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Economy
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.
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.
Goldman Sachs Raises Odds of Fed Taper in November
"Historically, Fed taper has been a headwind for bitcoin," one fund manager said.
July Jobs Report: US Added 943,000, Beating Expectations
The U.S. unemployment rate fell to 5.4%, a post-pandemic low, from 5.9% in June, according to the U.S. Labor Department's Bureau of Labor Statistics.
US June Consumer Price Index Rose Faster Than Expected
Financial markets from stocks to bonds to cryptocurrencies have been fixated on inflation readings as the economy reheats.
Market Wrap: Bitcoin Drops as Traders Await June CPI Inflation Report
Analysts described the muted activity in spot, derivative and on-chain metrics as "calm before the storm."
Reflation-Trade Rethink Keeps Bitcoin Under Pressure
Reflation bets are those that benefit from a pickup in economic growth and inflation.
Bitcoin Set for Record Second-Quarter Price Drop
Bitcoin's second-quarter decline looks like a technical pullback, one observer said.
Bitcoin Remains Relatively Resilient Post-Fed as Fiat Currencies Drop Against Dollar
Bitcoin remains relatively resilient, having priced in the Fed's hawkish tilt in advance.
Bitcoin Enters Wait-and-See Phase Ahead of Fed Statement
Wednesday's Fed policy statement is likely to see a binary market reaction.
