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CPI
Bitcoin and Stocks Took a Gut Punch; the Builders Hardly Noticed
Instead of waxing poetic about why the price of bitcoin “doesn’t matter,” TABConf attendees got down to the business of trying to break bitcoin’s commerce layer.
Bitcoin Clinging to $19K After Short Squeeze Triggered by Hot Inflation Data
CoinDesk Markets Managing Editor Brad Keoun discusses the hotter-than-expected U.S. Consumer Price Index (CPI) data for September and what this means for the crypto markets. Plus, CoinDesk Tech Managing Editor Christie Harkin discusses the key takeaways from the Bitcoin Amsterdam 2022 conference.
Bitcoin in Turmoil Following Hot Inflation Data
Thursday's CPI report indicates U.S. inflation rose to a 40-year high in September amid the Fed's consecutive interest rate hikes. The hot inflation data left bitcoin (BTC) in turbulence. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Rebounds to Over $19K After Plunge Triggered by Hot Inflation Report
BTC was up 0.2% after the price tumbled to $18,198 – the lowest since Sept. 21.
Bitcoin Remains Flat Around $19K Ahead of Key Inflation Data
TradeZing Market Advisor Mike Tedeschi discusses his bitcoin outlook as the cryptocurrency continues to trade sideways following the Fed's latest meeting minutes and ahead of September's Consumer Price Index (CPI) report to be released Thursday.
US Consumer Price Index for September Could Provide Push for Bitcoin to Break Out of Its Recent Range
The world’s largest cryptocurrency has been trading in a range between $18,000-$22,400 since the start of September.
Bitcoin Clings to $19K as Traders Place Bets Ahead of Key Inflation Data
BTC stabilized around $19,100 as stocks gained ahead of the release of the Consumer Price Index (CPI) inflation data.
Bitcoin Slips as Macro Clouds Loom Over Market
Bitwise Asset Management President Teddy Fusaro discusses his crypto markets analysis and outlook as investors await the latest consumer price index (CPI) data and the minutes of the Federal Reserve’s last meeting out this week. Plus, insights into launching the Bitwise Web3 ETF and institutional activity.
Bitcoin Outlook Ahead of CPI Inflation Report
CoinDesk Markets Managing Editor Brad Keoun discusses key support and resistance levels to watch for bitcoin (BTC) ahead of next Thursday's CPI report. Plus, CoinDesk Tech Managing Editor Christie Harkin on the outlook for the mining industry as the difficulty of mining a bitcoin (BTC) block is set to see another large increase early next week, weighing further on profit margins.
This Digital Asset Sector Was Most Effected by the Latest Inflation Numbers
Following the latest CPI announcement, the smart contract platform sector lost about 22% while the culture and entertainment sector “held up a bit better” losing 7%, CoinDesk Indices Managing Director Jodie Gunzberg tells “First Mover.”