Bitcoin traders expect Fed Chair Powell to ‘pump our bags’ and BTC to target $80K+

May 13, 2024 Coin Telegraph

Bitcoin traders expect Fed Chair Powell to ‘pump our bags’ and BTC to target K+

Historical Bitcoin performance data and investors' expectation that the Fed will “pump our bags” have traders anticipating a strong BTC price rebound.

Bitcoin (BTC) price rose 3% on May 13 as crypto traders anticipated price volatility ahead of this week’s U.S. macroeconomic data update.

Data from Cointelegraph Markets Pro and TradingView showed intraday BTC price high of $63,269 on Coinbase shortly after the Wall Street open on May 13.

This week, market participants await the United States inflation data to help determine whether the Federal Reserve will lower interest rates in 2024.

Bitcoin (BTC) Mirroring Pre-Parabolic Rally That Led to Over 1,200% Gains in 2017, According to Crypto Analyst

Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits $31 Trillion

October 5, 2022 Bitcoin.com

Fed’s Inflation Nowcasting Data Shows Future CPI Increases, US Gross National Debt Hits Trillion

$31 Trillion

A recently published forecast stemming from the Federal Reserve Bank of Cleveland’s Inflation Nowcasting data indicates upcoming U.S. consumer price index (CPI) metrics will likely be elevated. The newly predicted CPI levels were recorded the same day America’s gross national debt surpassed $31 trillion on October 4, as the country’s growing debt continues to rise […]

Bitcoin (BTC) Mirroring Pre-Parabolic Rally That Led to Over 1,200% Gains in 2017, According to Crypto Analyst

White House Reporter Says Inflation Has Become ‘Biden’s Political Nightmare’ as Critics Slam Government Spending

July 17, 2022 Bitcoin.com

Balance Sheet

While the latest Bureau of Labor Statistics Consumer Price Index (CPI) report indicates U.S. inflation has continued to print perpetual new highs, U.S. president Joe Biden is losing ground on his climate bill. The Biden administration’s recent budget negotiations and tactics toward dealing with inflation have been criticized by West Virginia’s senator Joe Manchin who […]

Bitcoin (BTC) Mirroring Pre-Parabolic Rally That Led to Over 1,200% Gains in 2017, According to Crypto Analyst

Inflation Rises Sharply in the US as Consumer Prices in March Spiked to 8.5%

April 12, 2022 Bitcoin.com

Andrew Hunter

Inflation in the U.S. continues to remain red hot as consumer prices last month increased sharply to 8.5% in March compared to the same month last year. Metrics show the Bureau of Labor Statistics’ (BLS) Consumer Price Index (CPI) spiked last month at the fastest pace since December 1981. Inflation Continues to Hammer the US […]

CPI Data