Economy


Markets

Recession Signals Light Up as Section of US 'Yield Curve' Inverts

The recession hint could have bearish implications for risk assets, including bitcoin.

A section of the yield curve has inverted for the first time since 2006. (Source: Pixabay, PhotoMosh)

Markets

US Inflation Rises to 7.9% in February, Fresh 4-Decade High

Bitcoin, seen by some investors as a hedge against rising prices or dollar devaluation, was little changed after the Consumer Price Index (CPI) report, which closely matched economists' expectations.

Inflation worries are front and center from cryptocurrencies to traditional markets. (Art Institute of Chicago, modified by CoinDesk)

Markets

Inflation, Tracked by Bitcoiners, Keeps Accelerating, and It Hasn't Even Peaked

The consumer price index, due out tomorrow morning, is expected to show inflation in February ticked up to 8% versus a year ago, a fresh four-decade high.

Inflation will be in focus this week. (Jeffrey Coolidge/Getty Images)

Markets

US Jobs Up 678K in February, More Than Expected, Adding to Price Pressures

Bitcoin traders were monitoring the report since the Federal Reserve's efforts to slow inflation appear to be putting downward pressure on the cryptocurrency's prices.

U.S. unemployment rate. (Labor Department)

Markets

Federal Reserve Chairman Powell Sees Rate Hike This Month as 'Appropriate'

Most observers believe a quarter of a percentage point increase is likely.

Fed Chair Jerome Powell (Samuel Corum/Bloomberg via Getty Images)

Markets

Bitcoin Latest Price Drop Suggests It’s Not ‘Digital Gold’ for Everyone

As geopolitical tensions rise, the cryptocurrency's price has fallen.

Bitcoin's price vs. gold, year-to-date returns. (CoinDesk Research, St. Louis Fed, Yahoo Finance)

Markets

US Inflation Hits New 4-Decade High of 7.5% in January

Bitcoin traders keep track of the inflation rate because some think of the cryptocurrency as an inflation hedge, and the Federal Reserve's expected response to economic conditions often dictates market direction.

Inflation will be in focus this week. (Jeffrey Coolidge/Getty Images)

Markets

US Jobs Report Shows Gain of 467,000 in January, Exceeding Expectations

Bitcoin traded slightly lower after the report, as the number keeps pressure on Fed to tighten.

Large group of business people (gremlin/Getty)

Markets

Fed's Hawkish Pivot May Not Last, Bitcoin Analysts Say

The Fed might not act as decisively in tightening monetary policy if financial stability concerns start to outweigh the risk of fast inflation.

The Ethereum Eagle project (EGL) is an effort to provide a signaling mechanism for some of the network's key stakeholders.