Analysts Warn of Headwinds as Cryptos Gain Ahead of CPI Data; Luna Classic Pares Rally
Total cryptocurrency market capitalization regained the $1 trillion mark a brief fall under that level last week. Source
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First Mover Asia: Bitcoin Soars Past $24K on Favorable CPI; Governments Focus Too Much on Crypto’s Economic Importance, Australia Academics Argue
Professors from The University of Sydney say that as governments consider different initiatives, they are overlooking crypto’s social and cultural significance; bitcoin and other cryptos rise. Original Source
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Bitcoin Surge Towards $24k As CPI Report Show Inflation Cooling
Bitcoin surged after July’s CPI data showed that inflation has started to decline after several months of record-breaking rates. Similar to earlier instances, the price of bitcoin climbed close to $24,000. CPI Report Boost Bitcoin Price According to the Consumer Price Index report (CPI) that the U.S. Bureau of Labor and Statistics released
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Could Today’s CPI Data be Bullish? – Blockchain News, Opinion, TV and Jobs
By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock After Bitcoin slumped just under 5% on Tuesday, it hovers above $23,000 at time of writing, after Coinbase’s
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TA- Bitcoin Bounced off Key Support After CPI Announcement
The price of Bitcoin (BTC) bounced off its key support against Dollars (USD) after the Consumer Price Index (CPI) announcement in the United States. The metric is used to measure inflation in U.S. dollar and hints at a potential slowdown. Bitcoin price saw a pullback from $24,200 to $22,800 despite showing
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First Mover Americas: Bitcoin Jumps After Core CPI for July Comes In Lower Than Expected
The latest price moves in bitcoin (BTC) and crypto markets in context for August 10, 2022. Source
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US Inflation Slowed to 8.5% in July, CPI Report Shows; Bitcoin Jumps
"The Fed will be cheered by the news, especially the fact that core inflation was also lower than expected," said Richard Carter, head of fixed-interest research at Quilter Cheviot, a U.K.-based investment management firm. "They will still need to hike rates at their next meeting in September, but this reduces
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Bitcoin braces for US inflation data as CPI nerves halt BTC price gains
Bitcoin (BTC) hit multi-day lows into Aug. 10 as crypto traders braced for impact with fresh United States inflation data. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrader: Market "could get ugly" if CPI keeps risingData from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $22,668 on Bitstamp at the most
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Bitcoin Drops After CPI Data Comes In Hotter Than Expected
Taking the lead among altcoins was AAVE, the token of decentralized finance (DeFi) protocol, Aave , which climbed 7% in the last 24 hours. The increase comes as the troubled crypto lender, Celsius Network, paid off its debt on Aave, freeing up $26 million in tokens as part of its
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Bitcoin tanks on highest CPI data since 1981 as BTC price dips under $19K
Bitcoin (BTC) fell $800 in minutes on July 13 as the latest United States Consumer Price Index (CPI) data came in far ahead of estimates.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDollar smashes new 20-year highs on hot CPIData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it dived under $19,000
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