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Inflation
Crypto Surges on US Inflation Rise, Korean Investors Win Damages
Tencent CEO sees opportunity in the metaverse. Crypto surges after the fastest US inflation rise in 30 years. Korean court rules in favor of hacked investors. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
Bitcoin Jumps to New All-Time High as Inflation Spikes to 6.2% in October
Bond traders are increasing their bets on faster inflation after the U.S. consumer price index jumped 6.2% in the 12 months through October, the highest rate in three decades. Still “transitory?”
Why Rising Inflation Could Be Good for Bitcoin
Bitcoin rises to a fresh all-time high after the U.S. Bureau of Labor Statistics releases the October consumer price index (CPI) number, the highest since 1990. CoinDesk's Galen Moore discusses why the inflation increase "would be good for bitcoin," adding "[inflation] tends to seem to drive bitcoin and the stock market apart." Plus, reasons behind Coinbase's user numbers and revenue decline for the third quarter.
Market Wrap: Higher Inflation Expected to Send Bitcoin and Gold Higher Into End of Year
Bitcoin hit an all-time high Wednesday before falling back.
Bitcoin Rallies to New Record High After CPI Release
New data on bitcoin's hourly price chart shows a rally to new record highs in the wake of a hotter-than-expected October reading in the U.S. consumer price index (CPI). The report showed the cost of living in the U.S. rose 6.2% in October from a year earlier, the fastest since 1990. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.
Bitcoin Hits New All-Time High as Inflation Spikes 6.2% in October, Highest CPI Number Since 1990
Bitcoin has hit a new record high of $69,000 in some exchanges after the U.S. consumer price index jumped 6.2% in the last 12 months through October, the highest rate since 1990. “The Hash” team discusses what rising inflation could mean for bitcoin crypto markets and the overall financial sector.
Large Bitcoin Investors Take a Breather After Frantic October, US Inflation Data Eyed
Bitcoin may struggle if inflation data revives rate hike fears, leading to risk-off in traditional markets
US Inflation’s 3-Decade-High Surge Provides Tailwind for Bitcoin
The Labor Department’s Consumer Price Index is closely tracked by bitcoin traders because the cryptocurrency is seen by some investors as a hedge against inflation.
Will Bitcoin Win When the Fed Stops Buying Bonds?
The cryptocurrency has been viewed as a hedge against inflation.
