CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

economy

CDCROP: Shopping trolley The latest inflation data is due on Thursday morning (Kinga Krzeminska/Getty Images)

US Consumer Price Index for September Could Provide Push for Bitcoin to Break Out of Its Recent Range

The world’s largest cryptocurrency has been trading in a range between $18,000-$22,400 since the start of September.

By Lyllah Ledesma

Oct 12, 2022 at 6:01 p.m. UTC

Oct 12, 2022

CPIInflationEquitiesBitcoinrisk assetJP MorganUSEconomy

CDCROP: New Bitcoin Ekasi Center launched in South Africa. (Courtesy of Bitcoin Ekasi)

South African Non-Profit Bitcoin Ekasi Opens Education Center

The center will educate residents of Mossel Bay on bitcoin, finance and other subjects.

By Frederick Munawa

Oct 11, 2022 at 8:07 p.m. UTC

Oct 11, 2022

BitcoinEconomySouth Africa

CDCROP: Frank Downing, director of research at Ark Invest / Steven McClurg, co-founder of asset management firm Valkyrie (ARK Invest/Valkyrie)

Valkyrie Funds, Ark Invest Say Crypto Has Hit ‘Bottom’ Amid Recession Woes

Frank Downing, director of research at Ark Invest and Steven McClurg, co-founder of asset management firm Valkyrie, joined “First Mover” to discuss the state of crypto, the economy and their respective crypto-focused separate managed accounts.

By Fran Velasquez

Oct 7, 2022 at 6:53 p.m. UTC

Oct 7, 2022

BitcoinRisk ManagementCoinDesk TVS&PNasdaqInvestingEconomyFederal Reserve

Markets

Crucial US Jobs Report Could Test Fed's Resolve, Bitcoin's Resilience

Friday's report from the U.S. Labor Department on nonfarm payrolls is expected to show an addition of 250,000 jobs in September, a slowdown from the 315,000 reported for August.

By Helene Braun

Oct 5, 2022 at 7:57 p.m. UTC

Oct 5, 2022

MarketsBitcoinTradingInvestingFederal ReserveInflationU.S.Economy

U.S. Federal Reserve building in Washington, D.C.

Markets

Fed Hikes Rates to Highest Since 2007; Bitcoin Slides Toward $19K

This is the third consecutive time that members of the Federal Open Market Committee raised rates by 75 basis points, signaling how serious inflationary pressures have gotten in the U.S. The bitcoin market doesn't like it.

By Helene Braun Krisztian Sandor

Sep 21, 2022 at 6:15 p.m. UTC

Sep 21, 2022

MarketsFederal ReserveInterest RatesEconomicsEconomyInflationTradingInvestingUS

(Malte Mueller/Getty Images, modified by CoinDesk)

Podcasts

The breakdown

Markets Plummet as Inflation Comes In Hot

Core inflation went up more than twice as much as economists anticipated.

By Nathaniel Whittemore

Sep 13, 2022 at 8:56 p.m. UTC

Sep 13, 2022

The BreakdownPodcastsInflationEconomy

CDCROP: Bread (Creative Commons, modified by CoinDesk)

Markets

Bitcoin

Path Forward for Crypto Gets Tougher After US CPI Report Comes in Hot

It's becoming a game of Whac-A-Mole for the Federal Reserve to keep consumer prices from shooting up. That might mean an aggressive-for-longer stance on monetary policy, ostensibly a negative driver of prices for risky assets from stocks to cryptocurrencies.

By Omkar Godbole

Sep 13, 2022 at 4:24 p.m. UTC

Sep 13, 2022

BitcoinMarketsEconomyInflationFederal Reserve

A new report by the Labor Department shows that hiring is still robust. (Clem Onojeghuo/Unsplash)

Markets

US Job Growth Slowed in August; Bitcoin Gains

The report is one of the last major economic data points the Federal Reserve will see before its September monetary policy meeting.

By Helene Braun

Sep 2, 2022 at 12:46 p.m. UTC

Sep 2, 2022

MarketsBitcoinFederal ReserveEconomyJobsUS

CDCROP: Editorial, business and work, office (Alex Kotliarskyi/Unsplash)

Markets

United states

Bitcoin, Ether Consolidate as Traders Eye US Jobs Report to Gauge Next Fed Rate Hike

Instead of weighing the broader path for interest rates or the terminal rate, markets are trading the odds on the Fed's Sept. 21 decision: 50 bps or 75 bps, one trading firm said.

By Omkar Godbole

Sep 2, 2022 at 7:54 a.m. UTC

Sep 2, 2022

United StatesJobsEconomyMarkets