Will Bitcoin Become More Volatile As US Inflation Hits 8.2%
The impact of macroeconomic factors on crypto and Bitcoin is increasing as inflation gets stronger. Both the crypto and the traditional market are facing a raging storm. Many international bodies fear that a possible global recession will soon break out. Another round of volatility has commenced in the crypto market. The cause is the US Consumer Price Index (CPI) report. The data is at 8.2% for the September record. Related Reading: Elrond (EGLD) Price May Break Past $56 Hurdle – Here’s How The United States CPI data serves as a gauge for measuring the inflation rate in the country. It....
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Prices of ethereum and bitcoin were volatile on Thursday, as markets reacted to U.S. inflation data. Bitcoin briefly recaptured the $45,000 level, but sold off after the data was released. Bitcoin Bitcoin started the day in the green, hitting the $45,000 mark in the process, however as the U.S. equity session opened, prices weighed, as it was reported that consumer prices had risen to 7.5%. BTC/USD rose to an intraday high of $45,101.17 earlier in today’s session, as it appeared that bulls were pushing prices up for a second day. The move saw bitcoin marginally break out of the....
The United States Consumer Price Index data shows that inflation hit 7% in December 2021, climbing 0.5% month over month. Bitcoin almost reached $44,000 upon the news. The latest figures from the United States Bureau of labor statistics show that the (Consumer Price Index) CPI hit 7% in December. Bitcoin (BTC) was volatile prior to the announcement, fluctuating over $2,000 from lows of $41,000 to $43,000 on Wednesday morning. Upon release of the figures, the price continued its upward climb, touching $44,000. Prior to the announcement, Twitter was rife with speculation. According to a poll....
Among global war, rampant inflation and threats to liberty, Bitcoiners found peace of mind despite an incredibly volatile 2021.
Following the Covid-19 pandemic, the massive amount of stimulus, and amid the Ukraine-Russia war, Germany’s inflation has soared. Official data from Germany’s consumer price index (CPI) indicates that inflation jumped to a 10.9% annual pace in September and it’s the first time since the end of World War II that Germany has dealt with double-digit inflation.
German Inflation Skyrockets Tapping Double-Digits in September
All across the world, inflation rates have risen a great deal. Many economists believe that the energy crisis in Europe that is tied to the....
With inflation in the U.S. hitting its highest mark since the 2008 financial crisis, Bitcoin is serving as a critical lifeline.