persistent inflation
Just In: US PCE Price Index Rises, Exceeding Core Forecasts; Bitcoin and Crypto Markets Show Mixed Reactions
The U.S. PCE and Core PCE Price Index have both increased by 3.3% and 4.200004%, respectively, indicating persistent inflationary pressures. Cryptocurrency markets show moderate fluctuations, with meme coins showing resilience. Federal Reserve response will significantly impact economics.
Venezuelans Will Love Bitcoin Even More with 10,000,000% Inflation
Bitcoin's trading volume has set a record high in Venezuela, thanks to the 10,000,000% inflation rate in 2019.
China's Central Bank Says Digital Yuan Will Not Raise Inflation
Bank of China claims that the introduction of digital yuan will not cause the occurrence of inflation.
Cryptocurrency Giving People in Africa the Power Against Rising Inflation
Despite being a driving force behind several innovations across the globe, cryptocurrency continues to make its mark in Africa. Based on recent breaking news, let’s see how cryptocurrency gives Africans a hedge against inflation.
Bitcoin Whales Surge as Economic Inflation Meltdown Looms, Over 2000 Wallets Now Hold Over 1000 BTC
On-chain analytics data confirms that Bitcoin whales are forming quickly, likely as economic inflation looms.
Federal Reserve FOMC Meeting Inflation Targets Might See Bitcoin Price Retest $10,400 Resistance
Bitcoin traders await the Federal Reserve’s upcoming policy meeting on Wednesday to hear how the United States central bank will enact its inflation policy.
Bitcoin Plummets as Fed Reserve Chair Jerome Powell Confirms Inflation Strategy Will Not Change
Federal Reserve chairman Jerome Powell has confirmed that the central bank’s monetary strategy regarding inflation will not change.
Bitcoin Can Be Used by Corporate Investors to Manage the “Impact of Monetary Inflation"- MicroStrategy
MicroStrategy CEO Michael Saylor explains that firms are acquiring Bitcoin as a strategy to hedge against the impacts of monetary inflation.
Federal Reserve “Flexible” Inflation Monetary Policy Could Boost Bitcoin Price as Investors Stock Up on BTC Safe Haven
Federal Reserve Chair Jerome Powell has announced new measures to control inflation, in a speech that could have long-term implications for the Bitcoin price and cryptocurrency.
Argentina Believes in Bitcoin and Cryptocurrency as Most Effective Hedge Against Inflation, Paxful Survey
Over 70% of Argentines see cryptocurrency, particularly Bitcoin as the most effective way to hedge against inflation and store financial value
Elon Musk and Joe Rogan Slam US Stimulus Money Printing and Incoming Inflation
Elon Musk appeared on the Joe Rogan Experience for the second time and had a few choice words regarding the coming inflation and creative monetary issuance coming into play due to the COVID market meltdown.
Federal Reserve Holds 0% Interest Rates until 2023, Targets Over 2% Inflation—BTC Price Breaks $11,000
Bitcoin price spikes as Federal Reserve officials of FOMC said they will hold US interest rates close to zero and will continue to push inflation above 2% by 2023.
BitMEX Research: Inflation Aftermath of Coronavirus Financial Crash Will Be Bitcoin's Greatest Test
In the aftermath of the current Coronavirus market crash and the subsequent incoming inflation that will be caused by the response of the Federal Reserve and Central banks, Bitcoin will face its truest test and be given its its biggest opportunity to prove itself in its short lifetime according to new research from global crypto exchange BitMEX.