1. Home
  2. inflation

inflation

US Inflation ‘Nightmare’ Remains Sticky as January Price Hikes Unsettle Markets

US Inflation ‘Nightmare’ Remains Sticky as January Price Hikes Unsettle MarketsFresh economic indicators from the U.S. Bureau of Labor Statistics reveal persistent inflationary pressures, with January’s pricing trends for household staples and essential services climbing 0.5% above December’s figures. Something Has Got to Give—Stubborn Inflation and Record-Low Reverse Repo This incremental yet stubborn rise reflects the ongoing challenge of cooling price elevations across foundational consumer […]

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Analysts eye Bitcoin rally after bullish CPI print

Sustained outperformance may hinge on whether US President-elect Donald Trump implements pro-crypto policies once he takes office on Jan. 20.

Cryptocurrency analysts are turning bullish after favorable US inflation data sent Bitcoin (BTC) surging some 3% amid hopes of more interest rate cuts. 

On Jan. 15, the US Consumer Price Index (CPI) report tipped lower-than-expected core inflation in December, causing Bitcoin’s spot price to rally from around $96,000 to nearly $100,000. Other assets, including stocks and gold, also surged. 

Futures markets assign a roughly 30% chance of the Federal Reserve, America’s central bank, cutting interest rates in March, according to CME FedWatch. Rate cuts generally benefit crypto.

Read more

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Oklahoma senator introduces Bitcoin Freedom Act for BTC payments

“If Washington D.C. can ruin something, it likely will. And it is certainly ruining the US Dollar,” said Senator Deevers after introducing the bill.

Republican senator for Oklahoma, Dusty Deevers, has filed legislation that would allow employees and residents in the state to opt to receive payment and salaries in Bitcoin (BTC) and enable vendors to accept BTC payments.

“In a time when inflation is eroding the purchasing power of hard-working Oklahomans, Bitcoin provides a unique opportunity to protect earnings and investments,” said Deevers after introducing the Bitcoin Freedom Act on Jan. 8.

“As Bitcoin continues to rise and the value of the dollar continues to be printed away in Washington D.C., Oklahoma must act to protect our people,” he added. 

Read more

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Bitcoin ‘debasement trade’ is here to stay: JPMorgan

Investors are boosting Bitcoin allocations as a hedge against geopolitical uncertainty, the bank said.

The so-called “debasement trade” into gold and Bitcoin (BTC) is “here to stay” as investors brace for persistent geopolitical uncertainty, according to a Jan. 3 research note by JPMorgan shared with Cointelegraph.

Gold and BTC “appear to have become more important components of investors’ portfolios structurally” as they increasingly seek to hedge against geopolitical risk and inflation, the bank said, citing the “record capital inflow into crypto markets in 2024.”

The debasement trade refers to increasing demand for gold and BTC due to factors ranging from “structurally higher geopolitical uncertainty since 2022, to persistent high uncertainty about the longer-term inflation backdrop, to concerns about ‘debt debasement’ due to persistently high government deficits across major economies,” among others, JPMorgan said.

Read more

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Interest Rates Should Be Higher for Longer Amid Inflation Uncertainty, According to Richmond Fed President

Interest Rates Should Be Higher for Longer Amid Inflation Uncertainty, According to Richmond Fed President

One of the Federal Reserve’s decision-makers says that the risk of an inflationary wave in 2025 is higher than most investors realize. Speaking with the Maryland Bankers Association in Baltimore, Thomas Barkin, President of the Federal Reserve Bank of Richmond, says he thinks “there is more upside risk than downside risk” to inflation given the […]

The post Interest Rates Should Be Higher for Longer Amid Inflation Uncertainty, According to Richmond Fed President appeared first on The Daily Hodl.

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Here’s the Catalyst That Could Ignite Bitcoin Explosion to $500,000, According to Macro Guru Luke Gromen

Here’s the Catalyst That Could Ignite Bitcoin Explosion to 0,000, According to Macro Guru Luke Gromen

Investor Luke Gromen believes that the winds are shifting in the US, creating conditions that could boost Bitcoin (BTC) to price levels never seen before. In a new interview on the Julia La Roche Show, the macro guru says he has “very high conviction” that policymakers in the US will weaken the dollar this year […]

The post Here’s the Catalyst That Could Ignite Bitcoin Explosion to $500,000, According to Macro Guru Luke Gromen appeared first on The Daily Hodl.

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Top 5 Bitcoin critics unfazed by $100K BTC milestone

Even with Bitcoin surging past $100,000 for the first time, some critics have remained skeptical about the cryptocurrency’s future.

Bitcoin, the world’s largest cryptocurrency by market capitalization, is no stranger to criticism from economists, politicians, bankers and investors.

Since its launch in 2008, Bitcoin (BTC) has been subject to countless hateful and skeptical reviews, with some critics calling it a scam or prophesying that Bitcoin is poised to go to zero.

As Bitcoin has grown and matured in the past few years, some critics have reinvented themselves as Bitcoin lovers, while others have dialed back their reasons for disliking the cryptocurrency.

Read more

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Out-of-Control Surge in US National Debt Fueling Bitcoin Rallies, Says Anthony Pompliano

Out-of-Control Surge in US National Debt Fueling Bitcoin Rallies, Says Anthony Pompliano

The founder of venture capital firm Pomp Investments says that mounting US national debt is helping push Bitcoin (BTC) to new heights. In a new interview with Fox Business, longtime crypto bull Anthony Pompliano says that as long as the US government keeps the money printers on, the top crypto asset by market cap will […]

The post Out-of-Control Surge in US National Debt Fueling Bitcoin Rallies, Says Anthony Pompliano appeared first on The Daily Hodl.

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Majority of Americans Say Inflation Will Make Santa ‘Less Generous’ This Holiday: Survey

Majority of Americans Say Inflation Will Make Santa ‘Less Generous’ This Holiday: Survey

A new survey suggests most Americans are having a tougher time than usual buying gifts this holiday season. In its new Holiday Shopping Survey, WalletHub surveyed 210 individuals and then normalized the results by age, gender and income to accurately reflect U.S. demographics. The results paint a relatively bleak picture of the American consumer. According […]

The post Majority of Americans Say Inflation Will Make Santa ‘Less Generous’ This Holiday: Survey appeared first on The Daily Hodl.

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist

Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

Massive ,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply

China just discovered a massive trove of gold worth $83 billion, according to state-run media. The gold was found in central Hunan province and according to the region’s geological bureau, it is estimated to weigh about 1,000 tonnes, reports Xinhua news. Prospectors say many of their core drillings show visible gold, with dozens of veins […]

The post Massive $83,000,000,000 Pile of Gold Discovered in China – Here’s How Much It Will Increase Supply appeared first on The Daily Hodl.

North Korea’s Lazarus Group’s Sophisticated Tactics Behind $1.46B Bybit Crypto Heist