The trailing 12-month percentage change for all items in the Consumer Price Index (CPI) fell to 2.6% in October, according to the latest US Bureau of Labor Statistics data out Wednesday. That may signal the beginning of a bull market in dollar-denominated assets across the board as the economy roars into 2025. The CPI measures the […]
USD Inflation Grows for First Time in 8 Months as BTC Marks New ATHs Read More »
It could be a buy the rumor, sell the news situation with Bitcoin price and the Labor Department’s CPI report Wednesday morning. Spot Bitcoin on crypto exchanges did rise sharply Tuesday and rallied into Wednesday morning but the landscape changed later that day and BTC fell to $58,000. Economists were expecting a lower inflation readout
New Inflation Read Signals Fed Rate Cut in Tailwind for Bitcoin’s Price Read More »
CNBC’s Andrew Sorkin doesn’t believe nearly as manner people use Bitcoin as an inflation hedge as its boosters claims. The post Bitcoin “Inflation Hedge” Argument Is a Fairy Tale Used By Speculators: Andrew Sorkin appeared first on Cryptonews…
Bitcoin “Inflation Hedge” Argument Is a Fairy Tale Used By Speculators: Andrew Sorkin Read More »
