{"id":7342,"date":"2025-01-13T12:02:18","date_gmt":"2025-01-13T12:02:18","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=7342"},"modified":"2025-01-13T12:02:18","modified_gmt":"2025-01-13T12:02:18","slug":"bitcoin-slides-to-91000-ahead-of-upcoming-key-inflation-data","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=7342","title":{"rendered":"Bitcoin Slides To $91,000 Ahead Of Upcoming Key Inflation Data"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) is entering a pivotal week, as concerns over a potentially overheating U.S. economy continue to drag down <a href=\"https:\/\/www.benzinga.com\/money\/bitcoin-price-prediction\">the apex cryptocurrency<\/a>.<\/p>\n<p><strong>What Happened:<\/strong> Following a stronger-than-expected <a href=\"https:\/\/www.benzinga.com\/economics\/macro-economic-events\/25\/01\/42912480\/us-economy-adds-256000-payrolls-in-december-as-tight-labor-market-tops-forecasts-dollar-treasury-yields-spike\">non-farm payrolls report<\/a>, which showed 256,000 jobs added against a forecast of 164,000, fears of accelerated inflation have been reignited, leading to a retreat in equity markets, according to <strong>QCP Capital<\/strong>.<\/p>\n<p>The robust employment data has effectively nullified expectations of <a href=\"https:\/\/www.benzinga.com\/content\/42932732\/with-this-kind-of-data-the-fed-isnt-cutting-rates-this-year\">near-term interest rate cuts<\/a> by the Federal Reserve.<\/p>\n<p>Compounding these concerns are the prospects of potential <a href=\"https:\/\/www.benzinga.com\/news\/global\/25\/01\/42938329\/us-reportedly-probes-barriers-subsidies-and-unfair-trade-practices-by-china-in-global-shipbuilding-as-trump-tariff-threat-looms\">Trump-era tariffs<\/a>, which could further escalate inflationary pressures.<\/p>\n<p>Bitcoin is trading around $91,100 in early morning U.S. hours, down 3.4% over the past 24 hours. <\/p>\n<p><strong>Ethereum<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/eth\/usd\">ETH<\/a>) has followed king crypto lower, trading around $3,080, 5.8% down. <\/p>\n<p>Key &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/01\/42940555\/bitcoin-slides-to-91000-ahead-of-upcoming-key-inflation-data\" alt=\"Bitcoin\" slides to ahead of upcoming key inflation data>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) is entering a pivotal week, as concerns over a potentially overheating U.S. economy continue to drag down the apex cryptocurrency. What Happened: Following a stronger-than-expected non-farm payrolls report, which showed 256,000 jobs added against a forecast of 164,000, fears of accelerated inflation have been reignited, leading to a retreat in equity markets, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-7342","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7342"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/7342\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}