NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

Report Shows Crypto Assets Record Steady Growth As Inflation Lowers

Denis
Denis
3 years ago
2 mins read
Report Shows Crypto Assets Record Steady Growth As Inflation Lowers

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The United States’ newest release on its inflation rate for July has created a celebration reason for many, especially the crypto sector. According to the Department of Labor publication, the July customer price index (CPI) report dipped to 8.5%. This was against its last year’s value of 9.1%.

With the report’s release, many people have expressed their recommendations for the Biden Administration and their shock. Some confessed that they have expected to see a spike in inflation due to some of the prevailing factors at the moment. They mentioned that the ongoing Ukraine-Russia war and price increase in goods were expected to play a role.

US President Joe Biden has reacted to the great news of the CPI report. Commenting from the White House, he maintained that the news shows that the economy ran with zero percent inflation for July.

Related Reading: APECoin Retraces 2.5% In Last 7 Days – More Selloff In The Offing?

President Biden further mentioned that their approach to controlling inflation yields positive results. Hence, he encouraged Congress to pass the inflation Reduction Act. This will help to build an economy that would reward hard work.

In the past six months, the US reported a negative GDP value for the two quarters of the year. Inflation also rose within the period, as indicated by the high-priced economy.

The report pointed out the monthly energy cost reduction that hit 4.6%. The value contradicts that of 2021, which gave a climbing curve to be at 32.9%. On the part of food expenses, there is a continuous uptrend.

The report recorded an 11% increase for July and a 10.9% rise on a year-over-year basis. Pundits reported that this value stands as the highest surge since May 1979.

Report Shows Crypto Assets Record Steady Growth As Inflation Lowers
Cryptocurrency market trends downwards | Source: Crypto Total Market Cap on TradingView.com

Gasoline prices dipped by 7.7% monthly to give drivers a little aid. However, it remained higher than the value for 2021 by 44%.

Crypto Market Followed An Uptrend

In a new development, the crypto market is making positive progress in price and value. However, the crypto space has been in shamble due to the impact of the crypto winter and other combining factors.

In addition, the geopolitical climate and macro influences had been quite unfavorable. As a result, bitcoin and most major crypto assets experienced drastic price drops over the first half of 2022.

Related Reading: Polkadot (DOT) To Retest $9.88 Resistance – Can Bulls Regain Solid Footing?

While expecting the CPI July report, many cryptocurrencies dropped on August 9. On its part, BTC plummeted by 4% to trade at $23,100. This sudden downward move was after it hit the $24,000 level as of Monday. For Ethereum, the drop went below 5%.

But the market prices are making a bounce with most assets moving uptrend. For example, while Bitcoin has climbed above $24,200, Ethereum is increasing slightly beneath $1,900 at the time of writing.

Featured image from Phemex, Chart from TradingView.com
Tweet123Share196ShareSend
Denis
Denis

Denis

Denis is a passionate writer and editor and he's been writing in finance industry for almost 6 years.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

ethereum, ethereum koers, altcoins, bull run, eth koers, solana

Ethereum whales en $2,5B Solana vraag zetten september altcoin rally in gang

De cryptomarkt lijkt optimistisch aan deze week begonnen te zijn nadat grootheden zoals XRP en Solana al meerdere procenten aan...

Lars Diederiksen 2 hours ago
3 nové kryptoměny s 1000 _ potenciálem

3 zbrusu nové kryptoměny, které mohou do října vystřelit o 1 000 %

Kryptotrh je opět v pohybu a investoři hledají nové příležitosti, jak znásobit své zisky. Vedle zavedených hráčů, jako je bitcoin...

Lenka Hanzlíková 2 hours ago
비트코인 채굴자 하루 35만 달러 수익… 페페노드 채굴 솔루션 성공할까?

비트코인 채굴자 하루 35만 달러 수익… 페페노드, 밈코인 채굴의 혁신?

지난 일요일, 한 개인 채굴자가 비트코인 네트워크에서 3.13 BTC(약 34만 7,872달러)를 직접 채굴하는 데 성공했다. 이는 이번 달 들어 개인이 블록체인에서 독자적으로 블...

Soyeon Lee 2 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin to $200K? Fundstrat’s Tom Lee’s Bold Bitcoin Forecast Fuels Bitcoin Hyper Presale Surge

Bitcoin to $200K? Fundstrat’s Tom Lee’s Bold Bitcoin Forecast Fuels Bitcoin Hyper Presale Surge

Aaron Walker 2 minutes ago
Whales Are Buying Solana: Two Wallets Pull 376K Tokens From Binance

Whales Are Buying Solana: Two Wallets Pull 376K Tokens From Binance

Sebastian Villafuerte 23 minutes ago
Bitcoin Market Absorbs Supply In Batches: VDD Highlights Mature Bull Phase

Bitcoin Market Absorbs Supply In Batches: VDD Highlights Mature Bull Phase

Sebastian Villafuerte 1 hour ago

Premium Sponsors

Press Releases

  • 10ドル到達は夢か?プロジェクトが直面する厳しい現実

    パイネットワーク...

    12 minutes ago
  • ChatGPT-5 избира два криптовалутни проекта, които могат да превърнат 100 $ в 1.000 $ до 2026 година

    ChatGPT-5 избира два криптовалутни...

    59 minutes ago
  • ChatGPT-5 alege două criptomonede care pot transforma 500 RON în 5.000 RON până în 2026

    ChatGPT-5 alege două criptomonede care pot transforma 500...

    1 hour ago
  • ChatGPT-5 избира два криптовалутни проекта, които могат да превърнат 100 $ в 1.000 $ до 2026 година

    ChatGPT-5 bira dva kriptovalutna projekta koja mogu...

    1 hour ago
  • Cách Mua Bitcoin Hyper ($HYPER)

    Chuyên Gia Gọi Tên TIBBIR và SAPIEN: Liệu Meme Coin...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.