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Economy
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, 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.
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.
Federal Reserve Chairman Powell Sees Rate Hike This Month as 'Appropriate'
Most observers believe a quarter of a percentage point increase is likely.
Bitcoin Latest Price Drop Suggests It’s Not ‘Digital Gold’ for Everyone
As geopolitical tensions rise, the cryptocurrency's price has fallen.
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.
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.
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.
Crypto Market Snoozes Through ADP Payroll Shocker
The Omicron variant is behind a sharp decline in U.S. jobs in January, but markets are shrugging off the weak number.
Fed Preview: How Rate Hikes Could Stimulate Demand for Stablecoins
Higher interest rates will likely increase demand for the dollar. This could translate into higher demand for dollar-pegged crypto this year.
