Topic: cpi
Tag: cpi
Bitcoin inches up as BTC traders flip bullish on the back of positive CPI data
/ | Leave a CommentBitcoin resumed its uptrend nearing $47,000, as bullish daytraders swapped the US dollar for the cryptocurrency en-masse. Buyers assessed the diminishing rate of consumer price rise in the United States and Bitcoin’s oversold conditions to place long bids on the BTC/USD pair. As a result, prices rose 6% from $44,154 to $46,823 on Tuesday.
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Bitcoin tumbles as stocks, treasury yields rise amid sky-high CPI, PCE data
/ | 1 Comment on Bitcoin tumbles as stocks, treasury yields rise amid sky-high CPI, PCE dataWhat appeared like a bright recovery rally earlier turned into a false flag this Friday? Bitcoin logged 11% losses on the day after topping out at $35,703.
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Bitcoin Week Ahead Ep06: CPI report meets bearish pennant structure
/ | 1 Comment on Bitcoin Week Ahead Ep06: CPI report meets bearish pennant structureBitcoin performance will be watched closely this week, with some analysts still looking for a sharp upside rebound towards $40,000
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