Bitcoin Hits $66K as Soft Inflation Data Sparks Crypto Rally
Sluggish U.S. retail sales and softer inflation reports have opened the way for the next leg up in the crypto rally, Swissblock said.
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May 15, 2024 at 8:11 p.m. UTC
May 15, 2024
Inflation
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U.S. CPI Softer Than Expected at 0.3% in April; Bitcoin Rises to $63.7K
In a year of mostly bad news on inflation, the government's Wednesday report gave some hope that Fed rate cuts might still be on the table.
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May 15, 2024 at 12:42 p.m. UTC
May 15, 2024
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Bitcoin Market Activity Suggests Looming U.S. Inflation Data May Be Non-Event
The way bitcoin options are priced suggests Wednesday's CPI report, though pivotal, may do little to disturb the calm in the crypto market.
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May 14, 2024 at 10:34 a.m. UTC
May 14, 2024
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Cautious Bitcoin Bounce to Face Inflation Data Hurdles Later This Week
The downtrend in inflation has stalled so far this year, putting in doubt the odds for any Fed rate cuts in 2024.
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May 13, 2024 at 6:57 p.m. UTC
May 13, 2024
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Bitcoin's Modest Rally Cut Short, Price Tumbles Back Below $61K
Stagflationary U.S. economic data and hawkish remarks from a Fed speaker appeared to sour the bullish mood.
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May 10, 2024 at 3:20 p.m. UTC
May 10, 2024
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Bitcoin Dips to $63K as Rate Cut Hopes Dim Following Disappointing U.S. Inflation Report
Increasing concerns about sticky inflation hit risk assets across all markets, cryptos included.
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Apr 25, 2024 at 2:27 p.m. UTC
Apr 25, 2024
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What Is Bitcoin Meant to Hedge?
The cryptocurrency underperformed this week as an economic safe haven. But bitcoiners are taking a longer term view.
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Apr 17, 2024 at 6:36 p.m. UTC
Apr 17, 2024
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Bitcoin Rebounds to $70K, Shrugging Off Hot U.S. Inflation Print
Major U.S. equity indices closed the day lower after disappointing CPI numbers, while BTC was up 1%.
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Apr 10, 2024 at 9:00 p.m. UTC
Apr 10, 2024
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U.S. CPI Comes in Faster Than Hoped, Rising 0.4% in March, 3.5% Y/Y
Stubbornly high inflation has shattered Wall Street expectations for a long series of rate cuts in 2024.
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Apr 10, 2024 at 12:36 p.m. UTC
Apr 10, 2024
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Bitcoin Breakout Halts as U.S. Inflation Data Looms
The Bureau of Labor Statistics is set to release March 2024 CPI data Wednesday at 8:30 a.m. ET (12:30 UTC).
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Apr 10, 2024 at 6:52 a.m. UTC
Apr 10, 2024