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Concerns remain over buying Bitcoin amid fear of inflation elevation
14.6.2024
The demand for Bitcoin via Spot ETF is fluctuating. This stems from the fear of inflation elevation despite the number indicating a soft decline in May 2024. The inflation figure for the US in May stands at 3.3%. Economic projections estimate that the number may go further down but the pace will...
BTC price shoots up $1.5K in seconds as US CPI shows inflation slowing
12.6.2024
Bitcoin comes charging back after a single U.S. macro data print reverses days of BTC price declines
U.S. CPI Was Flat in May, Beating Expectations; Bitcoin Rises to $69.2K
12.6.2024
Stubbornly high inflation readings in the past months curbed rate cut expectations weighing on asset prices
US Senators Urge Federal Reserve to Cut Interest Rates — Warn Fed Policy Threatens Economy, Risks Recession
11.6.2024
Three U.S. senators have urged Federal Reserve Chair Jerome Powell to cut interest rates, arguing that high rates stifle the economy and raise housing and auto insurance costs, which are key inflation drivers. They warn that prolonged high rates risk a recession and increased unemployment, calling...
Fed Should Cut Interest Rate as Restrictive Stance Adds to Inflation, Democrats Say
11.6.2024
Elevated interest rates aimed at taming inflation have become a part of the problem, three Democrat senators said
Bitcoin dips as ETFs break 19-day green streak, rumble over US inflation
11.6.2024
Traders are seemingly going risk-off ahead of a U.S. CPI print and a Fed monetary policy meeting, with Bitcoin falling to a weekly low
Mexican Billionaire Ricardo Salinas Doubles Down on Bitcoin, Advises Using It as Inflation Hedge
10.6.2024
Ricardo Salinas, the third wealthiest man in Mexico, has recently doubled down on his proposal to use Bitcoin as a reserve asset. On social media, Salinas defended the role of Bitcoin as an inflation hedge, commenting on a post that presented inflation as a hidden tax on fiat money and advised...
Why Zoomers Should Embrace Bitcoin: An Open Letter to Gen Z
10.6.2024
A high school junior makes the case to her peers
Inflation Explained: What It Is and Why It Happens
10.6.2024
While many are familiar with inflation, which indicates a decline in currency purchasing power alongside a general rise in the cost of goods and services in an economy, there is a common misconception that inflation is natural. In reality, it is largely driven by an increased money supply...
European Central Bank Cuts Rates by 0.25%, Confirms Data-Driven Approach for Path Ahead
7.6.2024
The European Central Bank announced cuts of 0.25% (or 25 basis points) on three of its main interest rates: the main refinancing operations, the marginal lending facility, and the deposit facility. President Christine Lagarde emphasized that future decisions regarding additional cuts will depend...
Bitcoin may hit new high if US employment, inflation slows
5.6.2024
Bitcoin could hit new highs in a matter of days if it holds strong amid three-year low job openings and possible slowing inflation in the U.S., says crypto researcher Markus Thielen
Why Bitcoin may be boosted by a European Central Bank rate cut
3.6.2024
The ECB is widely anticipated to implement a 0.25% rate cut, following seven consecutive months of easing inflation across the eurozone
Nobel Laureate Paul Krugman Claims ‘Inflation Bump Is Over’ — Peter Schiff Says Krugman’s View ‘Should Be Dismissed’
3.6.2024
Nobel Prize-winning economist Paul Krugman and gold advocate Peter Schiff are in disagreement over inflation. Krugman believes that “the inflation bump is over.” However, Schiff argues that Krugman didn’t even foresee the inflation bump, emphasizing that the Nobel laureate’s...
Nigeria’s Bitcoin interest unfazed by regulatory restrictions
2.6.2024
Notably, Lagos, Nigeria’s commercial nerve center, falls outside the top 15 cities regarding Google search interest for Bitcoin
Survey: 77% Believe Presidential Candidates Should Be Informed on AI and Crypto
1.6.2024
The Grayscale-Harris Poll survey, conducted in April-May 2024, reveals crucial insights into American likely voters’ views on cryptocurrency and its potential impact on the upcoming presidential election. The survey, involving over 2,000 adults, highlights key trends such as high interest...
Arweave, ORDI, Monero surge pre-US inflation data release
31.5.2024
Cryptocurrency markets are experiencing a notable uptick, with Arweave, ORDI, and Monero among the digital assets seeing significant price increases. This surge comes as investors brace for the upcoming release of the US Personal Consumption Expenditures (PCE) inflation data, a key economic...
Crypto market braces for options expiry & inflation data impact
31.5.2024
Two events are about to happen on May 31, 2024. First, the monthly options for Bitcoin and Ethereum are about to expire. Second, the Federal Reserve is expected to post inflation data. Both could potentially impact the sentiments in the crypto market. Inflation data could be lower than expected...
First Mover Americas: Crypto Market Flat Ahead of U.S. Inflation Data
31.5.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for May 31, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Economist Peter Schiff Advises Against Buying US Dollars — Warns of USD Breakdown
31.5.2024
Economist Peter Schiff cautions against buying U.S. dollars or selling gold, citing rising Treasury yields as a result of the government’s failure to control the national debt and inflation. He notes the widening trade deficits, suggesting an unproductive economy will further weaken...
First Mover Americas: Crypto in the Red Ahead of Friday's U.S. Inflation Data
30.5.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for May 30, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets