CPI

Bitcoin Reaction as Inflation Eases; Could Elon Musk Rival ChatGPT Next?

“CoinDesk Daily” host Jennifer Sanasie discusses the hottest stories in crypto, including bitcoin's reaction after the Consumer Price Index (CPI) slipped to 3.0% on a year-ove...

By CoinDesk Staff

Jul 12, 2023 at 6:54 p.m. UTC

Jul 12, 2023

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Bitcoin Nears $31K After June U.S. Inflation Data

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Unchained

Bitcoin Nears $31K After June U.S. Inflation Data

The U.S. inflation rate as measured by the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Bitcoin (BTC) rose modestly to $30,90...

By CoinDesk Staff

Jul 12, 2023 at 2:36 p.m. UTC

Jul 12, 2023

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Finance

Cpi

Bitcoin Holds Just Below $31K After U.S. Inflation Improves More Than Forecast

Economists had forecast sizable year-over-year declines in both headline and core inflation for this report.

By Stephen Alpher

Jul 12, 2023 at 12:34 p.m. UTC

Jul 12, 2023

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Markets

Inflation

Crypto Catalyst Watch: June CPI, PPI Readings Hold the Spotlight

The CPI sank to 4% in May and has been trending downward, although the Federal Reserve seems likely to follow through on an intended rate hike later this month.

By James Rubin

Jul 11, 2023 at 1:31 a.m. UTC

Jul 11, 2023

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Bitcoin Hovers Around $26K Following Softer-Than-Expected CPI Data

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Cdtv

Bitcoin Hovers Around $26K Following Softer-Than-Expected CPI Data

The U.S. Consumer Price Index (CPI) for May came in softer than expected, rising just 0.1% in May versus 0.4% in April, according to the Bureau of Labor Statistics. "First Mov...

By CoinDesk Staff

Jun 13, 2023 at 2:46 p.m. UTC

Jun 13, 2023

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Finance

Cpi

U.S. CPI Inflation Slowed to 0.1% in May; Bitcoin Rises

The news on consumer prices comes one day ahead of the results of the Fed's latest monetary policy meeting.

By Stephen Alpher

Jun 13, 2023 at 12:34 p.m. UTC

Jun 13, 2023

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Markets

Federal reserve

Crypto Catalyst Watch: What Might Move Markets This Week

The Federal Reserve’s latest rate hike decision and U.S. inflation data are among key upcoming items.

By Stephen Alpher

Jun 12, 2023 at 6:27 p.m. UTC

Jun 12, 2023

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Bitcoin Below $27K as UK Core CPI Hits Highest Since 1992

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Cdtv

Bitcoin Below $27K as UK Core CPI Hits Highest Since 1992

Bitcoin slid under the $27,000 level as traders react to U.K. inflation figures. The hotter-than-expected U.K. core Consumer Prices Index (CPI) rate came in at 6.8% – the high...

By CoinDesk Staff

May 24, 2023 at 2:33 p.m. UTC

May 24, 2023

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Finance

Inflation

U.S. CPI Inflation Falls to 4.9% in April; Bitcoin Rises Above $28K

The Federal Reserve last week suggested it could pause its long series of rate hikes even as inflation remains well above its 2% target.

By Stephen Alpher

May 10, 2023 at 12:37 p.m. UTC

May 10, 2023

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Markets

Bitcoin

Bitcoin Moves Sideways at $27.5K as Investors Await CPI Inflation Reading

Equities slid. Investors will be watching Wednesday's release of the April Consumer Price Index for clues about the Federal Reserve's next monetary policy decision.

By Jocelyn Yang

May 9, 2023 at 11:02 p.m. UTC

May 9, 2023

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