cpi
Crowd Sentiment towards Crypto Turns Bearish as Inflation Data Looms
The crypto market has not yet been able to find the right footing based on tightened macroeconomic factors and Russia’s invasion of Ukraine.
Bitcoin Gains Momentum Based on Positive CPI Numbers
After slipping to lows of $15.5K amid FTX’s liquidity crunch, Bitcoin gained momentum based on positive consumer price index (CPI) numbers released by the U.S. Bureau of Labor Statistics.
What is Truflation?
Truflation is a blockchain-based financial data service that provides real-time economic and inflation data. Launched in December 2021, it updates its methodology annually and offers daily inflation updates from over 30 sources. Despite facing a deficit, Truflation is expanding its customer base and revenue, focusing on key metrics conversion and launching its token in January 2024.
Market Update: US Inflation Data Push Bitcoin Below the $19,000 Support Zone
A steep volatility trailed the September inflation data that was released by the BLS today. Bitcoin last seen trading below $19,000
US Inflation Data Lashing Crypto Market
The market is concerned about the rising inflation, as the United States Bureau of Labor Statistics (BLS) released its Consumer Price Index (CPI) for August, coming in at 8.3% year-on-year (YoY).
Bitcoin Price Holds Firm Around $19,000 Amid Institutional Adoption Surge
Institutional adoption appears to be a crucial driver for holding Bitcoin prices steady.
Kevin O’Leary Says ‘No Choice with Crypto’ After as US Inflation Burns Hot
Cryptocurrencies plunged on Thursday amid traders’ sudden realization that inflation isn't slowing as expected. Kevin O’Leary is still optimistic about the future of crypto.
Crypto Price Index Predicted to Revolutionize the Cryptocurrency Market
The Crypto Price Index (CPI) is touted to be an ideal crypto market indicator which will include over 200 of the top traded cryptocurrencies based on market capitalization. Expressly, it is expected to function like the Dow Jones Industrial Average by offering insights about the trading history of the major blockchain projects.
Worldwide Payment Provider Adopts New Crypto-to-Crypto Buy and Sell Feature
Skrill, a notable worldwide payment provider, has revealed about integrating a new option that permits the buying and selling of all cryptocurrencies into its platform. This strategy is intended at eradicating the urge of converting cryptocurrencies into fiat so that a purchase can be made.
Trump’s Proposed Capital Gains Tax Cuts Could Benefit Ethereum 2.0 Stakers
President Donald Trump has proposed a capital gains tax cut which may greatly benefit United States cryptocurrency traders—particularly those planning to stake on Ethereum 2.0.
Sep 08 Trading Analysis: Be Long in the face of adversity...
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AICPA Publishes a Practice Aid for Digital Assets
The American Institute of CPAs (AICPA) has not been oblivious to the rapidly changing digital assets ecosystem as it has availed a practice aid to help in crypto accountancy. The practice aid is founded on professional experience and literature from members of the Digital Assets Working Group.
4 Reasons Why Bitcoin Surged to $58,000
The Bitcoin price has shown green bullish candlesticks for the past 7 trading days. There are four reasons that can serve to explain why BTC's price is surging.