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CPI
Bitcoin Holds Firm Above $30K, Ether Hovers Near $1.9K Ahead of CPI, Shapella Upgrade
Investors will be eyeing Wednesday’s U.S. Consumer Price Index for the latest reading on inflation and the Shanghai “hard fork.”
Bitcoin Breaks Above $30K: Next Key Catalyst to Watch
Bitcoin (BTC) broke the $30,000 level for the first time since June 2022, as recent banking jitters fade further into the distance and investors grow more optimistic about the Federal Reserve's monetary policy. eToro Market Analyst Josh Gilbert reacts to these developments and adds, "the key catalyst from here is going to be U.S. CPI."
Bitcoin Gains Early, Fades Late to Trade Below $25K
BTC had surged to a 9-month high above $26,500 after the latest inflation data before retreating.
Bitcoin Breaks $25K as U.S. Inflation Slowed to 6% in February
BTC rose to a nine-month high of $25,484 in the minutes following the inflation report and then extended those gains.
Bitcoin Jumps Back Above $22.5K After CPI Report
Bitcoin climbed back above $22,500 as crypto traders reacted to the Consumer Price Index (CPI) rising 0.5 percent in January. eToro Investment Analyst Callie Cox discusses how the inflation data could impact risk assets and Federal Reserve's upcoming interest rate decisions. Plus, insights on DOGE soaring after Twitter CEO Elon Musk posted a meme involving his dog Floki.
First Mover Americas: Lido DAO’s Governance Token Jumps 17%
The latest price moves in crypto markets in context for Feb. 15, 2023.
Bitcoin Rises As U.S. Inflation Rose Slightly in January; Three Arrows Capital Founders Create 'Open Exchange'
Bitcoin saw small gains Tuesday after the U.S. Bureau of Labor Statistics revealed that the consumer price index (CPI) for January rose 0.5% versus 0.1% a month earlier, in line with economist forecasts. The Wall Street Journal reports the founders of failed hedge fund Three Arrows Capital are launching a $25 million crypto exchange venture at the end of the month. And, the Senate Banking Committee hosted a hearing called "Crypto Crash: Why Financial System Safeguards are Needed for Digital Assets."
Bitcoin Rebounds Above $22K After Tepid Inflation Readings
Bitcoin dropped initially after the Bureau of Labor Statistics monthly report but then surged. Ether is up nearly 5%.
Crypto Markets React to Latest US Inflation Report
Bitcoin (BTC) is trading mostly sideways after falling briefly following the Consumer Price Index (CPI), showing a higher than expected annual inflation of 6.4% in January. MarketVector Indexes Digital Asset Product Strategist Martin Leinweber shares his analysis on the crypto markets.