The previous CPI report released last month saw volatile bitcoin trade in the $63,000-$69,000 range. Bitcoin fell as bond yields rose ahead of a U.S. inflation report that could seal the deal for a faster unwinding of stimulus by the Federal Reserve (Fed). CoinDesk 20 data shows the cryptocurrency declined 1.5% to $47,900 in the […]
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Tag: inflation
Countries Suffering From Rapid Inflation Show Significant Demand for Cryptos
Cryptocurrencies have been trending upwards in price over the last few weeks, but in certain countries around the world digital assets have become far more valuable. For instance, in Argentina, the nation’s sovereign currency has lost considerable value and cryptocurrencies like BTC are seeing all-time price highs. The surge in value is not just taking […]