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Bitcoin, Ethereum Technical Analysis: ETH, BTC Fall to Multi-Week Lows, Following US Inflation Data
11.5.2023
Ethereum fell below $1,800 in today’s session, as markets continued to react to the latest U.S. consumer price index. Inflation in the United States fell to 4.9% in April, less than the 5% sum many had expected. Bitcoin was also lower on the data, falling below $27,000. Bitcoin Bitcoin (BTC)...
Bitcoin Hovers Near $29.3K After Binance Sell Order, UK Inflation Data
19.4.2023
BTC fell as low as $29,045 earlier Wednesday. ETH dropped below $2,000 for the first time in almost a week
First Mover Asia: Major Cryptos Remain Unstirred by Inflation Data, Ethereum Shanghai Fork
13.4.2023
ALSO: CoinDesk crypto markets analyst Glenn Williams writes that bitcoin whales recent moves may offer clues about BTC's path forward
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...
First Mover Asia: Bitcoin Holds Near $25K as Investors Remain Upbeat About Inflation Data, Fed Rate Hikes
15.3.2023
ALSO: Two prominent crypto executives say the industry must learn from the failings of Signature, Silicon Valley and Silvergate banks if it hopes to develop productive banking relationships. Ether and other cryptos also rise
Bitcoin Price Prediction as US Inflation Data is Released – Where is BTC Heading Now?
14.3.2023
As US inflation data is released, Bitcoin investors and traders eagerly await its impact on the cryptocurrency's price. Since last Friday, Bitcoin has been on a remarkable run, rebounding nearly 30% from its recent lows and setting a new 2023 record above $26,000. The cryptocurrency surge comes...
US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision
14.3.2023
The U.S. Labor Department released the consumer price index (CPI) report on Tuesday. Although inflation increased in February year-over-year, the rise was expected, and the annual inflation rate for all items was 6%. The cooling inflation has eased some concerns, but fears of financial contagion...
Bitcoin Price Dips On Hot US Inflation Data, But BTC Bulls Can Take Solace in These Bullish Options Market Signals
24.2.2023
Bitcoin was last trading lower by over 3.0% on Friday in the low $23,000s, with BTC/USD falling back under its 21DMA for the first time in nearly two weeks in wake of a hotter-than-expected US Core PCE inflation report that raises the risk the US Federal Reserve lifts interest rates to higher...
Explaining the Disconnect Between Bitcoin and Treasury Yields Post US Inflation Data
15.2.2023
Bitcoin and technology stocks rose Tuesday even as hotter-than-expected U.S. inflation revived Fed angst and lifted Treasury yields
Bitcoin, Ether Drop as Investors Fret Over Inflation Data, Stablecoin Regulation
13.2.2023
The largest cryptocurrency by market value continued to linger below $22,000. Ether fell below $1,500
Ether, Bitcoin Post Gains as Crypto Market Cheers Sam Bankman-Fried's Arrest, Inflation Data
14.12.2022
With the former FTX CEO's arrest, the crypto market has now shifted its focus to improving macroeconomic conditions, analysts said
Biggest Movers: AVAX Hits 1-Week High, as LTC Also Climbs Following US Inflation Data
13.12.2022
Avalanche rose to a one-week high on Tuesday, as markets reacted to the latest inflation report in the United States. Consumer prices rose to 7.1% in November, which was lower than the 7.3% markets had expected. The figure was also 0.6% lower than October’s reading of 7.7%. Litecoin also...
Bitcoin, Ether Jump After US CPI Report Shows Slower-Than-Expected November Inflation
13.12.2022
Crypto traders were monitoring the U.S. government's monthly inflation report for signs of whether the Federal Reserve's monetary-policy tightening this year is helping to slow the pace of consumer price increases
Bitcoin Hits One-Month High Ahead of US Inflation Data
13.12.2022
Bitcoin's dominance rate rose above 41% alongside the price rally, signaling de-risking in the crypto market
Bitcoin, Ethereum Technical Analysis: BTC, ETH Move Lower Ahead of US Inflation Data
12.12.2022
Bitcoin was trading under $17,000 to start the week, as markets prepared for a big week of economic announcements. U.S. inflation figures will be released tomorrow, and are expected to fall to 7.3%. Many believe this will give way to the Federal Reserve pivoting from its aggressive rate hike...
Market Wrap: Cryptos Recover Slightly From FTX Fatigue With a Dose of Encouraging Inflation Data
10.11.2022
Bitcoin, ether and other major altcoins regained lost ground amid fallout from the crypto exchange’s unraveling after an unexpected decline in the consumer price index. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today's crypto markets
Bitcoin Price Prediction – BTC Crashes Below $16,500, Can US Inflation Data Push it to $10,000
10.11.2022
Under the $19,350 resistance level, Bitcoin price prediction remains bearish; however, $15,850 is acting as a major support and may underpin BTC. After the release of October's CPI figures, Bitcoin experienced a sudden 10% jump. The unexpectedly low CPI reading sent the price of risky assets like...
Fed’s Key Inflation Gauge Jumps 0.5% in September, America’s Rising Costs to ‘Punish’ Democrats
30.10.2022
The U.S. central bank’s key inflation gauge, the personal consumption expenditures (PCE) price index, increased by 0.5% in September, according to data released by the U.S. Commerce Department on Oct. 28. Meanwhile, markets expect with near-certainty that the Federal Reserve will codify its fourth...
Latest CPI Data Shows Red-Hot Inflation Continues to Thrive in the US, Consumer Prices Jumped 8.2% in September
13.10.2022
The latest inflation data from the United States indicates that consumer prices have kept climbing despite expectations of a slowdown. The Consumer Price Index (CPI) summary published on Thursday shows an 8.2% rise in the year through September, and the core index rating saw the fastest yearly...