Eyes on U.S. #CPI Data on Thursday 👀(Oct 12)

Market Updates:

📌 #Bitcoin is hovering above $27,500 while the broader #cryptomarket is lower today.

📌 U.S. #inflation figures for September will be released on Thursday, the expected inflation rates are 3.6% YoY for the headline inflation and 4.1% YoY for the core inflation.

📌 The Israel-Hamas conflict has spurred fears of surging prices for #oil

📌 The #Fed-Funds futures are pricing in a rate hike of 25bps in November with 15.58% probability.

📌 Former #Alameda CEO Caroline Ellison is expected to testify at the #SBF trial today.

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https://coinpedian.substack.com/

Larry Fink, CEO of the world's largest money management firm #BlackRock with over $10 Trillion AUM, believes #Bitcoin is reshaping the financial landscape permanently.

According to Fink, the future is about digitalizing gold through #crypto, shifting the traditional investment from gold to a digital hedge against #inflation.

🚨BREAKING : US CPI 3.1%

🔵 CPI increased by 0.1% in November.

🔵 Over the past 12 months, it rose by 3.1%.

🔵 Excluding food and energy, the index grew by 0.3% in November and 4.0% over the year.


#uscpi #CPI #Cryptocurency #CryptoNews #inflation

🚨BREAKING : US CPI 3.4%

December Consumer Price Index (CPI) rose by 0.3%

Over the past 12 months, CPI increased by 3.4%

Excluding food and energy, the index increased by 0.3% in December (SA) and by 3.9% over the year (NSA).

#uscpi #CPI #Cryptocurency #CryptoNews #inflation

🔵 Key Events This Week

#Cryptonews #Cryptocurrency

1️⃣Ripple Remedies 12 February 2024(Monday) (The Ripple-SEC battle enters a pivotal "remedies phase" on this date)

2️⃣January #CPI #Inflation data - 13 February (Tuesday)

3️⃣ US Retail Sales data - 15 February (Thursday)

4️⃣ Do Kwon's Detention Ends on 15 February (Thursday) (The final decision on his extradition will be made by Montenegro's Minister for Justice)

5️⃣ January #PPI Inflation data -16 February ( Friday)

6️⃣ Total of 8 #Fed speaker events this week

🚨BREAKING : US CPI 3.1%

🔵CPI rose by 0.3% in January, adjusted, and by 3.1% over the past year.

🔵Excluding food and energy, CPI increased by 0.4% in January, and by 3.9% over the past year.

🔵These figures indicate overall inflationary trends, with notable increases in prices both including and excluding food and energy.

#USCPI #CPI #Cryptocurency #CryptoNews #inflation
#Bitcoin

Is the US economy facing stagflation? ELJA breaks down the latest GDP and inflation figures, signaling potential challenges for #Bitcoin.

#inflation #CryptoNews #cryptocrash

https://coinpedia.org/news/one-thing-could-crash-bitcoin-and-crypto-in-the-coming-months/

Can Bitcoin Weather the Storm of Rising #Inflation? Insights into Recent Price Drops

#CryptoMarket Liquidation: What's Behind the $150 Million Sell-Off?

Click Below to Read This Interesting Article 👇

#Crypto #Bitcoin #BTC #Bitcoinprice
https://coinpedian.substack.com/p/why-bitcoin-price-dropped-to-60k

Breaking : #USCPI- inflation falls to 3.4%.

🔵April's #CPI report released: #Inflation drops to 3.4% from a year ago, as forecasted by economists.

🔵 Consumer-price index up by 3.4% last month, meeting expectations.

🔵 #Cryptomarket reacts positively: #Bitcoin jumps to $63,674.01 post-CPI announcement.

🔵 #Altcoins also rise in response to Bitcoin's surge, reflecting overall market momentum.

The latest CPI report shows inflation easing to 3.4% in April, right in line with expectations.

In response, the crypto market is on the rise!

Bitcoin has surged to $63,674.01, and other altcoins are following suit.



#Crypto #Bitcoin #CPI #Inflation #Coinpedia

U.S. #Inflation Plummets: #Bitcoin's Bull Run and #Altcoin Surge Explained!

Is the #CryptoMarket Rally Here to Stay? Will #BitcoinPrice Reach $70K?

Click Below to Read This Interesting Article 👇
https://coinpedian.substack.com/p/why-is-the-crypto-market-up-today

#Bitcoin surged over 6.6% to $65,972, breaking the recent downtrend, influenced by lower-than-expected US #inflation data.

Institutional demand reflected in rising traded volume for spot #BitcoinETFs, mirroring global stock indexes' rally.
https://coinpedia.org/news/peter-brandt-predicts-new-ath-for-bitcoin-as-btc-price-surges-past-66k/

Is Dismantling the Fed the Answer to #Inflation? #CryptoMarket

Will H.R. 8421 Change the Future of U.S. Financial Policy? #CryptoNews

Click Below to Read this Interesting Article 👇
https://coinpedian.substack.com/p/federal-reserve-abolition-act-could

Top #CryptoNews This Week

1️⃣ #Grayscale's #GBTCETF nets $28.195 million, while #Fidelity's #FBTC leads with $379 million inflow.

2️⃣ SEC Chair #Gensler suggests slow #ETHETF approval, criticizes #cryptoexchanges' activities as unconventional.

3️⃣ ECB cuts rates by 25 basis points, forecasts inflation increase, expects moderate easing amid strong domestic pressures.

4️⃣Bank of Canada cuts rates to 4.75%, aiming to support economic growth amid declining #inflation.

5️⃣#Bitpanda partners with Deutsche Bank for real-time #crypto payments, enhancing German user experience.

6️⃣ #Robinhood to acquire Bitstamp for $200 million, subject to regulatory approval, expanding global presence

7️⃣ #Bybit opens registration for mainland China users, causing internal panic; aims to tap into new markets

8️⃣ Chinese student sentenced to 4 years for #Memecoin fraud; issued BFF causing losses over 50,000 USDT

9️⃣#Vitalik Buterin criticizes celebrity involvement in crypto, calls for focus on public interest initiatives

Tomorrow (Jun. 12, 2024 8:30 AM Eastern Time), we'll get the #inflation data (#CPI), followed by the Federal Reserve's decision on #interestrates and Jerome Powell's press conference. Here's what people are expecting:

🔵Very likely, rates will stay the same: 99.4%

🔵A small chance of a 0.25% rate cut: 0.6%

On Thursday (June 13, 2024, at 8:30 A.M. Eastern Time), we'll also see the Producer Price Index (#PPI) and unemployment data.

We should prepare for big swings in the market. We're almost there, just a bit more patience! 🤝

#Crypto #CryptoNews #CryptoMarket #BTC #Bitcoin

BREAKING : US inflation falls to 3.3%, lower than expectations.

#Crypto #CryptoNews #USCPI #Inflation

"#Crypto Silent in #Biden-#Trump Debate Despite Industry's Million-Dollar Influence" #CryptoNews

🔵Donald Trump criticizes Biden for job creation focused on illegal immigrants and mentions #inflation.

🔵Biden and Trump's first debate did not include any discussion on #cryptocurrency.

🔵Crypto industry raised millions but did not impact the debate agenda.

🔵Debate covered economy, abortion, immigration, foreign policy, and candidates' ages, but not crypto.