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Economy
US CPI Preview: Inflation Likely to Climb to New 40-Year High
A hotter-than-expected core CPI figure could bring renewed selling pressure to the bitcoin market.
Bitcoin Drops to $19.7K as Recession Concerns Weigh on Financial Markets, Euro Nears Dollar Parity
Singapore’s state-owned investor Temasek said it sees more broader-market declines in the coming months.
Federal Reserve Board: Recent Market Turmoil Shows ‘Structural Fragilities’ of Crypto
The report is a preview of Fed Chair Jerome Powell's testimony in Congress next week.
Elon Musk Has ‘Super Bad Feeling’ About Economy: Report
According to Reuters, Tesla CEO Elon Musk is looking to cut 10% of the electric automaker’s workforce and is sounding the alarm about the state of the U.S. economy. “The Hash” panel discusses his comments as more crypto firms are slashing jobs.
Goldman Sees Little US Economic Impact From Lower Cryptocurrency Prices
The stock market decline has had a much larger effect on U.S. household net worth, the bank said.
Bitcoin, Major Cryptos Slide as Markets Digest Hawkish Powell Remarks
A day after the Fed chair pledged to keep tightening monetary conditions until inflation comes down, analysts and traders from crypto to stocks and futures were assessing the economic impact – from higher mortgage rates to lower company earnings.
Inflation Rose to 8.3% in April, With Monthly Core CPI Doubling From March
Bitcoin dropped sharply after the release.
Past-Peak Inflation Might Be Misleading as Price Pressures Continue to Mount
As inflation peaks, bitcoin traders should be wary of reading too much into data.
