Archive: consumer price index
How to Take a Value Investing Approach to Crypto
By Vin Narayanan on October 14, 2022
This week’s inflation news was not good. Inflation, unsurprisingly, has risen faster than expected despite the Fed’s aggressive rate hikes. The Consumer Price Index (CPI) is up 0.4% from last month, and the core CPI (which excludes highly volatile food and energy costs) is up 0.6%. Predictably, the crypto markets tanked on the news. I don’t expect inflation to disappear anytime soon. In fact, it might take some time…
The Vicious Cycle of Fuel Prices, Energy Consumption and Crypto
By Yasmin Sharbaf on October 14, 2022
Crypto Market Musings The Consumer Price Index (CPI) for the month of September is finally here, and it’s not what economists and the Fed wanted. The CPI increased 8.2% from last September and increased 0.4% month to month. The financial markets tumbled right after yesterday morning’s news. Ethereum…
It’s Time to Retire the “Bitcoin as Digital Gold” Analogy
By Vin Narayanan on October 7, 2022
Crypto Market Musings As of this writing, bitcoin is up about 3% over the last seven days and trading around $20,000. Ethereum is up about 2% over the last seven days and trading around $1,358. There’s no Fed meeting this month, so we won’t…
Regulators Try to Tighten Their Grip on Crypto
By Yasmin Sharbaf on September 23, 2022
Crypto Market Musings On Wednesday, the Fed raised interest rates for the third time this year by 75 basis points. Both the stock and crypto markets responded quickly to the aggressive rate hike. As of this writing, bitcoin is down 2.6% and trading below $19,000. Ethereum fell by…
Two Predictable Data Points Crypto Investors Can Use to Their Advantage
By Vin Narayanan on September 16, 2022
If you want to find out just how long this bear market is going to last and the market forces driving it, click here to read the report I provided to First Stage Investor members. …
Inflation Is Keeping the Crypto Bear Market Alive
By Vin Narayanan on September 15, 2022
If you’re a crypto investor, you might as well grab a Snickers bar because this bear market is not going anywhere for a while. The crypto bear market is largely being driven by the declining stock markets. The stock…
The Early Investing Podcast: While Inflation Climbs, Markets Slump
By Early Investing on September 14, 2022
The August update of the Consumer Price Index (CPI) dropped yesterday. And the news is… not great. The CPI increased 0.1% for the month and 8.3% over the past year. Excluding food and energy costs, the CPI rose 6.3% from last August. The markets slumped right…
The Crypto Rally Is Over – What’s Next?
By Yasmin Sharbaf on August 19, 2022
Editor’s Note: Vin is out of the office attending LA Tech Week. So KingsCrowd Investment Research Analyst Yasmin Sharbaf is filling in for him on this weekly crypto market update. We think you’ll be interested to hear her point of view. Crypto Market Musings Last week,…
Crypto and Public Markets Take Inflation in Stride
By Vin Narayanan on August 12, 2022
Crypto Market Musings Finally, some good news. Bitcoin is trading around $24,000 and is up by more than 4% over the last seven days. Ethereum is trading above $1,880 and is up more than 10%. This week’s inflation data triggered the rally. The consumer price index…
A Strong Dollar Drives Bitcoin’s Price Down
By Vin Narayanan on July 15, 2022
Crypto Market Musings Phew. June inflation numbers came in hot on Wednesday — and the markets mostly yawned. Bitcoin is trading (as of this writing) at around $20,000. It was trading around $21,000 last week. Ethereum is trading around $1,131. It…
New Pick: A Deliciously De-Risked DeFi Crypto
By Vin Narayanan on June 17, 2022
As expected, the crypto markets tumbled this week (and some last week as well). The timing of the downswings are fairly predictable now — whenever new inflation data or interest rate hikes hit. The bad economic news triggers a sell-off…