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Economics
Bitcoin Gains 10% After Report Showed US Consumer Prices Rose Slower Than Expected in October
Taking a break from the panicky action this week, bitcoin rose following the sizable slowdown in inflation.
Inflation Expected to Tick Down in Latest CPI Report
Analysts reporting to FactSet estimate the CPI will drop to 8%, but whether the decline is enough to encourage the Federal Reserve to ratchet back its monetary hawkishness remains unclear.
Here’s What Crypto Traders Expect From the Midterms
Republicans are increasingly confident they will take control of the U.S. Congress and it could be bullish for crypto, according to some analysts and traders.
Recent Moving Average Crossover May Signal Higher Bitcoin Prices This Month
A crossover of the 10- and 50-day moving averages has historically been a positive signal. BTC’s lack of volatility, however, may interfere.
US Added 261K Jobs in October, Topping Expectations for 200K
Bitcoin's price is likely to face continuing headwinds as the strong report should keep the Federal Reserve on a tightening path.
Federal Reserve Hikes Rates as Expected, Will Watch 'Lags' in Monetary Policy; Bitcoin Rises
The U.S. central bank raised the main interest rate by 0.75 percentage point, as expected. Officials say they'll monitor "lags" in the impact of "cumulative" efforts so far, possibly a tip that a dovish shift is being considered.
Dollar Reversal Could Bring Inflationary Pressure, Former US Treasury Secretary Larry Summers Warns
Speculation is mounting over when the Federal Reserve might pivot dovish. But economists, including Summers, warn any such move might lead to weakness in the U.S. dollar versus other global currencies, in turn driving up prices for imports.
In Topsy-Turvy Market Logic, Positive US GDP Could Be Negative for Crypto
Analysts estimate the U.S. economy grew by 2% in the third quarter of the year, upending a streak of two straight quarters of contraction.
Bitcoin Is Macro, but Not ‘Correlated’ in the Way You Think
We tend to use the two terms (macro and correlation) without understanding what they mean.
IMF’s Georgieva Warns Central Banks to Hoard Reserves, Follow Fed Hikes
The official's comments might be relevant to bitcoin traders because the largest cryptocurrency has proven to correlate with the dollar's strength in foreign-exchange markets.
