All Eyes Are On The Consumer Price Index
The consumer price index will define market moves and the new Magma protocol on the Lighting Network will allow Bitcoin to grow even bigger.This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Joe Consorti to talk about inflation and exciting new developments on the Lightning Network.Watch This Episode On YouTube Or RumbleListen To The Episode Here:AppleSpotifyGoogleLibsynQ: Specifically, you guys at the Bitcoin Layer spend so much more time focusing on bonds and interest rates. What are you guys seeing? What are you guys....
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The Consumer Price Index hit an elevated rate of 8.5%. The addressable market for an immutable asset like bitcoin with its limited supply is above $100 trillion.
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The latest inflation data from the United States indicates that consumer prices have kept climbing despite expectations of a slowdown. The Consumer Price Index (CPI) summary published on Thursday shows an 8.2% rise in the year through September, and the core index rating saw the fastest yearly increase since 1982. September’s CPI Data Was Worse Than Expected, Report Signals an Aggressive Fed Rate Hike on the Horizon, Global Markets Shudder U.S. inflation numbers for September are in, and the inflation rate, or CPI, is worse than expected. According to the U.S. Bureau of Labor....
Bitcoin surged after July’s CPI data showed that inflation has started to decline after several months of record-breaking rates. Similar to earlier instances, the price of bitcoin climbed close to $24,000. CPI Report Boost Bitcoin Price According to the Consumer Price Index report (CPI) that the U.S. Bureau of Labor and Statistics released on Wednesday, consumer costs remained unchanged, putting inflation at 8.5%. Prior to this, analysts anticipated that the index, which analyzes price changes across a wide range of products and services, would increase by 0.2% to reveal inflation to....