The U.S. Consumer Price Index (CPI) rose 9.1% in June, accelerating from May’s 8.6% pace to a fresh 40-year high. “The Hash” panel unpacks the latest inflation report and discusses what this means for everyday consumers, investors and crypto markets.
Bitcoin has sunk below $20,000 after U.S. inflation hit a new 40-year high at 9.1% in June. CoinDesk Markets Managing Editor Brad Keoun discusses the impact of rising inflation on the crypto markets and global finance.
Amid global central banks raising interest rates in their attempts to tackle rising inflation, Arca Head of Research Katie Talati discusses what this means for the crypto market and wider global financial markets. Is bitcoin still an inflationary hedge? Plus, why Arca remains bullish on the future of bitcoin and digital assets.