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Inflation
Bitcoin Reaction as Inflation Eases; Could Elon Musk Rival ChatGPT Next?
“CoinDesk Daily” host Jennifer Sanasie discusses the hottest stories in crypto, including bitcoin's reaction after the Consumer Price Index (CPI) slipped to 3.0% on a year-over-year basis in June from 4.0% in May. Plus, on-chain data reveals how much Silk Road-linked bitcoin the U.S. government recently moved. And, Elon Musk announces his new AI company, xAI, that states its mission is to "understand the true nature of the universe."
Bitcoin Holds Just Below $31K After U.S. Inflation Improves More Than Forecast
Economists had forecast sizable year-over-year declines in both headline and core inflation for this report.
Crypto Traders Prepare for Bitcoin Volatility as Focus Shifts to U.S. CPI
Crypto traders anticipate a big move in bitcoin as Bollinger bands have tightened to the lowest level since early January.
Crypto Catalyst Watch: June CPI, PPI Readings Hold the Spotlight
The CPI sank to 4% in May and has been trending downward, although the Federal Reserve seems likely to follow through on an intended rate hike later this month.
Bitcoin Steady Above $30K as China Factory Deflation Suggests End of Global Tightening Cycle Is Near
China is exporting deflation across the Western world. Ultimately this will be good for risk assets as it relates to the end of the global interest-rate increase cycle, one observer said.
U.S. Added 209K Jobs in June, Missing Expectations for 230K
The unemployment rate fell to 3.6% versus 3.7% in May and against expectations for 3.7%.
Thank BlackRock’s Clients for Larry Fink’s Change of Heart
Blackrock's CEO once called Bitcoin an “index of money laundering.” Now he’s changed his tune.
Bitcoin Unlikely to Be Destabilized by Real Yields, Crypto Observers Say
The rise in real yields is more of a headache to blue chip stocks than to markets like technology or crypto and will not disrupt the medium-term growth story, one observer said.
Bitcoin Steady Near $31K After Options Expiry; Dollar Index Rises Before Key U.S. Inflation Data
With the expiry done, the supposed price magnet at $26,500 from the max pain point is gone and prices could resume the upward journey, a common pattern during the bull market days of 2021.
Bitcoin Hovers Over $30.3K Despite Renewed Inflation Worries
In comments Thursday at a Madrid event on financial stability, Fed Chair Jerome Powell said that “it will take time for the full effects of monetary restraint to be realized.”
