May CPI report shows disinflation persisting as Bitcoin rises
Bitcoin is above $26k in the wake of new CPI numbers from the U.S.
James Van Straten 1 min read Macro Insights
Get CryptoSlate’s Macro insights with analysis on global markets, economics, interest rates, and how macro trends shape Bitcoin and the broader crypto sector.
CryptoSlate Insights has been discontinued. Visit News for the latest crypto news and market coverage.
James Van Straten 1 min read Latest insights
Macro
BOE faces challenge as yields skyrocket following disappointing jobs report
UK yields continue to sky rocket, as the two year yield hits its highest level since 2008
Macro
Markets anticipate rate hike ‘skip’ at FOMC meeting
The CPI report is due later today - forecasted yoy 4% rate is significantly below April's actual 4.9%.
Macro
US unemployment rate under 4% for longest stretch since 1970s
Unemployment rate has been below 4% for over fifteen months, according to Charles Schwab
Macro
Equities pivot from crypto, metaverse to AI
Yearly performance sees the Nasdaq up 35%, S&P 500 up 12%.
Macro
Coinbase outlook downgraded from stable to negative – Moody’s
This rating outlook follows the SEC lawsuit that occurred on June 6.
Macro
Eurozone enters technical recession
Eurozone entered a technical recession in Q1 2023
Bitcoin
Turkish Lira implodes, as Bitcoin and dollar appreciate against it
Even with BTC down 8% against the dollar in the past month, it is up against the Turkish Lira
Macro
Coinbase drops 15% in pre-market trading after SEC lawsuit
Bitcoin dropped 1% on the news of the Coinbase, SEC lawsuit
Macro
Is UBI coming for the United Kingdom?
Reports have emerged that in the United Kingdom, Universal Basic Income (UBI) will be trialed in two places in England
Macro
U.S. unemployment rate comes in at 3.7%, Bitcoin holds $27K
U.S. unemployment rate was forecasted to come in at 3.5% but came in 3.7%
Macro
Short term crypto outlook turns negative as U.S. passes Debt Ceiling Bill
The total federal debt is expected to reach $36 trillion by January 2025.
Macro
Eurozone inflation data trends for core CPI, unemployment remain strong
Core CPI stays firm, unemployment stays low, CPI declines