Categories: Bitcoin Cash NewsMarkets News

Crypto Market Tumbles as Key US Inflation Data Cools Down

Recent data reveals the calming of inflation rates, with intriguing reverberations most noticeably within the crypto market. Bitcoin and Ethereum enjoyed a brief rally, only to relinquish these gains shortly after. Strangely, this crypto market fluctuation does not mirror the United States economy’s evident shift toward a disinflation phase. Bitcoin, Ethereum Volatility Spike After Soft PPI In a surprising turn, the top cryptocurrencies saw a modest spike in volatility as key US inflation data displayed a cooling trend. Bitcoin, the world’s largest cryptocurrency, saw a 0.60% rise, nudging from $30,500 to $30,683. Ethereum, its closest competitor, experienced a 0.39% jump,

AVAX, ALGO Among Crypto Losers as U.S. Inflation Hits 40-Year High – Market Updates Bitcoin News

AVAX and ALGO each fell by almost 10% on Friday, following the discharge of the most recent inflation figures within the United States. Data confirmed that inflation is at present at 8.6%, which is... [[ This is a content summary only. Visit my website for full links, other content, and…

June 10, 2022

In "crypto"

Bitcoin Hits $17,700 as November CPI Data Shows Cool Down in Inflation

Bitcoin prices increased by more than 5% on Dec. 13, 2022, after the Bureau of Labor Statistics reported that the Consumer Price Index (CPI) was up by 0.1%. November’s CPI reading was 7.1%, implying that inflation will remain moderate despite soaring interest rates from the Federal Reserve System. The CPI…

December 20, 2022

In "Bitcoin Cash News"

4 US Economic Data With Crypto Market Implications This Week

Crypto markets brace for four important US economic events this week, starting Wednesday, February 12. These macroeconomic events could affect the portfolios of Bitcoin (BTC) holders, making it imperative for investors to adjust their trading strategies. The influence of US economic events on Bitcoin and crypto generally is progressively resurfacing…

February 10, 2025

In "Crypto Analysis"

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kryptonew

3 years ago

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Crypto Market Tumbles as Key US Inflation Data Cools Down

Related

AVAX, ALGO Among Crypto Losers as U.S. Inflation Hits 40-Year High – Market Updates Bitcoin News

Bitcoin Hits $17,700 as November CPI Data Shows Cool Down in Inflation

4 US Economic Data With Crypto Market Implications This Week

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