Economy


Policy

Biden and the Fed: Why Powell or Brainard Won’t Change Much for Crypto

Both candidates are seen as taking a tough stance on crypto regulation, but they’re also both seen as dovish – possibly beneficial for bitcoin’s inflation narrative.

Federal Reserve Chair Lael Brainard (C-Span, modified by CoinDesk)

Policy

Off the Charts: Supply Chain Angst

Is inflation in the U.S. the product of monetary policy or supply chain problems?

(Andy Li/Unsplash)

Markets

Bitcoin Jumps to New All-Time High as Inflation Spikes to 6.2% in October

Bond traders are increasing their bets on faster inflation after the U.S. consumer price index jumped 6.2% in the 12 months through October, the highest rate in three decades. Still “transitory?”

Bitcoin's hourly price chart showing a rally to new record high after CPI release. (TradingView/CoinDesk)

Markets

US Inflation’s 3-Decade-High Surge Provides Tailwind for Bitcoin

The Labor Department’s Consumer Price Index is closely tracked by bitcoin traders because the cryptocurrency is seen by some investors as a hedge against inflation.

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

Markets

Market Wrap: Bitcoin Rises as Central Banks Maintain Low Rates

The cryptocurrency is rising along with stocks, although some analysts expect the rally could fade next year.

For now, era of low rates benefit risk assets (Shutterstock)

Markets

US September Jobs Report Misses, Amid Fed Tapering Speculation

August’s jobs number was revised up by 131,000. Bitcoin prices hold steady after the report.

(Shutterstock)

Markets

Bitcoin Bounces Off 6-Week Low, Tracking Recovery in Stocks

“The long-term uptrend still has a hold on bitcoin,” one analyst said.

Bitcoin's daily chart (TradingView)

Markets

Key US Inflation Gauge Slips to Slowest Pace in 6 Months, Bitcoin Rises

Core CPI, which excludes energy and food prices, rose 0.1% last month, the slowest pace since February.

Credit: Emilio Takas/Unsplash.

Markets

Bitcoin Rises Above $48K as Dollar Drops After Powell’s Dovish Comments

No news is good news for the bitcoin market as the Fed chairman avoids specifying a “tapering” time frame at virtual Jackson Hole symposium.

Bitcoin price chart over past week shows  jump on Friday after Fed Chair Jerome Powell's speech at Jackson Hole.

Markets

Goldman Sachs Raises Odds of Fed Taper in November

"Historically, Fed taper has been a headwind for bitcoin," one fund manager said.

The U.S. Federal Reserve building in Washington.