Ad
CryptoSlate on Substack
Stay ahead with crypto's key news and insights. Delivered directly, every day.
Join 90k+ subscribers
News
Polymarket blocks French users amid regulatory probe Trump’s election win revives push for comprehensive crypto reforms UK to introduce comprehensive crypto regulations in 2025 as global competition heats up Cboe unveils cash-settled spot Bitcoin options tied to ETF index Binance user base surpasses 240 million as institutional onboarding doubles
Bitcoin spikes to $18,000 on better than expected CPI data Bitcoin spikes to $18,000 on better than expected CPI data Samuel Wan · 2 years ago · 1 min read
News ▸ ▸ ▸ Macro

Bitcoin spikes to $18,000 on better than expected CPI data

The price of Bitcoin jumped to $18,000 on news of better than expected consumer inflation data.

Samuel Wan
Dec. 13, 2022 at 1:42 pm UTC
1 min read
Updated: Dec. 13, 2022 at 1:49 pm UTC
Bitcoin spikes to $18,000 on better than expected CPI data

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

The release of November’s Consumer Price Index (CPI) data showed inflation at 7.1% year-on-year (YoY). This came in better than the estimated 7.3% figure.

Bitcoin spiked 2.6% on the news and was trading just short of $18,000, as of press time.

Bitcoin 5 minute chart
Source: BTCUSDT on TradingView.com
Posted In: , , Macro
Author

Samuel Wan

Analyst at CryptoSlate

Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.

Latest US Stories
Trump’s election win revives push for comprehensive crypto reforms

Trump’s election win revives push for comprehensive crypto reforms

Regulation 9 hours ago

Commissioner Mark Uyeda defends the creation of regulatory sandboxes, as a CFTC committee advises usage of tokenized funds' shares as collateral for derivatives trading.

Blockchain Association urges Trump to tackle crypto reform in first 100 days

Blockchain Association urges Trump to tackle crypto reform in first 100 days

Regulation 11 hours ago

The association sent a letter with five priorities to the President-elect, including regulatory clarity and ending crypto firms' "debanking."

Cboe unveils cash-settled spot Bitcoin options tied to ETF index

Cboe unveils cash-settled spot Bitcoin options tied to ETF index

ETF 12 hours ago

The new options product will begin trading on Dec. 2.

Institutions using Bitcoin to support pension funds, adding BTC to loans

Institutions using Bitcoin to support pension funds, adding BTC to loans

Adoption 16 hours ago

Combining traditional real estate loans with Bitcoin collateral offers a novel hedging strategy against inflation for pension funds.

Latest Bitcoin Stories
VanEck maintains $180,000 Bitcoin target as bull market gains steam

VanEck maintains $180,000 Bitcoin target as bull market gains steam

Crypto 8 hours ago

As Bitcoin indicators remain bullish, the asset manager keeps its target for another month.

Cboe unveils cash-settled spot Bitcoin options tied to ETF index

Cboe unveils cash-settled spot Bitcoin options tied to ETF index

ETF 12 hours ago

The new options product will begin trading on Dec. 2.

Institutions using Bitcoin to support pension funds, adding BTC to loans

Institutions using Bitcoin to support pension funds, adding BTC to loans

Adoption 16 hours ago

Combining traditional real estate loans with Bitcoin collateral offers a novel hedging strategy against inflation for pension funds.

Weak euro fuels Bitcoin’s standout performance in Eurozone

Weak euro fuels Bitcoin’s standout performance in Eurozone

Alpha 21 hours ago

Currency fluctuations enhance Bitcoin gains, with BTCEUR leading due to euro's depreciation.

Latest Alpha Market Report
Polymarket: A revolution in prediction markets
Available exclusively via

Polymarket: A revolution in prediction markets

Andjela Radmilac · 4 hours ago

CryptoSlate's latest report dives deep into Polymarket's evolution, its pivotal role in high-stakes prediction events like US elections, and the implications of its controversies on its market position.

Latest Press Releases
View All

Commitment to Transparency: The author of this article is invested and/or has an interest in one or more assets discussed in this post. CryptoSlate does not endorse any project or asset that may be mentioned or linked to in this article. Please take that into consideration when evaluating the content within this article.

Disclaimer: Our writers' opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

Featured Story

Advertise Here

In this article

Bitcoin BTC (24h)
$98,838.47 -0.09%
Vol: $72.63B MCap: $1.96T

Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.

More about Bitcoin
 Ad
CryptoSlate on X x.com/cryptoslate
Join our X community for real-time crypto news and expert insights.
Follow @cryptoslate
 Ad