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Economy

Bitcoin's hourly price chart showing a rally to new record high after CPI release. (TradingView/CoinDesk)
Markets
Bitcoin
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....
Bitcoin's hourly price chart showing a rally to new record high after CPI release. (TradingView/CoinDesk)
By Omkar Godbole
Nov 10, 2021 at 10:25 p.m. UTC
Nov 10, 2021
BitcoinEconomyMarketsTradingInvestingCryptocurrency MarketsInflation
Inflation worries are front and center from cryptocurrencies to traditional markets. (Art Institute of Chicago, modified by CoinDesk)
Markets
Inflation
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.
Inflation worries are front and center from cryptocurrencies to traditional markets. (Art Institute of Chicago, modified by CoinDesk)
By Bradley Keoun
Nov 10, 2021 at 1:41 p.m. UTC
Nov 10, 2021
InflationConsumer Price IndexEconomyCryptocurrency MarketsBitcoin
For now, era of low rates benefit risk assets (Shutterstock)
Markets
Market wrap
Market Wrap: Bitcoin Rises as Central Banks Maintain Low Rates
The cryptocurrency is rising along with stocks, although some analysts expect the rally could fade next year.
For now, era of low rates benefit risk assets (Shutterstock)
By Damanick DantesHelene Braun
Nov 8, 2021 at 10:14 p.m. UTC
Nov 8, 2021
Market WrapBitcoinEtherEther Optionscentral banksEconomy
(Shutterstock)
Markets
Jobs
US September Jobs Report Misses, Amid Fed Tapering Speculation
August’s jobs number was revised up by 131,000. Bitcoin prices hold steady after the report.
(Shutterstock)
By Nate DiCamillo
Oct 8, 2021 at 12:47 p.m. UTC
Oct 8, 2021
JobsQuantitative EasingEconomyFederal ReserveBitcoin
Bitcoin's daily chart (TradingView)
Markets
Bitcoin
Bitcoin Bounces Off 6-Week Low, Tracking Recovery in Stocks
“The long-term uptrend still has a hold on bitcoin,” one analyst said.
Bitcoin's daily chart (TradingView)
By Omkar Godbole
Sep 21, 2021 at 9:56 a.m. UTC
Sep 21, 2021
BitcoinMarketsFederal ReserveEconomyChinaStocks
Credit: Emilio Takas/Unsplash.
Markets
Inflation
Key US Inflation Gauge Slips to Slowest Pace in 6 Months, Bitcoin Rises
Core CPI, which excludes energy and food prices, rose 0.1% last month, the slowest pace since February.
Credit: Emilio Takas/Unsplash.
By Nate DiCamillo
Sep 14, 2021 at 12:41 p.m. UTC
Sep 14, 2021
InflationQuantitative EasingFederal ReserveEconomy
Bitcoin price chart over past week shows jump on Friday after Fed Chair Jerome Powell's speech at Jackson Hole.
Markets
Bitcoin
Bitcoin Rises Above $48K as Dollar Drops After Powell’s Dovish Comments
No news is good news for the bitcoin market as the Fed chairman avoids specifying a “tapering” time frame at virtual Jackson Hole symposium.
Bitcoin price chart over past week shows jump on Friday after Fed Chair Jerome Powell's speech at Jackson Hole.
By Omkar Godbole
Aug 27, 2021 at 5:20 p.m. UTC
Aug 27, 2021
BitcoinMarketsCryptocurrency MarketsFederal ReserveEconomy
The U.S. Federal Reserve building in Washington.
Markets
Federal reserve
Goldman Sachs Raises Odds of Fed Taper in November
"Historically, Fed taper has been a headwind for bitcoin," one fund manager said.
The U.S. Federal Reserve building in Washington.
By Omkar Godbole
Aug 25, 2021 at 2:38 p.m. UTC
Aug 25, 2021
Federal ReserveGoldman SachsCentral BankBitcoinEconomyFed
MOSHED-2021-6-2-11-29-26
Markets
Federal reserve
July Jobs Report: US Added 943,000, Beating Expectations
The U.S. unemployment rate fell to 5.4%, a post-pandemic low, from 5.9% in June, according to the U.S. Labor Department's Bureau of Labor Statistics.
MOSHED-2021-6-2-11-29-26
By Nate DiCamillo
Aug 6, 2021 at 12:40 p.m. UTC
Aug 6, 2021
Federal ReserveJobsEconomyJobs reportTaperingJuly Jobs Report
Investors are focused on how quickly the dollar's purchasing power is shrinking.
Markets
Inflation
US June Consumer Price Index Rose Faster Than Expected
Financial markets from stocks to bonds to cryptocurrencies have been fixated on inflation readings as the economy reheats.
Investors are focused on how quickly the dollar's purchasing power is shrinking.
By Nate DiCamillo
Jul 13, 2021 at 12:36 p.m. UTC
Jul 13, 2021
InflationFederal ReserveBitcoinEconomy