Bitcoin News
By James Thorp
1 / 15
US Inflation Rises in June. According to data released Tuesday, the CPI rose by 0.3% in June and is now 2.
2 / 15
Fed Rate Cuts Now Uncertain. The rising inflation figures have made many analysts question whether the Federal Reserve will…
3 / 15
Crypto Market Response Mixed. Some traders took a more balanced view. Daan Crypto Trades, a well-followed trader, said the CPI…
4 / 15
Bitcoin Reacts to Uncertainty. Despite some optimism, the overall market mood is cautious.
5 / 15
Markets Adjust Expectations. In traditional markets, bond yields rose and the U.S. dollar strengthened.
6 / 15
Outlook: Bitcoin May Stay Volatile. While Bitcoin is still up significantly year-to-date and holding above key levels, inflation and…
7 / 15
Bitcoin’s recent rally took a hit this week after new inflation data from the United States raised concerns about the Federal Reserve’s next moves.
8 / 15
This decline comes after the U.S. Consumer Price Index (CPI) showed inflation rose for the second month in a row.
9 / 15
According to data released Tuesday, the CPI rose by 0.3% in June and is now 2.7% higher year-over-year. Core CPI, which excludes food and energy prices, climbed 0.
10 / 15
Wall Street Journal reporter Nick Timiraos noted the numbers were “close to consensus,” but also pointed out they weren’t as mild as in May. “Core prices rose 0.
11 / 15
“The Fed isn’t cutting rates anytime soon,” wrote The Kobeissi Letter, a well-known macroeconomic newsletter.
12 / 15
Christopher Inks from TX West Capital agreed: “CPI has now increased for two months. The Fed has no reason to rush into rate cuts.”
13 / 15
In short, while inflation isn’t spiraling out of control, it’s rising just enough to keep the Fed cautious.
14 / 15
Some traders took a more balanced view. Daan Crypto Trades, a well-followed trader, said the CPI numbers were mostly in line with forecasts.
15 / 15
Andreas Steno Larsen, founder of Steno Research, had an even more positive outlook. He noted that while prices of goods are rising again, inflation in services and housing is…
The Currency Analytics
Want the full story?