The coins are soaring on Tuesday morning after the latest inflation report. Bitcoin has hit a new nine-month high, briefly crossing $26,000 and rising a whopping 10% over the past day. Strangely, though, inflation is still alive and well. Today’s print showed the CPI has risen 6% since last February, far above the Fed’s 2% target. But with last week’s banking chaos still fresh in investors’ minds, raising rates again to quell inflation could cause even more damage to the weakened sector.
Attend hack.summit() for free! hack.summit() is a massive blockchain virtual event, from the comfort of your home March 31-April 1. An unprecedented line-up of blockchain leaders are speaking — a great opportunity to learn!
We’ve negotiated free passes for the Decrypt community to attend using promo code DECRYPT.
