Browsing: Federal Reserve

Bitcoin Magazine Hot Inflation Data Puts Bitcoin Under Pressure, but ‘Difficult’ Isn’t ‘Bearish’: CoinShares

Bitcoin has fallen 3.6% over the past 24 hours to around $81,500 as stronger-than-expected U.S. producer inflation has renewed concerns about another Federal Reserve interest rate increase. U.S. producer prices rose 1.3% in September, the largest monthly increase since March 2022. Annual wholesale inflation reached 6.3%, following Wednesday’s 3.7% consumer inflation reading. Bitcoin traded near…

Bitcoin Magazine Bitcoin Briefly Slides Below $80,000 On More Hot Inflation Data

The market structure is significantly different today, said one of the analysts we talked to. ByJordan Lyanchev

If you had shown BTC investors the headlines from the past several days a week ago, most would have expected a bloodbath. ByJordan Lyanchev

A stronger yen could accelerate the unwinding of carry trades, putting stocks and crypto under pressure at the same time. ByWayne Jones