US Inflation Rose to Nearly Four-Decade High of 7% in December
The consumer price index is closely watched by bitcoin investors who view the cryptocurrency as a hedge against inflation.
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Jan 12, 2022 at 1:42 p.m. UTC
Jan 12, 2022
Consumer Price Index
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Traders Will Be Watching if December CPI Confirms Inflation at 4-Decade High
Tighter Fed monetary policy could put more downward pressure on risky assets from stocks to cryptocurrencies.
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Jan 11, 2022 at 9:05 p.m. UTC
Jan 11, 2022
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US Inflation Jumps to 39-Year High of 6.8% in November; Bitcoin Falls
Prices for bitcoin, seen by a growing number of investors as a hedge against inflation, jumped 2% after the CPI report from the U.S. Department of Labor’s Bureau of Labor Statistics.
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Dec 10, 2021 at 10:44 p.m. UTC
Dec 10, 2021
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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.”
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Nov 10, 2021 at 9:47 p.m. UTC
Nov 10, 2021
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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 [...]
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Nov 10, 2021 at 9:47 p.m. UTC
Nov 10, 2021
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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.
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Nov 10, 2021 at 1:41 p.m. UTC
Nov 10, 2021
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Coinbase Posts $1.9B in Q2 Transaction Revenue, Beating Estimates
Coinbase posted $1.9 billion in transaction revenue in the second quarter of 2021, surpassing analyst estimates for $1.57 billion in its second-ever earnings report as a public company. The crypto exchange also noted ether was traded more than bitcoin in Q2 for the first time.
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Aug 11, 2021 at 2:37 p.m. UTC
Aug 11, 2021
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US July Consumer Price Index Rose Slightly Faster Than Expected
A year-over-year gain of 5.4% may reflect an economy that’s still suffering from supply shortages while keeping up with increasing demand.
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Aug 11, 2021 at 12:41 p.m. UTC
Aug 11, 2021
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What’s Next for Bitcoin as It Heads for Lowest Weekly Close Since June
Bitcoin is headed for its lowest weekly close since June 14 and remains in a lull into the weekend.
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Jul 16, 2021 at 8:22 p.m. UTC
Jul 16, 2021
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US June Consumer Price Index Rose Faster Than Expected, Bitcoin Cut in Half
The U S Consumer Price Index rose faster than expected in June jumping by 5 4 in the last 12 months and exceeding economists expectations by about half a percent Meanwhile bitcoin’s price has nearly been cut in half since its April peak All About Bitcoin host Christine Lee breaks down the Chart of the [...]
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Jul 13, 2021 at 8:24 p.m. UTC
Jul 13, 2021