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Bitcoin faces U.S. CPI test as analysts warn inflation relief may not be enough
- The Bureau of Labor Statistics releases the consumer price index Tuesday at 8:30 a.m., with forecasts showing a 0.3% increase for all items despite gasoline prices declining more than 4%.
- Chicago Fed President Austan Goolsbee warned Monday that inflation remains a primary concern, with officials worried about "sticky" price pressures in services, health insurance, and autos beyond sectors directly affected by tariffs.
- Economic growth remains strong at 3.4% with 165,000 nonfarm payrolls added in October, while markets price in an 80% probability of a rate hike at the December Federal Open Market Committee meeting.
- Bitcoin changed hands at around $74,750, down from peaks above $87,000 in early October as AI-related jitters and fading spot ETF demand weighed on the cryptocurrency.
- Investors await producer price data on Nov. 13 and Federal Reserve meeting minutes on Nov. 18. BofA economist Stephen Juneau said this report could "effectively lock in another 25bp hike.
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20 Articles
Bitcoin faces U.S. CPI test as analysts warn inflation relief may not be enough
·New York, United States
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A few hours from the American ICC of October, Bitcoin capped under 75,000 dollars. Analysts are waiting for a rebound of relief, but warn: without return of ETF flows, the recovery will remain fragile. The Bitcoin Price article: Under 75,000 dollars, the October ICC will not suffice without the ETFs appeared first on Coin Academy
Coverage Details
Total News Sources20
Leaning Left0Leaning Right2Center3Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
C 60%
R 40%
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