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Markets

Markets

Market Wrap: Prices Plunge Following Hot Inflation Report, Then Reverse Course Completely

The Consumer Price Index inflation data arrived higher than expected, and markets responded in roller-coaster fashion before settling down.

By Glenn Williams Jr., Jocelyn YangOct 13, 2022

BTC reverses course after an early decline. (Michele Tantussi/Getty Images)

Markets

Bitcoin Rebounds to Over $19K After Plunge Triggered by Hot Inflation Report

BTC was up 0.2% after the price tumbled to $18,198 – the lowest since Sept. 21.

By Jocelyn YangOct 13, 2022

Bitcoin's price chart shows the cryptocurrency's rebound midday on Thursday. (CoinDesk)

Markets

TrueFi's $4M Bad Debt in Limbo Shows Risk of Crypto Lending Without Collateral

Decentralized lending protocol TrueFi’s experience with loan default reveals its recourse for recovering bad debts: old-school solutions that can be time-sapping and costly, such as taking borrowers to court.

By Krisztian SandorOct 13, 2022

(Unsplash, modified by CoinDesk)

Markets

Crypto Stocks Plunge as Bitcoin Slides to $18.1K on Inflation Data

Coinbase has tumbled 11%, while MicroStrategy, Riot Blockchain, Marathon Digital are all down in the area of 7%.

By Oliver KnightOct 13, 2022

Las acciones de las criptomonedas se tambalean tras conocerse los datos del CPI. (M/Unsplash)

Markets

Bitcoin Sinks After US CPI Report Shows Inflation Hotter Than Expected

The "core" Consumer Price Index, seen as a more steady indicator of inflation, rose 6.6% from a year prior – a four-decade high.

By Helene BraunOct 13, 2022

Small Shrinking Currency Dollar in Inflation (iStock)

Markets

First Mover Americas: Bitcoin Falls to $18.1K After CPI Data

The latest price moves in crypto markets in context for Oct. 13, 2022.

By Lyllah Ledesma, Omkar GodboleOct 13, 2022

Shopping online concept (Shutterstock)

Markets

Ether Exits Triangular Price Consolidation With 4% Drop

Softer-than-expected U.S. inflation data is needed to save the day for ether bulls.

By Omkar GodboleOct 13, 2022

Ether faces selling pressure ahead of the U.S. CPI report. (Source: TradingView, CoinDesk)

Markets

Huobi Token Surges 75% as Tron Founder Justin Sun Calls for Empowering the Exchange Token

The Huobi token rose to a four-month high of $7.60 early Thursday.

By Omkar GodboleOct 13, 2022

Huobi token rallies to highest since June 6. (TradingView, CoinDesk)

Markets

IMF’s Georgieva Warns Central Banks to Hoard Reserves, Follow Fed Hikes

The official's comments might be relevant to bitcoin traders because the largest cryptocurrency has proven to correlate with the dollar's strength in foreign-exchange markets.

By Helene Braun, Bradley KeounOct 12, 2022

IMF Managing Director Kristalina Georgieva at the IMF's annual meeting in Washington, D.C. (Helene Braun/CoinDesk)

Markets

Market Wrap: Bitcoin Trades Higher Amid Muted Expectations for Next Inflation Reading

Thursday’s Consumer Price Index is widely expected to show inflation still above 8%.

By Glenn Williams Jr., Jocelyn YangOct 12, 2022

(Midjourney/CoinDesk)
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