The main cryptocurrency courses jumped against the background of inflation expectations - Bits Media

The growth of consumer prices and inflation expectations prompted investors to look for shelter in digital assets.

Situation, developing in the market of cryptocurrency assets, illustrated the new report of the United States Statistics Bureau (BLS) About the dynamics of price growth consumer goods for the last 12 months. According to the analytical report, Generalized consumer price index (Consumer price index – CPI) increased on 7.1% excluding seasonal adjustment.

In relation to the reporting period, BLS analysts note, that a small November fall in energy prices, about 1.6%, could not positively affect the market of consumer goods. In total per year, the energy index grew by 13.1%.

The consumer price index affects the long -term assessment of purchasing power parity, as well as the monetary policy of the US Federal Reserve System. Consumer price growth usually leads to a decrease in the level of real demand and volume of retail sales, but in the short -term period, vice versa, Prices Rote reflects high consumer activity.

CPI growth can lead to an increase in the main interest rates in the United States. it, in its turn, can lead to an increase in the course of fiat currencies, since the attractiveness of investment in currency with a larger interest rate increases., which demonstrated the crypto assets market.

Over the past week, the Bitcoin course has grown on 4%, to $17672, The cost of the broadcast showed an increase on 4.6%, to $1312. Over the past day, growth has shown 1% to 3% Ripple (XPR) — $0.39; DOGE— $0.089; ADA— $0.309; MATIC— $0.921; DOT— $0.921 and nine more crypto assets of the first twenty in terms of market capitalization.

The former General Director of the BitMEX cryptoderivat platform considers, that the crypto can partially recover in 2023 year, since the "most irresponsible organizations" have already went bankrupt.