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What In The World Is Going On With Bitcoin Cash Today? – Bitcoin Cash (BCH/USD)

October 12, 2022
in Bitcoin Cash
0

Bitcoin Cash BCH/USD is trading lower by 7.04% to $119.80 during Tuesday’s session after August CPI data showed worse-than-expected inflation. This has driven a risk-off sentiment and has also raised the potential for further Fed policy tightening to curb inflation.

Cryptocurrencies have been seen by some investors as a speculative hedge against inflation and the Fed’s plans to curb inflation could weigh on the broader cryptocurrency sector.

What Happened?

According to data from the U.S. Bureau of Labor Statistics, the headline CPI rose 8.3% in August, down from 8.5% in July. The August CPI reading came in above average economist estimates of 8%.

Core inflation, which excludes volatile food and energy prices, was up 6.3% in August, above average economist estimates for a 6.1% gain…Read More

See Also: Here’s How Much You’d Have Right Now If You Invested $1,000 In Apple Shares When Steve Jobs Resigned As CEO In 2011

This news is republished from another source.


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Name Price
bitcoin
Bitcoin (BTC)
$23,108.00
ethereum
Ethereum (ETH)
$1,590.39
USDEX
USDEX (USDEX)
$1.08
tether
Tether (USDT)
$1.00
usd-coin
USD Coin (USDC)
$1.00
binancecoin
BNB (BNB)
$307.64
ripple
XRP (XRP)
$0.411539
binance-usd
Binance USD (BUSD)
$1.00
cardano
Cardano (ADA)
$0.386517
dogecoin
Dogecoin (DOGE)
$0.088639


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