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Inflation
Bitcoin’s Doldrums Below $26.5K Endure as Investors Weigh Debt Ceiling Stalemate, Latest FOMC Minutes
The largest cryptocurrency by market capitalization sank below $26.2K early Wednesday after disappointing U.K. inflation data.
Bitcoin Below $27K as UK Core CPI Hits Highest Since 1992
Bitcoin slid under the $27,000 level as traders react to U.K. inflation figures. The hotter-than-expected U.K. core Consumer Prices Index (CPI) rate came in at 6.8% – the highest since 1992 – against an expected figure was 6.2%. Glen Goodman, author of "The Crypto Trader", joins "First Mover" with his crypto markets analysis.
Fed Chair Powell Hints At Pause in Interest Rate Hike
Federal Reserve Chair Jerome Powell spoke at the Thomas Laubach Research Conference on Friday, noting that although the stubbornness of high inflation continues to reverberate through the economy, policy rates "may not need to rise as much."
How Crypto Markets Are Responding to Odds of an Interest Rate Hike
"If inflation continues to remain sticky, [Federal Reserve Chair Jerome Powell] is going to push us into a deeper recession than anyone wants to admit," Tactive Wealth Advisor Eddy Gifford said. Gifford also discusses the crypto market's reaction to recent U.S. monetary policy.
Bitcoin Has a 'Real Problem' in U.S.: Paul Tudor Jones
The billionaire hedge fund manager also said lower inflation is also going to be a headwind for the crypto.
U.S. CPI Inflation Falls to 4.9% in April; Bitcoin Rises Above $28K
The Federal Reserve last week suggested it could pause its long series of rate hikes even as inflation remains well above its 2% target.
Bitcoin Tends to Become More Volatile Around Monthly U.S. Inflation Releases: Kaiko
Monthly U.S. inflation readings influence the Fed policy, which impacts both crypto and traditional markets.
Are Cryptocurrencies an Inflation Hedge? Theoretically Yes, Factually No Says S&P
Some argue that crypto assets could be in demand in a high-interest rates/high inflation environment because they could serve as a store of value, however crypto's track record is too short to prove this, S&P said.
Canto Blockchain Set for Vote on Reduction in Liquidity Incentives, Block Rewards
If passed, the mining incentives for each liquidity pool on Canto will be reduced on average by roughly 38%, and data-block rewards known as "security emissions" would decrease by 15%.
PancakeSwap Leaders Propose Cutting CAKE Token Inflation Target to 3%-5%
“We believe it is time to take this model to the next level and supercharge CAKE towards a deflationary model based on real yield and CAKE burn,” a blog post said.
