high gear in the sec...
Upcoming CPI Will Impact the Market Significantly: Brad Gerstner
Brad Gerstner expects CPI figures to tend towards 4%, contrary to popular expectations. Higher rates and inflation won’t stop investors from adopting venture-backed companies. Gerstner believes that i...
Bitcoin traders eye $19K BTC price bottom, warn of ‘hot’ February CPI
Bitcoin (BTC) failed to react at the March 6 Wall Street open as consensus formed around a potential violation of $20,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $19,000 BTC price...
What To Look For In The February Consumer Price Inflation Numbers
Jerome Powell, chairman of the US Federal Reserve, during a news conference following a Federal Open … [+] Market Committee (FOMC) meeting in Washington, DC, US, on Wednesday, Feb. 1, 2023. The ...