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This latest news on inflation comes one day ahead of the results of the U.S. Federal Reserve's monetary policy meeting. Prior to this morning's numbers, market participants had priced in about a 76% chance the Fed will end up pausing what's become an historic string of rate hikes dating back
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Bitcoin (BTC) returned above $26,000 on June 13 as analysts eyed resistance overhead. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingViewBitcoin price inches between trend linesData from Cointelegraph Markets Pro and TradingView showed BTC/USD attempting to reclaim $26,000 support after the daily close.The pair had seen a curiously uneventful start to
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The largest cryptocurrency held its perch where it spent much of the previous three days. Original Source
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Bitcoin (BTC) starts a “massive” week in a precarious position as key support stays out of reach for bulls.After fresh losses across crypto markets over the weekend, BTC/USD closed the week below $26,000 for the first time in three months.Both Bitcoin and altcoins continue to struggle thanks to legal battles
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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%. This means gains in core prices, excluding food, energy, and tobacco, accelerated by 6.8% last month from 6.2% in March. Source
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Bitcoin (BTC) ticked higher around the May 10 Wall Street open as United States inflation data beat expectations.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewMarkets eye June Fed rate hike pauseData from Cryptox Markets Pro and TradingView showed BTC/USD responding instantly to the April Consumer Price Index (CPI) print, up 1.7%
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At its last meeting earlier in May, the U.S. Federal Reserve's Federal Open Market Committee (FOMC) indicated it's considering at least a pause in its historic run of rate increases that's seen the central bank take the benchmark fed funds rate from about 0% in early 2022 to the current
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Therefore, an above-forecast inflation reading might strengthen the case for continued rate hikes, bringing pain to risk assets, including cryptocurrencies. On the flip side, bitcoin may see volatility on the higher side if the data misses expectations. Original Source
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Bitcoin (BTC) tracked $27,500 on May 10 as markets geared up for what should be a positive United States inflation print.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewCPI set for months of declineData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered in a narrow trading range ahead of
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Equities slid. Investors will be watching Wednesday's release of the April Consumer Price Index for clues about the Federal Reserve's next monetary policy decision. Source
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