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Bitcoin (BTC) rebounded from overnight lows on July 13 as markets nervously waited for United States inflation data.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCountdown to “highly elevated” inflation revealData from Cointelegraph Markets Pro and TradingView showed BTC/USD climbing from $19,250 to $19,900 at the time of writing, up 3.3% on
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Bitcoin (BTC) carried through threats of new local lows July 12 as the White House warned of “highly elevated” inflation.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewWhite House warns ahead of "decisive day"Data from Cointelegraph Markets Pro and TradingView showed BTC/USD approaching $19,500 prior to the Wall Street open, down over
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As traders buckle down for the weekend, Bitcoin prices ushered in Friday’s session rather sluggishly. During European trading hours, Bitcoin stayed slightly around $30,000, displaying signs of weakening ahead of the U.S. consumer price index (CPI) release. The price of Bitcoin decreased on Friday after U.S. CPI data revealed that inflation was not
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The crypto market is retesting critical support areas as the U.S. Consumer Price Index (CPI) print surpasses expectations. The metric is used to measure inflation in the U.S. dollar, and it recorded an 8.6% increase year-over-year (YoY), the highest since 1981. Related Reading | TA: Bitcoin Bears Keep Pushing, Why BTC Could
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Inflation concerns have contributed to bitcoin’s fall in the past several weeks. In May, the U.S. Federal Reserve (Fed) hiked rates by the largest amount since 2000 as it seeks to tighten monetary policy following $2 trillion in stimulus in the past few years. This caused a drop in global
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Bitcoin (BTC) dropped by $1,500 in minutes on May 11 as the latest United States inflation data delivered mixed sentiment on the economic outlook.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin puts in fresh 10-month lowsData from Cointelegraph Markets Pro and TradingView tracked BTC/USD diving from $31,500 to abruptly pierce the $30,000
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The latest moves in crypto markets in context for April 12, 2022. Original Source
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The latest moves in crypto markets in context for April 8, 2022. Source
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Bitcoin (BTC) turned back time to February on March 10 as the latest U.S. inflation data sparked a bout of volatility.BTC/USD 1-minute candle chart (Bitstamp). Source: TradingViewWheat gives Bitcoin a run for its moneyData from Cointelegraph Markets Pro and TradingView showed BTC/USD reacting strongly to February’s Consumer Price Index (CPI)
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Any unexpected move by the ECB could trigger a fall in the market, one trader said. Source
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