New Client Worth Index (CPI) values — a quantity vital for monitoring inflation in costs that customers are paying — launched by the US Bureau of Labor Statistics indicated a 3% enhance over the past 12 months. 

For January completely, the rise within the CPI was 0.5%. 

Regardless of bitcoin (BTC) usually being marketed as an inflation hedge, its relationship to inflation is extra complicated than that. At this time, BTC has fallen roughly 1.6% based on information from CoinMarketCap. 

Learn extra: Worth of eggs rising quicker than bitcoin in Trump’s America 

Nevertheless, if you happen to “zoom out” for the full 12 months that this inflation information represents, BTC has elevated by roughly 97%, a a lot bigger enhance than the relative devaluation of the greenback.

Ethereum, for its half, has seen its price fall roughly 2.5% at present however a rise of three.5% over the past 12 months. That is surprisingly near the change within the worth of the greenback.

It’s vital to notice that this worth doesn’t embody the rise in ether you may accumulate by staking.

TRUMP, the memecoin affiliated with the present president, has additionally carried out poorly on these inflation numbers, falling over 5% at present and down roughly 80% from highs.

These belongings counsel that extra issues than simply inflation drive the price of cryptocurrency belongings.

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