Archive for May 2024
Bitcoin Sees Strong Performance in May Amidst Tight Trading Range and Economic Uncertainty
Bitcoin Sees a Strong May Despite Recent Decline Bitcoin had a robust performance in May, despite a recent drop. The price of bitcoin (BTC) has hovered around $68,000 since the U.S. Memorial Day holiday, but it dipped to near the week’s low during Friday morning trading. At 11:45 am ET, bitcoin was trading at $67,300,…
April’s US CPI lower than anticipated, Bitcoin reaches $63.7K
The latest government report on April’s Consumer Price Index (CPI) showed a slight easing of inflation, with the CPI rising 0.3% compared to economist forecasts of 0.4%. On a year-over-year basis, CPI was higher by 3.4%. Core CPI, which excludes food and energy costs, also rose 0.3% in April and was higher by 3.6% on…