Bitcoin Gains Momentum Ahead of Inflation Data. Could This Be the Push to $32,000?

Digital assets have stagnated for weeks. Traders are eyeing key U.S. inflation data due Wednesday as the possible catalyst for a big move.

• 2023-07-12
• interest rates inflation data core inflation

Weekly Market Wrap: Bitcoin trades below US$27,000 amid U.S. debt ceiling negotiations

Bitcoin traded below the US$27,000 mark for most of the week, as investor sentiment was weighed down by the prospect of the U.S. government’s potential default. Investors will be closely monitoring the ongoing debt ceiling negotiations.

• 2023-05-19
• debt ceiling Bitcoin U.S. Treasury Department market capitalization Kevin McCarthy Hong Kong President Joe Biden Core inflation

Bitcoin, Ethereum Push Higher As Inflation Slows to 4.9% in April

Crypto markets reacted well to the latest Consumer Price Index, which shows inflation in the U.S. was slightly down from March to April.

• 2023-05-10
• Bureau of Labor Statistics interest rates inflation gauge Consumer Price Index core inflation