Crypto.com to Open New European Headquarters in France This week Singaporean crypto-giant, Crypto.com, announced it would be setting up its European arm in Paris. The firm is planning to spend 150 mil...
Tag: Inflation
Inflation News Causes Hike in Bitcoin and Altcoin Shorts
Wahid Pessarlay Enthusiastic crypto short traders get liquidated as BTC and altcoins buck expectations and rally despite bearish CPI announcement The cryptocurrency market has just recorded a remarkab...
Hedge Against Inflation With Bitcoin, Crypto Trading Firm Amber Says – Oryen The Better Choice?
Renowned trading firm Amber recently declared that Bitcoin is a solid hedge against inflation. With inflation increasing across the planet, the economy is looking for a weapon to help fight against gr...
3 Top Silver Stocks for Rising Inflation
Inflation has skyrocketed to a 40-year high this year due to the immense fiscal stimulus packages offered by most countries in response to the pandemic and the ongoing war in Ukraine. Even worse, whil...
4 takeaways after the US inflation week
The trading week that just ended brought more confusion to financial markets. The US inflation data for September was the main event of the trading week, and it brought severe stock market selling. Fo...
Community discusses why inflation isn’t pushing more people to crypto
While some anticipate that more people will naturally get into crypto due to inflation, the reality is far from some community members’ expectations. A discussion in the r/cryptocurrency subreddit hig...
Why Did Crypto Surge After Bad Inflation News?
Starting at around 9:30 a.m. ET, stocks and crypto bounced sharply. Bitcoin rocketed up 7.8% from a low of $18,372 to end Thursday at just over $19,800. At almost the exact same time, the Dow Jones In...
Bitcoin’s Rollercoaster Towards $20K, Inflation Numbers, and Google’s Foray into Crypto: This Week’s Recap
The past week saw the total cryptocurrency market lost about $30 billion in the past seven days, where most of the action took place yesterday. This was somewhat expected, given the US Bureau of Labor...
U.S. Inflation Has Major Consequences for Global Markets
The consumer price index (CPI) in the U.S. was 8.2% in Sept., higher than the 8.1% predicted, leading to fears that the Federal Reserve’s policy of stringent fiscal tightening to lower inflation will ...
Bitcoin, Ethereum Erase Losses Following Hot Inflation Report
Bitcoin and Ethereum have recovered all losses from yesterday, following their plunging in response to the release of the U.S. Bureau of Labor Statistics consumer price index (CPI), which was up 8.2% ...
Even as inflation bites, consumers are still turning to Amazon
A spate of fresh data this week showed consumers are feeling the sting from high inflation. While that likely means more pain for retail stocks, new Wall Street research suggests club holding Amazon (...
Crypto Market Recovers Despite Higher Inflation Rate
Cryptocurrency News Live Updates and Latest News: The Global crypto market has registered a broad recovery with an increasing correlation with the traditional markets. A buy sentiment can be spotted i...
Crypto Trading Firm Amber CEO Argues Bitcoin Can Still Be an Inflation Hedge; Cryptos’ Surprising Rebound
Instead, bitcoin did the reverse on Thursday, recovering from an early stumble to regain its now-familiar perch over $19,000. The largest cryptocurrency by market capitalization, which was recently up...
Series I bond rate expected to fall to roughly 6.48% in November
Morsa Images | E+ | Getty Images Fixed rate for I bonds will ‘most likely be zero’ I bond rates have two parts, a fixed rate, which remains the same after purchase, and a variable rate, wh...
Here’s how ‘rare’ S&P 500’s ‘violent’ reversal was after Thursday’s inflation report — and what history shows may come next, according to Bespoke
The U.S. stock market took an unusual swing after Thursday’s inflation report. “Shortly after the open, the S&P 500 index had dropped nearly 4% from its pre-market highs before staging an epic ral...
How To Buy More Than $10,000 Of I Bonds Before The Rate Drops
The Bureau of Labor Statistics yesterday released inflation numbers for September. The Consumer Price Index for All Urban Consumers (CPI-U) rose by 0.4 percent in September on a seasonally adjusted ba...
Who Benefits From Inflation?
| Getty Images Key Takeaways As inflation rises, it creates both winners and losers. Right now, it’s mostly losers. Inflation benefits those with fixed-rate, low-interest mortgages and some stock inve...
Prices Plunge Following Hot Inflation Report, Then Reverse Course Completely
● CoinDesk Market Index (CMI): 944.23 +0.4% ● Bitcoin (BTC): $19,373 +1.2% ● Ether (ETH): $1,294 −0.4% ● S&P 500 daily close: 3,669.91 +2.6% ● Gold: $1,673 per troy ounce +0.2% ● Ten-year Treasury...
The past two decades of low inflation and near-zero interest rates were an ‘aberration,’ BofA says. Get ready for an economic ‘regime change’
Inflation and higher interest rates may be here to stay as a new paradigm has emerged for the global economy. At least that’s what Bank of America’s team of investment strategists argued this week. An...
How To Invest To Beat Inflation
Key Takeaways Inflation increased by 0.4% in September, meaning high prices are likely to be around for some time yet. There are a surprisingly high number of investments that can be used to hedge aga...
ETH, BTC Surge, as US Inflation Uncertainty Fades – Bitcoin News
Ethereum was trading higher on Friday, as market volatility eased, following the latest U.S. inflation report. Core inflation rose 0.6%, with consumer prices up to 8.2%, higher than the expected 8.1%....
US September Inflation Data Is In: BTC, Gold and Key market Indices Show Upside Trends
US inflation data for September was released on October 13th. Persistent inflation signals more Fed rate hikes. Data on unemployment claims were also released. The U.S. Bureau of Labor Statistics (BLS...
Bitcoin Price Set For New Yearly Low With Hot CPI Inflation Data?
The Bitcoin price fell sharply following the release of the U.S. consumer price index (CPI) data on Thursday. With this, speculation is rife that the top cryptocurrency could drop further to a new yea...
Bitcoin Rebounds to Over $19K After Plunge Triggered by Hot Inflation Report
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US inflation brings Bitcoin down
Yesterday was a decidedly curious day in the financial markets, with US inflation continuing to affect the price of Bitcoin. Inflation in the US causes Bitcoin to plummet Before the opening of the US...
Fed’s benchmark interest rate may peak above 5% after Sept inflation data, some economists think
When the Federal Reserve started to raise its benchmark policy interest rate by super-sized 0.75 percentage points in June this year, a few Fed officials and private sector economists talked about how...
Crypto prices could rise during the inflation, says Paul Tudor Jones
Join Our Telegram channel to stay up to date on breaking news coverage Whenever there is a difficult economic situation, people tend to look to experts and billionaires and follow their lead when it c...
Best Time To Enter Bitcoin (BTC) Position After CPI Inflation Data
Taking into consideration risk associated with asset price movements after macro decisions, Bitcoin reaction to inflation data is highly anticipated. Bitcoin (BTC) dropped significantly following the ...
Hot Inflation Torches Bears in a Stock Reversal for the Ages
(Bloomberg) — It was a stock reversal for the ages: A near-uniform plunge followed by an everything rally made for a dizzying day on Wall Street. Most Read from Bloomberg The S&P 500 wiped o...
Kevin O’Leary Says ‘No Choice with Crypto’ After as US Inflation Burns Hot
After a release of key U.S. inflation data published on Thursday, the market saw Bitcoin dropping its price below $19,000 per coin. However, that did not move well-known investor and “Shark Tank...
No Relief Today, Nor Any In Sight
President Joe Biden gestures. (Photo by Andrew Caballero-Reynolds / AFP) (Photo by ANDREW … [+] CABALLERO-REYNOLDS/AFP via Getty Images) AFP via Getty Images For a couple of months this past sum...
Dow Posts Best Day Of 2022 In Wild Swing After Still-Hot Inflation Reading
Topline Stocks shot upwards Thursday in a surprising response to data revealing stubbornly high inflation, as investors interpreted the data as a “last gasp” for inflation in one of the most volatile ...