Inflation


Markets

Bitcoin Under Pressure, Two-Year Treasury Yield Rises to 21-Month High as US Inflation Report Looms

The previous CPI report released last month saw volatile bitcoin trade in the $63,000-$69,000 range.

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Markets

US Inflation Jumps to 39-Year High of 6.8% in November; Bitcoin Falls

Prices for bitcoin, seen by a growing number of investors as a hedge against inflation, jumped 2% after the CPI report from the U.S. Department of Labor’s Bureau of Labor Statistics.

Consumer Price Index Report (CPI report) data shows fast rise in inflation. (Bureau of Labor Statistics)

Videos

Bitcoin Rises as US Inflation Jumps to New High of 6.8% in November After 39 Years

The U.S. Labor Department’s Consumer Price Index (CPI), closely tracked by bitcoin traders, rose 6.8% in the 12 months through November, the highest since May 1982. Bitcoin jumped 2% in the minutes after the news. "The Hash" panel explains the impact of inflation on the global economy and what it means for the crypto market.

Recent Videos

Markets

Bitcoin Turns Lower as Fed Chair Suggests Inflation No Longer ‘Transitory’

Federal Reserve Chair Jerome Powell’s turnabout suggests the U.S. central bank might move more quickly to tighten monetary policy – potentially a negative for speculative assets including bitcoin.

Federal Reserve Chair Jerome Powell testifies Tuesday before the U.S. Senate Banking Committee. (C-Span)

Policy

Yellen Says Stablecoins Require Proper Regulations

The Treasury Secretary also said she agreed with current Financial Crimes Enforcement Network (FinCEN) guidance that crypto firms and providers that don’t custody customer funds should not be regulated.

Capitol building (Shutterstock)

Policy

America, Let’s Try Optimism This Thanksgiving

Inflation is certainly a cause for anxiety, but it could be seen as a price worth paying for keeping the economy going during unprecedented calamity.

(Tim Mossholder/Unsplash)

Markets

Goldman Says Fed May Accelerate Tapering in January: Report

The new projection means the asset purchase program would end in March.

Federal Reserve building (Paul Brady Photography/Shutterstock)

Markets

Bitcoin Slips to $55K as Renewed COVID Concerns Jolt Traditional Markets

The cryptocurrency appeared set for a breakout above $60,000 after Thursday’s rise, but COVID fears played spoilsport.

Bitcoin drops below $58,000 on Nov. 26 amid growing covid fears (CoinDesk, highcharts.com)