Even as Inflation Risk Fades, Bitcoin Remains Stuck Below $31K
Submitted by Anonymous (not verified) on Wed, 07/12/2023 - 22:40Wednesday's CPI report showed sizable decelerations in both overall and core U.S.
Wednesday's CPI report showed sizable decelerations in both overall and core U.S.
Wednesday's CPI report showed sizable decelerations in both overall and core U.S.
Economists had forecast sizable year-over-year declines in both headline in and core inflation for this report.
Economists had forecast sizable year-over-year declines in both headline in and core inflation for this report.
The unemployment rate TKTK to 3.X% versus 3.7% in June and against expectations for 3.7%.
The unemployment rate TKTK to 3.X% versus 3.7% in June and against expectations for 3.7%.
In addition, the national ISM manufacturing survey, released during the long July 4 weekend, fell to its weakest level since May 2020.
In addition, the national ISM manufacturing survey, released during the long July 4 weekend, fell to its weakest level since May 2020.
Spot bitcoin ETF applications from BlackRock and Fidelity, among others, had helped drive bitcoin higher over the past two weeks.
Spot bitcoin ETF applications from BlackRock and Fidelity, among others, had helped drive bitcoin higher over the past two weeks.
Copyright © 2024, www.bitcoin-trader.org | Contact