U.S CPI Data Released: Inflation Rate Rises To 2.9%, Crypto Market ...

7 hours ago · The U.S. Consumer Price Index (CPI) report for December, a key gauge of inflation, has just been released by the Bureau of Labor Statistics (BLS). While the CPI data could boost the U.S. dollar, it’s unlikely to prompt immediate adjustments to the Federal Reserve’s …

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U.S CPI Data Released: Inflation Rate Rises To 2.9%, Crypto Market ...

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coinpedia.org

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US CPI Data Release: Bitcoin Price Rises Above $98,000

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21 hours ago · The crypto community eagerly anticipated the US CPI data since it’s a significant economic metric that affects financial markets. Bitcoin Price Responds to US CPI Data. …

cryptomode.com

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Bitcoin Renews Push To $100K, Reclaims $99K, As US Inflation Rises …

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US Inflation Rises to 2.9%, Bitcoin Responds Bitcoin has renewed its push toward $100,000, reclaiming the $99,000 mark following the latest U.S. Consumer Price Index (CPI) data release.

msn.com

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Bitcoin Price Rises After CPI Inflation Report. Why The Data

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6 hours ago · Bitcoin rose modestly early Wednesday after investors reacted to the latest U.S. inflation reading. The world’s largest cryptocurrency was up 2.7% over the past 24 hours to …

yahoo.com

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Bitcoin Rebounds As Inflation Rises 2.9% In December - Deccan …

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2 hours ago · Mumbai: Bitcoin rebounded strongly on Wednesday to touch 98800, up 2 per cent after the US Labour Department released the Consumer Price Index (CPI) data for December. …

deccanchronicle.com

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US Headline CPI Gained 2.9% In The Year To December - FXStreet

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10 hours ago · The US Consumer Price Index is set to rise 2.9% YoY in December. The core CPI inflation is seen steady at 3.3% last month. The Fed is widely anticipated to keep interest rates …

fxstreet.com

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Inflation In December: CPI Increased 2.9% As Expected - Business …

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7 hours ago · US inflation continued to heat up at the end of 2024. The consumer price index rose by 2.9% year over year in December, above November's 2.7% rate.

businessinsider.com

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US Inflation Rises Coming In At Expected 2.6%, Bitcoin Breaks Over ...

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Nov 13, 2024 · The US Bureau of Labor Statistics released October’s Consumer Price Index data today. The annual inflation rate increased to 2.6% from the previous 2.4%, aligning with …

cryptoslate.com

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US CPI Hits 2.9%, Yet Core Inflation Cools Below Forecasts

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7 hours ago · Inflation in December reached its highest level since the summer, as shown by data released on Wednesday morning. In December, inflation went up by 2.9% compared to last …

coinpedia.org

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US CPI Data Released: With A 2.6% Increase, This Is How

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Nov 13, 2024 · The monthly CPI and core CPI were forecasted to rise 0.2% and 0.3%, respectively, matching last month’s pace. However, the numbers now stand at 2.6%. Potential …

coinpedia.org

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Bitcoin Price Slips Below $60,000 After US CPI Data - Crypto News

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Aug 14, 2024 · The Bitcoin price slipped below $60,000 level on Wednesday in wake of US Consumer Price Index (CPI) inflation data that supported the case for the US Federal Reserve …

cryptonews.com

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Bitcoin Peaks Above $59,000 As US CPI Data Shows Easing Inflation

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Jul 11, 2024 · The YoY Inflation Rate remains at 3%, down from 3.3% in the previous period and slightly below the consensus of 3.1%. This suggests disinflation but is still above the Federal …

cryptoslate.com

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Crypto News Today (Jan 15th, 2025): Bitcoin Holds $96k As U.S. CPI ...

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7 hours ago · U.S. CPI inflation numbers rise from 2.7% to 2.9% DeXe, AI16Z, and VIRTUAL are top gainers, while JASMY leads losses. The cryptocurrency industry continues its cautious …

coinpedia.org

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U.S CPI Data Released: Inflation Rate Rises To 2.9% , Crypto Market ...

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The post U.S CPI Data Released: Inflation Rate Rises To 2.9% , Crypto Market Turn Bullish appeared first on Coinpedia Fintech News The US Consumer Price Index (CPI) report for …

coinlive.com

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Bitcoin Price Holds Above $60,000 After Hot US Inflation Data

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Oct 10, 2024 · The latest Consumer Price Index (CPI) report showed that the year-over-year rate of headline inflation for September reached 2.4%, slightly exceeding the expected 2.3%. …

cryptonews.com

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US CPI Data: What Is The CPI Effect On Crypto? - YouHodler

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Jun 13, 2023 · The US CPI is also one of the most popular measures of inflation and deflation in the economy. It covers over 90% of the US population’s spending and uses over 94,000 price …

youhodler.com

FAQs about U.S CPI Data Released: Inflation Rate Rises To 2.9%, Crypto Market ... Coupon?

Will a rising CPI affect crypto prices?

US CPI exploded out of it's trend in 2021 - effecting crypto prices As CPI increased in 2023, Bitcoin experienced more volatility However, a rising CPI doesn’t mean that your crypto trades will result in losses. Some think that crypto is an effective hedge against inflation, or can become one in the future. ...

How does the CPI report affect bitcoin price?

On a daily basis, from the Bitcoin (BTC) open price on the day of the CPI report to the BTC open price the next day, Bitcoin price falls or rises regardless of the direction of the inflation rate shift. For instance, when the CPI report showed a drop from 8.5% to 8.3% (annualized) between March and April 2022, Bitcoin price dropped -11%. ...

How does inflation affect crypto trading?

A higher inflation rate increases pressure on trade assets, including crypto. An increased CPI can also create an opportunity for traders to use it to their advantage. Whatever you ultimately decide to do is up to you but the data is there to help you make an informed decision. ...

How much has the consumer price index increased over the year?

The consumer price index, an inflation measure, increased 2.9% over the year this past December. That matches the forecast increase and is above November's year-over-year increase of 2.7%. While the 2.9% is the highest rate since July, it falls short of the roughly 3.1% in January 2024. ...

Where did the Consumer Price Index (CPI) data come from?

Figures for Consumer Price Index (CPI) were taken from the U.S. Bureau of Labor Statistics. Other data was taken from the Federal Reserve Bank of St. Louis, while Bitcoin (BTC) price and market cap data was taken from CoinGecko, from a January 2022 to October 2024 timeline. ...

How did inflation sped up in December?

Inflation sped up in December as expected, marking the third consecutive month of acceleration. The consumer price index, an inflation measure, increased 2.9% over the year this past December. That matches the forecast increase and is above November's year-over-year increase of 2.7%. ...