Browsing: Inflation

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…

Omkar Godbole is a Co-Managing Editor and analyst on CoinDesk’s Markets team. He has been covering crypto options and futures, as well as macro and cross-asset activity, since 2019, leveraging his prior experience in directional and non-directional derivative strategies at brokerage firms. His extensive background also encompasses the FX markets, having served as a fundamental…

Bitcoin trades at $83,559.76 as markets weigh Fed comments and Thursday’s inflation test, with $85,000 in focus and downside risks intact.

When oil breaks $100 and inflation fears spike, Bitcoin is supposed to shine as a safe haven, but something unexpected happened instead. The answer reveals a fault line running through one of crypto’s most powerful selling points.