Price Index News

At a journalism clinic I hosted in Asia some years back, one of my pleas was “don’t throw the entire kitchen sink at the story”.

Bitcoin (BTC) hit new October lows after the Oct. 11 Wall Street open, as one analyst hailed the “final stage” of the cryptocurrency bear market.

 Federal Reserve Bank of Chicago President Austan Goolsbee provides insight on the state of the U.S. economy on 'Making Money.'

Leading crypto gold project Tether Gold (XAUT) has seen a +1% price increase amid bullish movements in underlying 1:1 gold prices (per troy Oz) - fuelled largely by increased geopolitical risk stemming from the developing Israeli confrontation with Hamas.

Bitcoin (BTC) headed higher into the Sep. 14 Wall Street open despite fresh macro data showing resurgent United States inflation.

DATA AND FORECASTS Fresh Fed forecasts to be published at the close of this month's meeting will show how policymakers as a group expect inflation and unemployment to behave, and whether they like Logan think further tightening is likely to be needed. In June, the last time the Fed published economic projections, two-thirds of Fed policymakers indicated they thought rates would need to rise to above 5.5% by year's end in order to bring inflation down sustainably to the Fed's 2% goal. "It's still an open question as we go forward: Have we got sufficiently restrictive to achieve that," New York Fed President John Williams said on Thursday.

After a brush with $2,000 at the start of August, gold futures are back at their tiring mid-to-lower $1,900 range. Spot gold, more closely followed than futures by some traders, is emerging from a one-month low beneath $1,922.

The United States and China both have key inflation data this week, with oil bulls looking for a relatively positive outcome on both sides to extend a six-week rally already looking heavy for crude.

inflation data for July and few major earnings. The Consumer Price Index (CPI) report for July is slated to be released on 10 August and the Producer Price Index (PPI) report on 11 August. Next week, earnings reports of following companies are due – Tyson Foods, Lucid Group, Skyworks Solutions, Paramount Global, Palantir Technologies, Eli Lilly, United Parcel Service, Coupang, Li Auto, Datadog, Disney, Trade Desk, Roblox, Wynn Resorts, Brookfield Asset Management, Alibaba, US Foods, Ralph Lauren, Spectrum Brands and Soho House.

The leading cryptocurrency Bitcoin failed to rally with global markets this week triggered by cooling US inflation. The recent decoupling of Bitcoin from the global markets has left investors worried about the token’s outlook. 

cryptocurrency markets were majorly trading higher on Wednesday ahead of the key US inflation data, due later in the day. Bitcoin (BTC) rose 0.70% to $30,667, whereas Ethereum (ETH) was above the 1,850 level. BTC volume stood at approximately $11.75 billion, falling 20% in the last 24 hours. «Bitcoin rose above $31,000, underpinned by a bullish forecast from U.K. bank Standard Chartered predicting that bitcoin will reach $50,000 by the end of 2023 and $120,000 by the end of 2024. However, it retraced back to $30,350 as the US June Consumer Price Index (CPI) and the Producer Price Index (PPI) will be released this week, bringing inflation data back into the spotlight,» said CoinDCX Research Team. Shubham Hudda, Senior Manager at CoinSwitch Markets Desk, said, «The CPI (YoY) consensus forecast this time is 3.1% — down from the previous reading of 4%. A lower-than-expected reading can give the entire market an upward push, however, it seems like the market may not be as concerned in case the reading comes out to be more than 3.1%.»

Bitcoin (BTC) looked set to challenge range highs on July 13 as fresh macroeconomic data boosted risk asset bulls.

Bitcoin price is trading at $30,492 in today's market, marking an over 1% rise on Tuesday. 

The inflation gauge preferred by the Federal Reserve rose in November at the slowest pace in four months as prices for goods dropped.

Bitcoin (BTC) stuck to $26,000 on June 14 as fresh United States macroeconomic data prints failed to move cryptocurrency markets.

Bitcoin (BTC) headed toward $27,000 after the May 11 Wall Street open as bulls failed to show strength.

The price of Bitcoin and Ethereum has risen, with both cryptocurrencies soaring by over 10%. As investors and traders closely monitor these developments, many questions whether their ascent is limited. Will this bullish trend continue, or are we approaching a potential peak? 

In the week ahead, investors will confront new inflation data and the beginning of earnings season, while also keeping an eye on the Federal Reserve's potential plans for interest rates at their early May meeting.

cryptocurrency markets were trading in the red on Friday with a loss of over 3% in the last 24 hours. Bitcoin (BTC) fell 4.1% to $23,695, whereas Ethereum (ETH) was just above the $1,650 level. BTC volume in the last 24 hours stood at approximately $38.98 billion, rising 6.82% in the last 24 hours. «After briefly hitting the six-month high of US$25,000 on Thursday, the price of Bitcoin dropped to US$23,800 due to the unexpected increase in the Producer Price Index (PPI). Despite this setback, BTC has still increased by 73% from its lowest point a month ago. The PPI news might have made investors apprehensive about inflation and monetary policies,» Edul Patel, Co-founder and CEO at Mudrex said. Other top crypto tokens were also trading lower on Friday. Shiba Inu declined by over 6%. BNB, XRP, Cardano and Dogecoin were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.08 trillion, falling 3.13% in the last 24 hours. The total volume in DeFi is currently $7.93 billion, 9.84% of the total crypto market 24-hour volume. The volume of all stablecoins is now $74.32 billion, which is 92.22% of the total crypto market 24-hour volume.

Bitcoin (BTC) trended toward $24,000 at the Feb. 16 Wall Street open after fresh macroeconomic data from the United States overshot estimates.

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.