The U.S. Consumer Price Index (CPI) data for October is set to be released today at 8:30 a.m. Eastern Time. This highly anticipated report is expected to show a slight uptick in inflation, with an annual increase of 2.6%, up from 2.4% in September. According to the report, the core
The global cryptocurrency market saw a notable rebound early Saturday during Asian trading hours, recovering from previous lows with the total market cap rising approximately 2.92%. This surge was largely driven by Bitcoin (BTC), which displayed an uptick of 4.71%. In the last 24 hours, BTC’s price fluctuated from a
The cryptocurrency market is displaying a positive shift this week, with Bitcoin climbing 2.5% and trading at $63,387, reaching an intraday high of $63,957. This upward movement comes as investors eagerly await Federal Reserve minutes of its monetary policy meeting, including the Consumer Price Index (CPI) for September, as well
Today, Bitcoin (BTC) surged by 4%, propelling its price from $67,700 to $69,506, following the release of the U.S. Consumer Price Index (CPI) data, which showed a lower-than-expected inflation rate of 3.3% for May. This comes amidst anticipation over the Federal Reserve’s decisions on interest rate cuts. The highly anticipated
Inflation concerns persist as the U.S. Bureau of Labor Statistics gears up to unveil the April Consumer Price Index (CPI) data on May 15. The projections suggest that April’s CPI could range between 3.3% and 3.4%, the figures could amplify worries about inflation running higher than the Federal Reserve’s target
Bitcoin (BTC), after hitting a high near the $50,400 mark, displayed a slight downturn, testing the $48,406 level. However, the largest crypto is currently striving to surpass the $50,000 mark again amidst a backdrop of what analysts are terming a “golden bull phase” in the market. Despite the prolonged setback,
Since the beginning of the new year, the global financial market has witnessed a notable bullish momentum. Despite the current uptrend conditions, Jim Cramer, the host of CNBC’s Mad Money and an author, issues a new alert regarding the market upswing. Using charts created by Larry Williams, a well-known market
The U.S CPI for May accounts to rise by 8.6%. BTC drops by $500 instantaneously. The rise of CPI leads to the slumping down of BTC. Just when the Bitcoin (BTC) sees the limelight at touching the $30K benchmark, after a hectic period of market crash, tragedy strikes back again.
