Bitcoin Surges To Record Highs As US Inflation Soars
Bitcoin touched $69,000 today as inflation data showed the highest annual jump in CPI since 1990.Bitcoin hit a new record high today, touching $69,000 for the first time as inflation data from the U.S. Department of Labor showed the highest annual jump in consumer prices since 1990. The consumer price index (CPI) increased 6.2% from October 2020, exceeding the 5.4% rate registered in September and fueling the inflation hedge narrative for Bitcoin further.Energy, shelter, food, used cars and trucks, and new vehicles are among the most significant contributors to the rising index, which....
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The U.S. Personal Consumption Expenditure (PCE) core price index has soared to its highest level since 1992, stoking inflation fears. Some say Bitcoin, with its fixed supply of 21 million tokens, will resist inflation. But is there any truth to that? Source: @lisaabramowicz1 on Twitter.com Is Hyperinflation On The Way? The PCE measures price changes […]
The European Central Bank is concerned over inflation in the euro area rising beyond its own expectations, a high-ranking ECB official has admitted. However, Europe’s monetary authority is not prepared to raise interest rates at this point in time, the executive unveiled.
ECB Sees No Reason to Adjust Interest Rates Despite Eurozone Inflation Reaching 5%
Annual inflation in the area of the common European currency, the euro, has increased for a sixth consecutive month to a record high of 5% in December, according to preliminary estimates from Eurostat quoted by Trading....
The Ethereum supply has experienced an uncharacteristic uptick in the space of a month, raising concerns about the cryptocurrency’s inflation risk among ETH investors and community members. Ethereum Inflation Crisis Since the beginning of 2023, Ethereum, the world’s second-largest cryptocurrency has experienced fluctuating inflation rates in ETH’s money supply. According to the Ultrasound Money website, […]