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Bitcoin Price Prediction as US Core Inflation Data is Released – Bear Market Over?
12.4.2023
The cryptocurrency market has been factoring in the recently released US CPI figures, which have underperformed expectations. Many speculate on how this crucial economic indicator will impact Bitcoin's price trajectory.
In this article, we will delve into the potential implications of...
Biggest Movers: SOL Hits 6-Week High, Following US Inflation Data
12.4.2023
Solana moved to a six-week high on Wednesday, as markets reacted to the latest inflation figures from the United States. The consumer price index (CPI) fell to 5% in March, lower than the 5.2% sum many had expected. Ethereum classic also moved higher, nearing a multi-week high. Solana (SOL) Solana...
US Consumer Price Index Rises 0.1% in March, Annual Inflation up 5% From Last Year
12.4.2023
On Wednesday, the U.S. Bureau of Labor Statistics published the Consumer Price Index (CPI) report, which noted that inflation rose 0.1% last month in March and 5% from a year ago. Annual inflation has dropped for nine consecutive months following the nine times the U.S. Federal Reserve raised...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Around $30,000, Ahead of US Inflation Report
12.4.2023
Bitcoin consolidated around the $30,000 mark on Wednesday, as markets prepared for the release of the latest inflation report in the United States. Consumer prices in the U.S. are expected to fall to 5.2% in March, down from 6% the month prior. Ethereum also consolidated, dropping back below...
Bitcoin price rivals 10-month high as CPI data beats expectations
12.4.2023
BTC price performance gets a fresh boost from strong U.S. inflation data, with Bitcoin bulls eyeing a clean trend breakout
Bitcoin price teases $30K breakdown ahead of US CPI, FOMC minutes
12.4.2023
BTC price action becomes less sure of itself as a slew of U.S. macro data promises volatility across Bitcoin and risk assets
U.S. CPI Inflation Rises 0.1% in March, Slower Than Forecasts for 0.2%
12.4.2023
Bitcoin rose/fell to $XX,XXX in the minutes following the report
Nigerian Forex Inflows: ‘Ambiguous Foreign Exchange Regime’ Blamed After Inflows Dropped to $5.32 Billion in 2022
12.4.2023
Between 2019 and 2022, the value of foreign capital that flowed into Nigeria dropped from $23.9 billion to $5.32 billion. The drop has been attributed to low investor confidence, the high cost of doing business, as well as the country’s high inflation rate. Nigeria will “struggle...
China’s Inflation Rate Drops to Lowest in 18 Months
12.4.2023
The annual inflation rate in China has unexpectedly slowed down in March to its lowest level in a year and a half, the latest statistical data indicates. On a monthly basis, consumer prices decreased for a second consecutive month, despite estimates suggesting they will remain unchanged. Post...
Bitcoin double top 'invalidated' amid fear CPI may fuel macro comedown
11.4.2023
Feelings over BTC price action diverge across short and long timeframes as the upcoming CPI and PPI prints unsettle the mood
XRP price rally stalls as SEC vs. Ripple ruling drags on — 25% drop ahead?
11.4.2023
XRP nears key breakout but lackluster volumes may spoil its 30% rally setup
Strategist Expects US Recession by Year-End, Fed Tightening to Drag Down Economy
11.4.2023
Investment bank MPS Capital Services has warned that the U.S. economy will be in a recession by year-end. The firm’s strategist predicts that the Federal Reserve will raise interest rates by an additional 25 basis points, warning that the central bank’s monetary tightening “will...
Bitcoin Breaks Above $30K for First Time Since June 2022
11.4.2023
Bitcoin Approaches $30K, Reaching Highest Price Since June
10.4.2023
The roots of an hour-long surge were difficult to pinpoint, according to one analyst, but investors have recently been more optimistic about the crypto’s prospects following last month’s banking crisis
Bitcoin price rallies to $29.4K as traders gear up for this week’s CPI print
10.4.2023
BTC’s rally to $29,400 comes as the all important CPI report releases on April 12 and traders debate whether the Federal Reserve will pivot
Economists Expect the Fed to Reveal Another 25bps Rate Hike Before Pausing for the Rest of 2023
10.4.2023
After the March rate hike by the Federal Reserve, economists believe that the recent move by Saudi Arabia and several members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production could complicate the central bank’s mission. Additionally, the majority of...
CPI to spark dollar 'massacre' — 5 things to know in Bitcoin this week
10.4.2023
Bitcoin seals its highest weekly close in ten months as CPI prepares to inject fresh volatility into BTC price and beyond
Latam Insights — Alliance Against Inflation, BTG Pactual Launches Stablecoin, and Argentina Debuts New Dollar
8.4.2023
Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue: Latin American nations ink an agreement to reduce inflation, Brazil-based BTG Pactual launches its own dollar-pegged stablecoin, and Argentina...
Core Inflation on Upward Trend, Further Rate Hikes Expected, ECB Execs Say
7.4.2023
Amid underlying inflationary pressures, further interest rate increases may still be needed, members of the European Central Bank’s Governing Council have admitted. At the same time, the cycle with the highest hikes may soon be over, the officials indicated. End of Most Aggressive Rate Hikes...
Former US President Donald Trump States China Is ‘Trying to Replace the Dollar as Number One Currency’
7.4.2023
Former U.S. President Donald Trump has acknowledged the push that China is making to dethrone the dollar as a reserve currency. In a post published on Truth Social, Trump stated that if this comes to happen, it would be the biggest defeat in the history of the U.S. in the last 200 years. Donald...