US Inflation Data Eases Concerns; Crypto Economy Jumps 11% Higher While Market Analysts Anticipate Fed’s Next Decision
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 have spread. Market strategists are further anticipating the U.S. central […]
Bitcoin price sees new 2023 high as CPI sends BTC price above $26K
Bitcoin sees a major new lift-off thanks to CPI numbers conforming to expectations — reducing the chances of the Fed tightening financial conditions.This post was originally published on this site
Bitcoin price nears $25K as analysts place bets on CPI impact
Bitcoin lines up a fresh charge at multi-month resistance, but BTC price action is already facing calls for a comedown triggered by CPI.This post was originally published on this site
Bitcoin traders eye $19K BTC price bottom, warn of ‘hot’ February CPI
It could be a testing few weeks for Bitcoin and risk assets, market commentators say, with Fed Chair Jerome Powell due to kick off the triggers on March 8.This post was originally published on this site
Study: 55% of Americans Believe They Will Lose It All if a Recession Hits the United States
According to a recent study by Clever, a real estate data company, nearly three out of four Americans worry there will be a recession this year, and 69% of the research participants say the U.S. is already in a recession. What’s worse, 55% of the study’s respondents said they would lose everything if a recession […]
Bitcoin price clings to $22K as investors digest the recent SEC actions and CPI report
Bitcoin price recaptured the $22,000 level, but pending regulatory action against stablecoins and today’s CPI report are front of mind for many investors.This post was originally published on this site
US Inflation Remains Higher Than Expected, Raising Concerns Among Investors
U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate. Inflation in the US Remains High, Causing Uncertainty in Markets Inflation in the United States exceeded expectations among analysts […]
Bitcoin price returns to $22K despite ‘least volatile’ US CPI reaction
Five-day highs for BTC price come within a narrow trading range as U.S. inflation broadly conforms to expectations.This post was originally published on this site
Gold Prices Expected to Soar in 2023: Experts Predict Record Highs for Precious Metal
Gold is on the rise in 2023 and in the first week of the new year alone, the precious metal has jumped 2.36% against the U.S. dollar. Over the past 65 days, gold has soared 14.55% while silver has skyrocketed 22.31% against the greenback since Nov. 3, 2022. According to the head of metals strategy […]
Bitcoin traders await FOMC, Powell as BTC price hits new 1-month high
Bitcoin keeps up the gains with U.S. stocks with hours to go until a decision on rate hikes and comments from Fed Chair Powell.This post was originally published on this site