Crypto Stocks Tumble After Bitcoin Dips on Higher-Than-Estimated Inflation

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

U.S. inflation report sends crypto stocks tumbling on concerns of Fed rate increase. Aoyon_A reports.

The shares of crypto miners, which are most exposed to the price swings of the digital currencies they mine, were the worst hit. Stocks of some of the largest, such as Core Scientific , Riot Blockchain Marathon Digital , fell more than 6% in early U.S. trading.Other stocks, such as software development firm Microstrategy and crypto exchange Coinbase , also tumbled, losing about 8%.

Traders will be using the consumer price index report as a key indication of whether the Federal Reserve is likely to raise rates by another 75 basis points, or 0.75 percentage point, when it meets next week. The S&P 500 index has fallen about 14% this year, and bitcoin has lost more than 50% as higher inflation has led the Fed to raise interest rates, causing most asset classes to decline in value.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

👋 Welcome to Baby Doge Coin Airdrop Round 2 💰 Entry Gift: 2,000,000,000 Baby Doge 👥 Gift for inviting friends: 960,000,000 Baby Doge 🎁 Receive bonus every 6 hours: 50,000,000 Baby Doge 🤖 Airdrop Bot: Don't miss you

the fact that there are crypto stocks tells me that cryptocurrency has completely failed

hazz bear market again 🥱

It's still surprising how within 2 years, crypto and stocks got so correlated. So much for diversification.

Well, you are late, those were news 2 hours ago, now buy the dip 🚀🚀🚀

usd becomes inflated why go in there? go scarce

Convert volatility with stable

saving usdt is the only way to save your money from inflation

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 291. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

European Stocks Head for Higher Open as Global Markets Await More U.S. Inflation DataGlobal markets are gearing up for the latest reading of U.S. inflation, with the August data set to be released Tuesday.
Källa: nbcchicago - 🏆 545. / 51 Läs mer »

Stocks creep higher as focus turns to U.S. inflation dataAsian stocks rose on Tuesday as traders in Korea returned from holidays in a mood to catch up on a global bounce, while other markets held steady ahead of U.S. inflation data that will offer a crucial guide to the interest rate outlook.
Källa: Reuters - 🏆 2. / 97 Läs mer »

Stocks extend winning run on optimism inflation peaking By Reuters*GLOBAL STOCKS EXTEND WINNING STREAK ON OPTIMISM INFLATION PEAKING - Buy the rumor, sell the news! 👀 wont be long. Massive drop will happen today until we reach the prwvious bottom. When everyone is in despair crypto and stock would rally to all time high before a historical bear trend to pandenmic panic era.
Källa: Investingcom - 🏆 450. / 53 Läs mer »