What is CPI? Consumer Price Index (CPI) is a measure of inflation that tracks the trend of changes in prices of goods and services. Therefore, when CPI data is released, it can affect market sentiment and impact the prices of various assets, including stocks, precious metals, and even Bitcoin. The simple logic is this: if…
Tag: bitcoin
Bitcoin Halving: Understanding its Impact on the Future of Cryptocurrency
The Bitcoin halving, also known as the “halvening,” is a key event in the history of the world’s first and largest cryptocurrency by market capitalization. It is an event that occurs roughly every 210,000 blocks, or roughly every four years, where the number of newly minted bitcoins awarded to miners for verifying transactions on the…