Today news
About the same in other media
Bitcoin Rises as US Inflation Reaches Its Highest Since 1982
Reading now: 588
cryptonews.comThe bitcoin (BTC) price rose by about 2.5% in a matter of just 10 minutes today after US inflation numbers reached 6.8% from a year ago, marking the highest increase since 1982.
At 14:24 UTC, BTC stood at USD 49,575, up 0.9% for the past 24 hours and up 1.4% for the past hour, after initially moving above the USD 50,000 mark as the inflation reading came out.
Immediately following the release of the record-high inflation numbers, US S&P 500 stock index futures also reacted by trading higher, gaining about 0.5% in a matter of 10 minutes after the release.
At 6.8% year-over-year, the inflation figure came in slightly above a Dow Jones estimate of expectations of 6.7%.
Meanwhile, the so-called core consumer price index (Core CPI), which excludes
Read more on cryptonews.comAbout this in other media
Holiday Spending Expected to Be Strong, Fueled by Solid Demand, Rising Inflation wsj.com /3 years ago
El Salvador’s Bitcoin City and why it could be a ‘pretty attractive opportunity’ ambcrypto.com /3 years ago
Cryptocurrency Prices today on December 13: Bitcoin rises marginally while Ethereum, Cardano fall moneycontrol.com /3 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
