Gabe Selby, head of research at CF Benchmarks, told CoinDesk that bitcoin moves hardest when inflation data forces a rethink on rates, gaining an average 3.25% across the three occasions in the past nine releases when inflation came in below expectations. A downside surprise on July 14 was followed by a 4.24% rally. “An in-line […]
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$113,974.60 is up around 1.4% in the past 24 hours as investors await key inflation data in the U.S., which could shape expectations for a much-discussed interest-rate cut by the Federal Reserve. Before that hits though, the European Central Bank announces its own interest-rate decision. […]