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Market Wrap: US Inflation at 39-Year High Fails to Buoy Bitcoin

Inflation has jumped to levels not seen since the early 1980s – and the rate is rising fast. (Federal Reserve Bank of St. Louis)

Bitcoin’s price swung from gains to losses and back to gains on Friday after a key U.S. inflation report showed consumer prices rose in November at their fastest pace in 39 years.The market fluctuations left bitcoin on track for its fourth straight weekly decline, and the starry-eyed forecasts of $100,000 by year end – or even a return to last month’s all-time high of around … [Read more...] about Market Wrap: US Inflation at 39-Year High Fails to Buoy Bitcoin

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Recent Posts

  • Mt. Gox’s former CEO floats hard fork to recover 80K hacked Bitcoin
  • MoonPay PYUSDx Framework Is Bringing App-Specific Stablecoins to the Mainstream
  • Vaneck Director: People Tend to Underestimate Long-Term Impact of Spot Bitcoin ETFs
  • Crypto betting firm Stake secures naming rights to Sauber’s F1 Team
  • Bitcoin price breaks above $45K, days ahead of potential ETF approval

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ADA Bank Billion Binance Bitcoin Bitcoins Blockchain BNB BTC Cardano Coinbase Crypto Data DeFi Digital DOGE Dogecoin Dot ETH Ether Ethereum Exchange Firm fund High Investors Launch Launches Market metaverse Million Mining Network NFT NFTs Platform Price Raises report support Token Top Traders Trading XRP

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