Bitcoin Price Prediction as US Inflation CPI Data is Released – BTC to the Moon?
The recent release of better-than-expected US inflation figures has led to a surge in the price of Bitcoin, with the digital currency reaching a level of $18,000. This increase in value is attributed to the Federal Reser...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
The report boosted cryptocurrency prices in hopes that the Federal Reserve will slow the pace of interest rate hikes in light of the less-than-expected consumer price increases....
Read More: Bitcoin Price Prediction as US Inflation CPI Data is Released – BTC to the Moon?
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
June CPI Beat Sparks Bitcoin Surge, but the Fed’s September Hike Looms
June CPI fell a seasonally adjusted 0.4% month-over-month, the steepest monthly drop since April 2020, pulling the annual inflatio...
Bitcoin Price Jumps Above $64,000 as Cooler-Than-Expected Inflation Strengthens the Case for Rate Cuts
Bitcoin Magazine Bitcoin Price Jumps Above $64,000 as Cooler-Than-Expected Inflation Strengthens the Case for Rate Cuts Bitcoin pr...
World Cup semifinals set as crypto prediction markets and fan tokens surge on Argentina-England hype
Crypto markets and fan tokens are experiencing unprecedented engagement, but historical trends suggest a post-tournament decline i...
Kevin Warsh advocates for measured communication at Federal Reserve, rattling crypto markets
Warsh's communication overhaul at the Fed could reshape market dynamics, influencing both traditional finance and the evolving cry...
Binance Proof of Reserves Rock Bitcoin News Amid BTC Gains and Thin Stablecoin Depth
In the latest Bitcoin news, Binance customer Bitcoin holdings climbed to approximately 640,295 BTC in June, adding 7,715 BTC, a 1....
XRP Price Prediction: Key Metrics Point to a Crash
XRP prediction chatter is heating up even as the price slips, which is usually when markets like to play tricks. XRP trades at aro...