Inflation

The Consumer Price Index for April spells good news for risk-on assets, with US stocks and cryptocurrencies displaying bullish strength in the aftermath.  The YoY headline CPI data came out at 3.4%, right in line with the market expectations. The MoM headline figure even beat the 0.4% consensus, coming out 0.1% lower.  BREAKING! US headline #inflation totaled 3.4% in April, MATCHING expectations. MoM 0.1% lower, however.Core #CPI, excluding food and energy, rose by 3.6%, also matching expectations.Back to rate cuts…

In anticipation of the upcoming US inflation report, savvy investors have purchased 70,000 Bitcoin (BTC), signaling a strategic pivot towards cryptocurrency as a hedge against potential economic volatility.  This massive acquisition follows a significant 1 million BTC sell-off at the close of 2023, underscoring renewed confidence among long-term holders in BTC’s value. Investors Return to Buy 70,000 BTC Ahead of CPI Report  Recent worries about inflation and the decreasing worth of fiat currencies have sparked renewed interest in alternative stores…

The post Hold or Sell? Here’s How US Inflation Could Impact Your Crypto Investments appeared first on Coinpedia Fintech News A critical data release is imminent, and it has the potential to shake up the cryptocurrency market in a big way. This isn’t your average economic report – this information could be the difference between soaring profits and unexpected losses for your crypto holdings. Is it time to celebrate or brace for impact? Read on to find out! 1. US…

As the US economy moves into even more uncertain times, the Federal Reserve’s upcoming reaction to poor inflation data will take place at Wednesday’s FOMC meeting. Interest rates are expected to remain where they are. Where does this leave bitcoin? Fed between a rock and a hard place PCE, PPI, and CPI inflation data are all rising, meaning that the Federal Reserve’s tightrope walk has become even more difficult. If inflation is about to raise its ugly head once more,…

The post Weak Growth, High Inflation: Is a Massive Crypto Crash Coming?  appeared first on Coinpedia Fintech News Recent signals from the United States economy are stirring fears of stagflation, casting a shadow over the cryptocurrency world, particularly Bitcoin. ELJA, a prominent figure in crypto trading, has highlighted some key events, including disappointing GDP figures and a notable rise in core inflation, indicating rough economic waters ahead. Here’s everything you need to stay aware and safe. Economic Insights: A Close…

Amid escalating inflation concerns, BlackRock, a leader in asset management, is shifting focus to Bitcoin as a hedge. This strategy follows reports that an economist from the Bureau of Labor Statistics (BLS) shared privileged inflation data with top Wall Street firms, including BlackRock. BlackRock Received Inflation Data in Advance Bloomberg obtained records showing frequent communications from the BLS economist about US inflation, specifically within the shelter and used cars categories of the consumer price index (CPI). These exchanges reveal that…

In Turkey, soaring inflation reached 68.5% in March, a stark increase that has propelled Bitcoin to near all-time highs against the Turkish Lira. The Turkish Statistical Institute’s recent data highlights a 3.16% monthly inflation rise. Turkish Citizens Resort to Crypto Amidst Soaring Inflation Key sectors such as education, communication, and hospitality have driven the surge in inflation, with respective month-on-month increases of 13%, 5.6%, and 3.9%. The education and hospitality sectors witnessed the highest annual inflation, recording 104% and 95%,…

The post Fed’s Mild Inflation Outlook Fails to Deter Bitcoin & Optimism Rival’s Ascent appeared first on Coinpedia Fintech News In a landscape often swayed by the merest hint of change in the Federal Reserve’s policies, the latest announcement has created ripples that extend far beyond traditional markets. While the Fed’s decision to maintain interest rates at 5.25%-5.5% aligns with expectations, its projections and the subsequent market reactions have illuminated new paths for investors, particularly in the cryptocurrency sphere. As…

Robert F. Kennedy Jr. renews his pro-crypto stance as he labels Bitcoin as the best hedge against inflation.  In a previous interview, he pledged to end the war against Bitcoin when he becomes the president.  2024 US Presidential Candidate Robert F. Kennedy Jr, firmly cements his position on Bitcoin (BTC) with a recent remark on X.  Speaking to his 2.8 million followers, Kennedy stated emphatically that crypto is the best hedge against inflation. In the post that seemed to be…