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Bitcoin (BTC) looked set to challenge range highs on July 13 as fresh macroeconomic data boosted risk asset bulls.BTC/USD 1-hour chart. Source: TradingViewPPI shows U.S. inflation retreating beyond expectationsData from Cointelegraph Markets Pro and TradingView followed the market as the BTC price focus shifted above $30,500.PPI inflation leads CPI by
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Bitcoin (BTC) rebounded to key resistance into Feb. 8 as crypto markets got a boost from a familiar source.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPowell: "Disinflationary process" is hereData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching the important $23,400 zone on Bitstamp overnight.The pair reacted positively to the
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Until that weakens, he said, “you’re going to continue to see continued wage pressure, which is going to make the Fed stare at [the] labor market and inflation report and say, ‘Well, maybe we need to continue with this hawkish pushback,’” Moya said. Original Source
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The price of Bitcoin (BTC) broke through the $24,000 ceiling and the total crypto market cap jumped nearly 4% following a speech from United States Federal Reserve Chair Jerome Powell in which he suggested the economy’s disinflationary process has started.“We can now say, I think for the first time, that
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