The Consumer Price Index (CPI) data has an impact on both the traditional global asset markets and the digital asset markets. The Federal Reserve will decide whether to tighten monetary policy further...
Tag: CPI
Is Inflation Now Out Of Control?
UNITED KINGDOM – OCTOBER 17: Upper detail of Phillip’s Economic Computer, the machine conceived by … [+] Bill Phillips (1914-1975), a New Zealand-born engineer turned economist. Phil...
Inflation Cooled in January, but Analysts Fear a Plateau
While inflation eased slightly in January, Tuesday’s Consumer Price Index print still came in higher than expected. The pace of higher prices cooling may be starting to plateau, analysts fear. T...
Decoding the mixed reactions towards BTC as CPI rose by 0.5%
CPI increased by 0.5% as the annual rate of inflation hit 6.4%. BTC witnessed a brief downtrend after the CPI report but recovered briefly after. The US Bureau of Labor Statistics issued its Consumer ...
Bitcoin, Ethereum Trade Sideways as Market Mulls Mixed CPI Report
Consumer prices rose more than expected in January, a potentially negative sign of what’s in store for risk assets like cryptocurrencies in 2023 as the Federal Reserve tries to tame inflation through ...
Internet Outperforms As CPI Drives Asia Markets Lower
China Last Night KraneShares Key News Asian equities were mostly lower as Hong Kong underperformed on volume that increased overnight. The US CPI print indicated that inflation calmed down slightly fr...
Bitcoin price clings to $22K as investors digest the recent SEC actions and CPI report
After 20 days of holding the $22,500 support, Bitcoin (BTC) price finally broke down on Feb. 9. Bullish traders had placed their hope on a sustained rally, but this has been replaced by a tight tradin...
U.S. CPI Drops Slightly In January, But Fed Now Expects Higher Rates For Longer
Inflation fell less thank expected in January Getty Key Takeaways Year-over-year inflation cooled slightly in January, but less than economic experts forecasted Monthly inflation painted a more concer...
Bitcoin, Ethereum, and major altcoins gain after the US CPI
Bitcoin, Ethereum, and many other cryptocurrencies rose on Wednesday after investors ignored the seemingly US regulatory crackdown and inflation data. Cardano posted the largest increase, but many oth...
CPI Data Led Reversal To Trigger $25K?
Bitcoin CPI Data News: A higher than expected inflation data for January initially resulted in traders reflecting disappointment. However, BTC is now forming a bear trap situation after a sudden rever...
Ethereum Price Turned Bullish Hours After CPI Data Revealed; Should You Enter?
Published 16 hours ago Since last month, the Ethereum price has resonated in the fixed range spread from $1680 to the $1500 mark. With the recent sell-off in the crypto market, the Ethereum price has ...
Crypto Prices Reverse From Drop After US CPI Data
US CPI Data: The crypto prices reacted negatively to the higher than expected CPI data, although there is a reversal after an hour or so. The U.S. Bureau of Labor Statistics released the Consumer Pric...
Bitcoin Price Analysis & Prediction (Feb 14th) – BTC Volatility Drops Ahead CPI Release, Down 6% in a Week
After Bitcoin rallied by over 50% in the past month, it took a break and made a significant downturn. The price plunged sharply to a key support level this week. It bounced slightly and now looking fo...
U.S. Core CPI Rise Forces Rethink After Disinflation Rhetoric
The month-on-month headline CPI for Jan. 2023 rose 0.5%, while the core CPI, excluding gas and energy prices, rose 0.41%, up from 0.3% in Dec. 2022. The so-called reinflation observed in the core CPI ...
Traders Capitulate, Abandoning Fed Rate Cut Bets After CPI Spike
(Bloomberg) — Bond traders were once again forced to rethink the Federal Reserve’s path after inflation data showed prices remain stubbornly high. They now expect the Fed to continue raising int...
CPI Data Hits 6.4%, But Bitcoin Price Might Soon Hit $25K
Recently, during the FOMC meeting, the Federal Reserve had a soft approach towards interest rate hike as there was only 0.25% interest rate hike instead of 0.50%. Today the traders and investors had h...
These 5 Cryptocurrency May Boost Post U.S. CPI Data
The U.S. Bureau of Labor Statistics is all set to release the Consumer Price Index (CPI ) data today for the month of January. The inflation rate is expected to slow down and come to 6.2% the lowest s...
Bitcoin price targets range from $19K to $25K as CPI day dawns
Bitcoin (BTC) saw ongoing rejection below $22,000 into Feb. 14 as markets braced for macroeconomic data impact. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin vs. CPI: “Expect vol...
Stock Market Swings After Inflation Fuels Uncertainty Over Fed Rate Hikes
Topline Stocks stumbled Tuesday after data revealed inflation isn’t slowing down as quickly as economists expected—ushering in volatility that many experts predict will only continue in the coming mon...
Short Term Crypto Rally Likely After US CPI Data Release?
US CPI Data: The release of consumer price index (CPI) for January by the U.S. Bureau of Labor Statistics could likely have a significant ripple effect on the markets for the weeks to come. Amid hopes...
US CPI Collides with the First Weekly Bitcoin Death Cross- Where will the BTC Price Head Next?
Bitcoin price is flashing bullish signals ahead of the fresh CPI rates which are to be rolled out in some time The price is trading within a decisive phase where-in a bullish breakout is expected in t...
CEO of Analytic firm: CPI News Today Could Push Bitcoin Sideways
Matthew Dixon said CPI’s outcome could affect Bitcoin today. The crypto market is about to lose the $1 trillion cap as BTC and ETH trade in the red. Crypto traders bought and sold over $550M Solana in...
Bitcoin Price Likely To Hit $25K After US CPI Data, Here’s Why
Bitcoin price witnessed increased buying pressure from investors and whales as prices fell below $21.5K. Bitcoin Whale Transactions Count on-chain data reported by CoinGape on Monday revealed an incre...
CPI Housing Costs Remain Elevated, Industry Data Disagrees, Here’s Why
Jerome Powell, chairman of the US Federal Reserve. January CPI data was broadly encouraging, but may … [+] not be enough to change the Fed’s plans to hike rates at future meetings. Photogr...
Bitcoin trades under 22k as market awaits CPI numbers
Ad The cryptocurrency market cap saw net inflows of $12 billion in the last 24 hours and currently stands at $1.01 trillion — up 0.89% from $998.09 billion. During the reporting period, Bitcoin and Et...
Investors Wait For US CPI & Internet Earnings
China Last Night KraneShares Key News Asian equities were mixed on light volumes in advance of today’s US CPI release as markets appear to have caught onto the Fed’s focus on inflation. Despite a stro...
Upside surprise in US CPI to support the dollar in the months ahead
The much-awaited January inflation report was released today in the United States. The prices of goods and services increased by 0.5% MoM in January, as forecast. However, the yearly CPI came out hott...
Ethereum price drifted higher after CPI but downside risks remain
Ethereum (ETH/USD) price crawled back slightly on Tuesday after the US published stronger-than-expected January inflation figures. The coin jumped to $1,525, which was a few points above the year-to-d...
Bitcoin Drops Toward $21.5K on 6.4% US CPI Numbers for January
The United States Department of Labor outlined the inflation numbers for the first month of 2023, which were slightly different that the expectations. Bitcoin reacted with an immediate price drop that...
Will CPI reinforce Powell’s disinflation view?
The consumer price index (CPI) set to be released Tuesday morning is expected to show inflation has eased, which would reinforce Federal Reserve Chair Jerome Powell‘s belief that disinflation is...
U.S. Regulatory Crackdown on Crypto Market Intensifies Ahead of CPI Data Release
The crypto market is getting tested for its resilience following the heightened regulatory crackdown from key agencies in the United States. With the total crypto market capitalization down approximat...
Aptos Explodes 10%, Bitcoin Calm Below $22K Ahead of CPI Numbers (Market Watch)
Bitcoin has remained stuck beneath $22,000 for the past 24 hours, but there’s likely to be more volatility during the day as the US is scheduled to announce the CPI numbers for January. The altcoins h...