Bitcoin price remains stagnant as US inflation falls and dollar weakens

03/13 14:45

Wechat scan to share

Bitcoin (BTC) showed little reaction to the gains made at the Wall Street open on March 13 as US inflation indicators continued to decline. BTC/USD was trading around $81,500, down 2.3% for the day. The Producer Price Index (PPI) for February fell below expectations, similar to the Consumer Price Index (CPI) results from the previous day. Despite cooling inflation and a weakened US dollar, both stocks and crypto remained stable. Market analysts suggest that the ongoing US trade war may intensify due to slowing inflation, leading to increased volatility in the markets.

Comments

All Comments

There are no comments yet, why not be the first?

Recommended for you

BRAYDEN LINDREA · 03/18 06:43

LIBRA memecoin orchestrators named as defendants in US class-action suit

Kelsier Ventures, KIP Protocol and Meteora have been sued in a New York court for their alleged role in the Libra token scandal, which saw around $107 million pooled from investors.
Stephen Moore · 03/18 06:32

Microsoft warns of new remote access trojan targeting crypto wallets

Microsoft’s Incident Response Team says bad actors could use StilachiRAT to steal credentials stored in the Google Chrome browser.
William Suberg · 03/18 01:49

Developer Consensus May Be Converging on a Bitcoin Soft Fork Proposal: Blockspace

For the first time in more than four years, Bitcoiners are moving forward with changes to the project's underlying software, Blockspace writes.
Coindesk · 03/17 08:50

Crypto Whale Shorts $445M in Bitcoin While Taking Bullish Bet on MELANIA Token, Hyperliquid Data Show

A group of traders looked to liquidate the giant short position in BTC but the operation failed, per observers.
Coindesk · 03/17 08:45

U.S. Treasury Secretary Bessent Calls Corrections Normal, Suggesting a Higher Pain Threshold for the 'Trump Put'

Bessent's take suggests that the "Trump put" may take longer to manifest or require more significant market declines before any action is taken.
Francisco Memoria · 03/17 06:43

Coinbase Stock Decline Can't Stop Highly Leveraged Long ETF Rollouts

The ETF allows investors to capitalize on the volatility of Coinbase's stock without directly holding shares.
Tom Mitchelhill · 03/17 06:40

How Bitdeer Is Transforming Bitcoin Mining Machines

The Singapore-based miner has big plans to shake up ASICs with a new design and a greater commitment to transparency.
Mint Blockchain · 03/17 06:36

MintID Holders Alert: Big Update on Staking Rules!

To ensure that MintID holders can manage their NFT assets more flexibly, starting from May 31, 2024, at 8:00 AM (UTC), all holders will be free to choose whether to continue staking their MintID or to unstake and retrieve their NFT.
PermaDAO · 03/17 06:36

Aolotto Dividend Mechanism Upgrade

Aolotto is a fully community-driven $1 on-chain lottery protocol, where 100% of profits are returned to the community. In Aolotto’s token model, 50% of protocol profits (equivalent to 20% of total sales) are allocated for holder dividends.
Mint Blockchain · 03/17 06:36

MintPool: Fully Participate in Staking & Restaking to Earn Generous Rewards.

With the official launch of the TGE event, Mint Blockchain’s $MINT Staking and Restaking mechanisms are the optimal choices for enhancing participation and maximizing returns.