Bitcoin Smashes $99,000 as Inflation Rises to 2.9% in December
1 day ago · The Bitcoin price immediately jumped following Wednesday’s inflation snapshot, increasing 1.9% and briefly surpassing $99,000 in around 30 minutes. Meanwhile, the price of Ethereum and Solana were also bolstered by the fresh inflation figures, rising to $3,300 and $192, respectively.. Bitcoin has held onto a significant chunk of its post-election gains, but inflation fears have eaten away at ...
Bitcoin hits $100,000 mark again following cooler U.S. inflation …
7 hours ago · Bitcoin climbed back above $100,000 on Thursday after data released on Wednesday showed that U.S. core inflation rose less than expected last month, increasing the likelihood of further rate cuts by the Federal Reserve. Overnight, data showed the consumer price index (CPI) rose in line with expectations at an annual rate of 2.9% in December, from November's 2.7%.
Bitcoin Briefly Hits $100,000 Mark as Cooling U.S. Inflation Boosts ...
5 hours ago · Bitcoin briefly touched $100,000 on Wednesday following a report showing signs of cooling U.S. inflation. This rise came amid growing optimism for risk assets, as the December Consumer Price Index (CPI) showed core inflation slowing to 3.2% year-over-year, down from 3.3% in November.
$99K and Counting: Bitcoin's Meteoric Climb Mirrors Inflation …
Easing Core Inflation, Explosive Bitcoin Rally: $224M Liquidated in 24 Hours. At 9 a.m. Eastern Time, bitcoin was trading at $98,805 per coin, having momentarily crossed the $99,000 threshold. By ...
Bitcoin approaches $100,000 on the heels of newly-released inflation …
22 hours ago · On Wednesday, the price of bitcoin continued rising, surging to over $99,000 as it looked poised to return to the $100,000 mark, driven by new inflation data.
Bitcoin rebounds to $100,000 as December inflation data puts
17 hours ago · Bitcoin rebounds to $100,000 as inflation data puts Fed rate cuts ‘back on the table’ BY Catherine McGrath. Bitcoin rose 4% on Wednesday following news of slowing inflation.
Bitcoin Price Rises After CPI Inflation Report. Why the Data …
Bitcoin prices were up after December's CPI data showed a decline in the core inflation rate.
Bitcoin and inflation: Everything you need to know - Cointelegraph
Aug 20, 2023 · Yes, cryptocurrencies experience inflation — even Bitcoin, which is often seen as “inflation-resistant.” Much like gold, Bitcoin experiences inflation as more of it is mined.
Bitcoin Inflation Rate Chart (2009-2040)
This chart shows Bitcoin's inflation since 2009 by month. For months where Bitcoin has existed, it uses the actual Bitcoin supply to calculate historical inflation. For months that have not yet happened, it shows expected inflation using an estimated block time of 10 minutes.
Bitcoin Inflation Now 75% Less Than Current US Rate Post-Halving - Forbes
May 29, 2024 · Bitcoin's inflation rate post-halving is now 75% less than current US inflation and 72% lower than gold's annual issuance. Following the April bitcoin halving, the block reward fell from 6.25...