Inflation
Bitcoin Dips Below $32K as Bets for Fed Rate Hike Rise
Bitcoin's price dipped below $32K Wednesday amid increased bets the U.S. Federal Reserve will potentially raise interest rates earlier than expected. "The Hash" hosts discuss the future of bitcoin if it no longer behaves like the inflation hedge it is said to be. Plus, reactions to Fed Chair Jerome Powell's testimony on inflation and the state of the wider economy.
Bitcoin Dips Below $32K as Fed Rate-Hike Bets Rise, Gold Remains Resilient
"It's hard to read too much into the price action currently while we're still stuck in this range," one observer said.
Market Wrap: Bitcoin Weakens as US Inflation Hits 13-Year High
Buyers are snapping at bitcoin whenever it dips to $30,000, but the cryptocurrency’s price response to faster inflation readings is puzzling Wall Street analysts.
US June Consumer Price Index Rose Faster Than Expected, Bitcoin Cut in Half
The U.S. Consumer Price Index rose faster than expected in June, jumping by 5.4% in the last 12 months and exceeding economists’ expectations by about half a percent. Meanwhile, bitcoin’s price has nearly been cut in half since its April peak. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.
Why June’s Consumer Price Index Could Be Good News for Bitcoin
A key U.S. inflation report released Tuesday indicates consumer prices increased 5.4% in June from a year earlier at its biggest monthly gain since August 2008. “The Hash” hosts discuss bitcoin as a potential hedge against inflation.
Inflation Is Rampant. Is It Time to Buy Bitcoin?
Bitcoin has shown an increasing tendency to track interest rate hikes, but professional investors still think record-high inflation is fleeting.
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."
Is Bitcoin One of 2021’s Worst-Performing Asset Classes?
A Bloomberg report reveals bitcoin could be one of this year’s worst-performing assets judged by its returns for volatility. “The Hash” panel discusses whether this is a fair take on bitcoin, sharing insights on BTC’s inflation hedge play.
