economy

Hurdles (Josh Boak/Unsplash)
Bitcoin Undervalued by On-Chain Metric, Might Remain That Way: Technical Take
Bitcoin is trading at a historic discount, while battling macro hurdles, CoinDesk Markets analyst Glenn Williams Jr. writes.
Hurdles (Josh Boak/Unsplash)

Markets Daily Podcast Cover
Crypto Update | Why Did Crypto Surge After Bad Inflation News?
With bitcoin and ether down Wednesday on a report showing inflation in the U.K. hit a 40-year high, plus a look at the confusing and strange psychology of markets, CoinDesk’s “Markets Daily” is back with the latest news roundup.
Markets Daily Podcast Cover

(Cemile Bingol/Getty Images, modified by CoinDesk)
Inflation Surprise! Markets Swerve Wildly as Core CPI Rises at Fastest Pace Since 1982
A whipsaw morning in trading follows the release of September’s official U.S. inflation numbers.
(Cemile Bingol/Getty Images, modified by CoinDesk)

CDCROP: Charts Indices Stocks on a laptop (Unsplash)
Crypto Stocks Plunge as Bitcoin Slides to $18.1K on Inflation Data
Coinbase has tumbled 11%, while MicroStrategy, Riot Blockchain, Marathon Digital are all down in the area of 7%.
CDCROP: Charts Indices Stocks on a laptop (Unsplash)

Small Shrinking Currency Dollar in Inflation on White Background
Bitcoin Sinks After US CPI Report Shows Inflation Hotter Than Expected
The "core" Consumer Price Index, seen as a more steady indicator of inflation, rose 6.6% from a year prior – a four-decade high.
Small Shrinking Currency Dollar in Inflation on White Background

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.