WorldPingBitcoin fell under $64,000 after July CPI matched forecasts at 3.4%, with analysts saying the in-line print keeps the Fed patient.
This is a short WorldPing brief. The full report was published by The Block.
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WorldPingBitcoin Magazine Bitcoin Yawns As Fed’s Favorite Inflation Gauge Eases Bitcoin's price was largely flat on news that US inflation was subdued in July.
Brief by WorldPing · Original reporting by Bitcoin Magazine
WorldPingThe tamest U.S. inflation print in months left crypto markets flat, with Bitcoin shrugging off the data hit. Here's why.
Brief by WorldPing · Original reporting by Decrypt
WorldPingBitcoin price action did not reflect relief in US CPI inflation numbers matching expectations amid a warning over $63,000 failing as support.
Brief by WorldPing · Original reporting by Cointelegraph
WorldPingU.S. inflation cooled for a second straight month in July, another sign that spring’s energy-driven price shock is fading even as inflation remains stubbornly above the Federal Reserve’s 2% target. The U.S. Consumer Price Index (CPI) rose 0.
Brief by WorldPing · Original reporting by Bitcoin.com
WorldPingFive years after El Salvador made Bitcoin legal tender, the experiment has fallen short of its original promises for locals, but it’s been great for Bitcoin’s global profile.
Brief by WorldPing · Original reporting by Cointelegraph
WorldPingBoth headline and core inflation matched economists’ expectations, while bitcoin held near $64,000 and Treasury yields declined.
Brief by WorldPing · Original reporting by CoinDesk
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