economy

CDCROP: Shopping trolley The latest inflation data is due on Thursday morning (Kinga Krzeminska/Getty Images)
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.
CDCROP: Shopping trolley The latest inflation data is due on Thursday morning (Kinga Krzeminska/Getty Images)

CDCROP: New Bitcoin Ekasi Center launched in South Africa. (Courtesy of Bitcoin Ekasi)
South African Non-Profit Bitcoin Ekasi Opens Education Center
The center will educate residents of Mossel Bay on bitcoin, finance and other subjects.
CDCROP: New Bitcoin Ekasi Center launched in South Africa. (Courtesy of Bitcoin Ekasi)

CDCROP: Frank Downing, director of research at Ark Invest / Steven McClurg, co-founder of asset management firm Valkyrie (ARK Invest/Valkyrie)
Valkyrie Funds, Ark Invest Say Crypto Has Hit ‘Bottom’ Amid Recession Woes
Frank Downing, director of research at Ark Invest and Steven McClurg, co-founder of asset management firm Valkyrie, joined “First Mover” to discuss the state of crypto, the economy and their respective crypto-focused separate managed accounts.
CDCROP: Frank Downing, director of research at Ark Invest / Steven McClurg, co-founder of asset management firm Valkyrie (ARK Invest/Valkyrie)

CDCROP: NOW HIRING Sign
Crucial US Jobs Report Could Test Fed's Resolve, Bitcoin's Resilience
Friday's report from the U.S. Labor Department on nonfarm payrolls is expected to show an addition of 250,000 jobs in September, a slowdown from the 315,000 reported for August.
CDCROP: NOW HIRING Sign

U.S. Federal Reserve building in Washington, D.C.
Fed Hikes Rates to Highest Since 2007; Bitcoin Slides Toward $19K
This is the third consecutive time that members of the Federal Open Market Committee raised rates by 75 basis points, signaling how serious inflationary pressures have gotten in the U.S. The bitcoin market doesn't like it.
U.S. Federal Reserve building in Washington, D.C.

(Malte Mueller/Getty Images, modified by CoinDesk)
Markets Plummet as Inflation Comes In Hot
Core inflation went up more than twice as much as economists anticipated.
(Malte Mueller/Getty Images, modified by CoinDesk)

CDCROP: Bread (Creative Commons, modified by CoinDesk)
Path Forward for Crypto Gets Tougher After US CPI Report Comes in Hot
It's becoming a game of Whac-A-Mole for the Federal Reserve to keep consumer prices from shooting up. That might mean an aggressive-for-longer stance on monetary policy, ostensibly a negative driver of prices for risky assets from stocks to cryptocurrencies.
CDCROP: Bread (Creative Commons, modified by CoinDesk)

A new report by the Labor Department shows that hiring is still robust. (Clem Onojeghuo/Unsplash)
US Job Growth Slowed in August; Bitcoin Gains
The report is one of the last major economic data points the Federal Reserve will see before its September monetary policy meeting.
A new report by the Labor Department shows that hiring is still robust. (Clem Onojeghuo/Unsplash)

CDCROP: Editorial, business and work, office (Alex Kotliarskyi/Unsplash)
Bitcoin, Ether Consolidate as Traders Eye US Jobs Report to Gauge Next Fed Rate Hike
Instead of weighing the broader path for interest rates or the terminal rate, markets are trading the odds on the Fed's Sept. 21 decision: 50 bps or 75 bps, one trading firm said.
CDCROP: Editorial, business and work, office (Alex Kotliarskyi/Unsplash)

Bitcoin price chart on TradingView. (Source: TradingView)
Bitcoin Tumbles Below $21K After Powell’s Hawkish Remarks
The Federal Reserve chair said households and businesses should prepare for pain as the central bank works to bring down inflation.
Bitcoin price chart on TradingView. (Source: TradingView)