Markets are ignoring a hotter-than-expected inflation report and instead turning their attention to the latest signs that the U.S. labor market is faltering — a shift in focus that points…
This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.Major cryptocurrencies are looking bullish, with market leader bitcoin BTC$114,068.76 exhibiting a classic inverse head-and-shoulders breakout that…
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Soft U.S. inflation data for August is — at least temporarily — pushing crypto prices higher early Wednesday.The Producer Price Index (PPI), which measures inflation at the wholesale level, fell…
Crypto Daybook Americas will not be published on Monday due to the Labor Day holiday. It will return on Tuesday.By Omkar Godbole (All times ET unless indicated otherwise)Bitcoin BTC$108,272.38 has…
WHY IS CRYPTO DOWN? ETH LEADS CRYPTO LOWER, PCE INFLATION TODAYETH leads majors lower, BTC ETF inflows flip ETH. US partners with LINK & PYTH to put data onchain. US…
The crypto market is down today, signaling risk aversion ahead of the U.S. core PCE inflation data release, which could influence the Federal Reserve's path on interest-rate cuts.The CoinDesk 20…
Fed Chair Jerome Powell’s speech on Friday at this year's Jackson Hole Economic Policy Symposium balanced rising inflation risk against a fragile labor market, and the political calendar now raises…
According to data from the Office for National Statistics (ONS), inflation in the UK has risen to 3.8% for July. The figure represents the highest it has been in 19…
In brief
Markets slid further on Tuesday, with equities and other risk assets falling ahead of jobs and economic data.
Bitcoin was recently down 3.5% as investors awaited incoming economic data and…