Crypto whales are repositioning their portfolios ahead of the November US CPI print, with a mix of buying and selling activity observed. Learn more about the market trends and what to expect.
The US Bureau of Labor Statistics will release the Consumer Price Index (CPI) data for November, which will impact the Federal Reserve’s interest rate decision in January.
Bitcoin price slips toward $86,000 as Asian markets open lower, extending a risk-off move from Wall Street’s tech-led sell-off.
Federal Reserve Governor Stephen Miran’s comments on inflation have sparked a reevaluation of interest rate bets ahead of the November CPI release, which may impact Bitcoin and crypto markets.
Gold prices are nearing their all-time high, while Bitcoin hits a historic low against the precious metal, sparking discussions of a potential rotation between the two assets amidst uncertain monetary policy and inflation concerns.
TRM Labs reports that stablecoin adoption in Venezuela is expected to rise due to the weakening Bolívar and ongoing economic instability.
Kiyosaki warns of a weakening U.S. dollar and hyperinflation, urging a shift to cryptocurrencies and alternative investments.