US inflation hits 40-year high
In the month of March, the consumer price index, the CPI-U, rose 1.2%, according to the most recent data released by the US Bureau of Labor Statistics. This is the largest monthly increase since COVID-19 began and represents a maximum of 40 years.
Compared to this time last year, the March 2022 CPI-U is 8.5% higher than March 2021 and is also higher than February 2022, which was 1% lower than March.
The index for all items except f…
Crypto Market Sheds $134 Million in Bearish Week
This is the second bloodiest week of outflows this year after the $269 million outflows in the week ending January 10. The latest weekly outflow is almost 1.5 times higher than the weekly average of $94 million so far this year.
CoinShares, a cryptocurrency asset manager found that the digital asset market lost $134 million in profit-taking in the week ending April 8. Bitcoin contributed a major $132 million out of the total investment out…