Economy
Bitcoin Latest Price Drop Suggests It’s Not ‘Digital Gold’ for Everyone
As geopolitical tensions rise, the cryptocurrency's price has fallen.
US Inflation Hits New 4-Decade High of 7.5% in January
Bitcoin traders keep track of the inflation rate because some think of the cryptocurrency as an inflation hedge, and the Federal Reserve's expected response to economic conditions often dictates market direction.
US Jobs Report Shows Gain of 467,000 in January, Exceeding Expectations
Bitcoin traded slightly lower after the report, as the number keeps pressure on Fed to tighten.
Fed's Hawkish Pivot May Not Last, Bitcoin Analysts Say
The Fed might not act as decisively in tightening monetary policy if financial stability concerns start to outweigh the risk of fast inflation.
Crypto Market Snoozes Through ADP Payroll Shocker
The Omicron variant is behind a sharp decline in U.S. jobs in January, but markets are shrugging off the weak number.
Fed Preview: How Rate Hikes Could Stimulate Demand for Stablecoins
Higher interest rates will likely increase demand for the dollar. This could translate into higher demand for dollar-pegged crypto this year.
US Inflation Rose to Nearly Four-Decade High of 7% in December
The consumer price index is closely watched by bitcoin investors who view the cryptocurrency as a hedge against inflation.
Bitcoin Holds Support Ahead of Fed Minutes, March Rate Hike Probability Rises
The Fed’s asset purchase program is set to end in March.
Volatility Ruled Crypto Markets in 2021, From $69K Bitcoin to Elon Musk’s ‘Dogecoin to the Moooonn’
NFTs exploded, Coinbase stock went public, El Salvador bought the dip and China cracked down on bitcoin miners, while Solana’s SOL tokens and Polygon’s MATIC shot up by multiples of 90 or more. Here’s how crypto traders played it.
