Crypto Stocks, Nvidia Rise Alongside Bitcoin Ahead Of US CPI

Quick Summary:

Bitcoin (BTC) is back above $56,000, having dropped below $54,000 over the weekend following a weak August jobs report that suggested the US economy was still at risk of a recession.

Alongside BTC price, crypto stocks have also experienced a notable rebound.

In addition to providing insights into the current state of the US economy, these inflation data will suggest what steps the US Federal Reserve will likely take at its anticipated FOMC meeting between September 17 and 18 next week.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Boluwatife Adeyemi

Category: Crypto

Markets: India

Topics: Bitcoin Microstrategy Coinbase (COIN) Bitcoin News Crypto stocks 24/7 Cryptocurrency News NVIDIA

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-09 @ 17:08:03 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 562 words

Reading Time: 4 minutes read

Sentences: 39 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22428981

View Article Analysis

About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 29 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

Publisher Details

Frequently Asked Questions