U.S. December CPI matched expectations at 2.7%, keeping inflation pressures contained. Bitcoin climbed above $92,000 as markets priced in a higher chance of Fed rate cuts.
Iran’s rial has plunged to roughly 1 million per US dollar amid skyrocketing inflation and sharp market swings, raising questions about whether Bitcoin can serve as a lifeline during internet blackouts.
Coinbase CEO Brian Armstrong said Bitcoin strengthens the U.S. dollar's reserve status by acting as a market-based check on inflation and excessive deficit spending. He argued crypto can constrain fiscal excess rather than replace fiat.
Binance Coin (BNB) is trading at $848.00, down 2.14% after U.S. December inflation surprised higher at 4.2%, triggering risk-off flows across crypto markets. BNB has returned to test the $850 support level amid thinner liquidity and higher volatility.
September U.S. PCE inflation printed 2.8%, matching expectations and increasing the odds of a Fed rate cut next week; Bitcoin jumped on the news and decisively cleared the $90,000 mark.
Bolivia's government is moving to adopt cryptocurrencies and stablecoins to address rising inflation, U.S. dollar shortages, and growing global competition. Officials see digital assets as tools to stabilize payments and improve access to foreign currency.
September’s U.S. PPI jumped 2.7% year-over-year, hotter than expected, sparking a sharp Bitcoin sell-off as markets scale back odds of a December Fed rate cut.
FOMC minutes showed many Fed officials oppose another rate cut this year amid rising inflation concerns, dimming expectations for a December easing. Bitcoin fell as markets adjusted to a stickier policy path.
Bitcoin slipped under $100,000 in Asian trade after hawkish remarks from Fed officials trimmed bets on a near-term US rate cut, weighing on stocks and Wall Street futures. The move signals renewed sensitivity of risk assets to inflation and policy signals.