Bitcoin, stocks seesaw after 0.50% ECB rate hike jolts markets
Bitcoin retested the $25,000 area, while S&P 500 had gained about 1% after plunging on ECB interest rate hike news. The ECB on Thursday surprised with a 50 basis point…
Bitcoin bounces off $23k support as stocks fall on hot PCE data
Bitcoin and crypto prices fell as markets reacted to January PCE data. The Fed’s favourite inflation measure came in hot, jolting markets lower with S&P 500 declining nearly 1.4% and…
Are BTC mining stocks still a good bet after inflation ticked up in January?
U.S. consumer prices were up a more than expected 6.4% in January. Bitcoin mining stocks still gained near 20% in the week ended Feb 19th. Mike Colonnese reiterated his bullish…
Bitcoin, stocks react to hotter-than-expected CPI data
Bitcoin price was trading sideways after hitting highs of $22,300, with major US indexes also down. The markets’ reaction comes after hotter-than-expected inflation data for the first month of 2023.…