Bitcoin’s price touched the $65,000 barrier, trading at $64,961.60 as of 11:38 AM ET on May 15, 2024, representing a over 5% increase over the past 24 hours.
However, the cryptocurrency has faced downward pressure from regulatory threats and a decline in capital inflows into crypto investment products. Additionally, Bitcoin’s recent halving event, which reduced the per-block coin emission to 3.125 BTC, has influenced miner profitability and overall market dynamics.The CPI for All Urban Consumers rose by 0.3% in April 2024, a slight decrease from the 0.4% increase recorded in March. Year-over-year, the all-items index increased by 3.
The April CPI data has raised hopes for potential Fed rate cuts, although current inflation levels and economic growth still warrant caution. Moreover, CPI data affects consumer confidence and spending patterns, which are critical for economic health and investment climates.Bitcoin’s price often responds to inflation data and monetary policy signals, as some investors perceive it as a hedge against inflation.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Crypto_Potato - 🏆 568. / 51 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Source: FXStreetNews - 🏆 14. / 72 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »
Source: Investingcom - 🏆 450. / 53 Read more »