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Bitcoin and altcoins fail to rally even as U.S. inflation cools down
28.6.2024
For years analysts and traders have said cooling inflation would benefit the crypto market, yet prices are still down. Cointelegraph explains why
BTC price support 'thinning' below $60K while Bitcoin ignores cool PCE
28.6.2024
BTC price performance offers little inspiration through the latest U.S. macro data, but concern is brewing among Bitcoin analysts over $60,000 support
First Mover Americas: Bitcoin Awaits PCE Inflation Report
28.6.2024
The latest price moves in bitcoin (BTC) and crypto markets in context for June 28, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Ethereum’s supply has been inflating for 73 days straight
26.6.2024
The supply of ETH has been gradually increasing since mid-April with the Dencun upgrade decreasing competition for block space on the mainnet
Argentina Records First Week of Zero Inflation in 30 Years; Milei Claims He’s Redefining Economic Theory
25.6.2024
Argentina is reaping its first rewards in the fight against inflation, as a private consulting firm found that the inflation in food and beverages reached 0% during June’s third week. President Javier Milei celebrated this achievement, stating that his administration was rewriting economic...
Former Fed President Discusses Potential for 2 Interest Rate Cuts This Year
24.6.2024
Former Boston Fed President Eric Rosengren has outlined the potential for two interest rate cuts this year. He cited recent Federal Open Market Committee (FOMC) discussions and stabilizing inflation trends. “I am expecting we’ll probably get some more favorable inflation numbers over...
Utah Senator Seeks to Abolish Federal Reserve
14.6.2024
Republican Senator Mike Lee from Utah has introduced legislation to abolish the U.S. central bank and its Board of Governors. Lee contends that the U.S. Federal Reserve has “repeatedly failed” the American public and argues for its dissolution. Federal Reserve Targeted for Abolition by Senator Mike...
China’s Reduced Physical Gold Demand Cools Prices After May Peak
14.6.2024
While gold reached a record high in May at $2,450 per ounce, it has since settled at $2,329 per ounce. According to the World Gold Council, China’s demand for gold fell in May to its lowest level in four years. Gold Prices Down from Record High, China Physical Consumption Slumps, Analyst...
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