Inflation

Crypto Price Today: Bitcoin Price Rises Alongside Several Altcoins as Inflation Data Spurs Speculation on Interest Rate Cut

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Bitcoin price on Friday rose by 5.56 percent and the digital asset is currently trading at around $69,196 (roughly Rs. 57.7 lakh) on Indian cryptocurrency exchanges like WazirX and CoinSwitch and $66,155 (roughly Rs. 55.2 lakh) on foreign exchanges like Binance. Earlier this week, the US Labor Department’s Bureau of Labor Statistics released the consumer … Read more

Traders Cash Out Amid Crypto Pullback and Inflation Concerns

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BNB fell nearly 2% over the past 24 hours as crypto traders rushed to lock in profits, with the token dropping to now trade around the $680 mark after briefly touching $700. The slide mirrors broader market jitters after bitcoin surged to a record above $120,000, prompting a wave of profit-taking that brought the cryptocurrency … Read more

BTC, ETH Traders Bet Big as Tuesday’s U.S. Inflation Seen as No Match to Bitcoin Bull

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Traders are betting big on bitcoin and ether (ETH) as the BTC rally rages on, and observers downplay Tuesday’s U.S. inflation data as a potential barrier for the bull. BTC, the leading cryptocurrency by market value, rose to record highs above $121,000 during Monday’s Asian trading hours, representing a 2.7% gain on a 24-hour basis. … Read more

Bitcoin Hits New Record High Above $120K as U.S. Inflation Data Looms

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Bitcoin rose past $120,000 for the first time on record, taking the year-to-date gain to 28%. BTC is currently trading above $121,000 as of midday Hong Kong time, according to CoinDesk market data. (CoinDesk) The move follows President Donald Trump’s decision to impose a 30% tariff on the EU and Mexico, starting Aug. 1, and … Read more

Would a Jumbo-Sized Rate Cut Spike Inflation and Serve as ‘Jet Fuel’ for Crypto?

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Bitcoin surged to $109,343 on July 9, up 0.8% over the prior 24 hours, according to CoinDesk Research’s technical analysis model. In a Truth Social post at 10:00 a.m. ET, Trump declared that the U.S. federal funds rate is “at least 3 points too high,” referring to a 300 basis point (3%) cut. He argued … Read more

PS5 Price Increased in UK, Canada, Australia, More Markets Due to High Global Inflation

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PS5 prices have been hiked by Sony in select markets, the company announced today. The Japanese tech giant has cited the global economic environment for the retail price increase. Sony added that it’s seeing high global inflation rates and adverse currency trends. The PlayStation 5 retail prices in select markets of Europe, Middle East, Africa, … Read more