Decentral Block Post

Crypto and stock markets are feeling the pain after the Sept. 13 inflation report printed an unexpectedly hot figure that showed headline inflation rising by 0.1% month-over-month.

Even with gas prices falling to multi-month lows and a cooling housing market, core inflation saw a 0.6% month-over-month bump and year-to-year inflation sits at 8.3%.

While market participants and investors had estimated the next Federal Reserve interest hike to be a hefty 0.75 basis points, many also subscribed to a loosely held assumption that Sept. 13’s CPI report would come in softer than projected.

Given that the market had supposedly “priced in” a 0.75 bps hike, crypto traders expected Bitcoin, Ether and select altcoins to break out to the upside.

Well, obviously the complete opposite occurred.

Crypto and stock markets are feeling the pain after the Sept. 13 inflation report printed an unexpectedly hot figure that showed headline inflation rising by 0.1% month-over-month.

Even with gas prices falling to multi-month lows and a cooling housing market, core inflation saw a 0.6% month-over-month bump and year-to-year inflation sits at 8.3%.

While market participants and investors had estimated the next Federal Reserve interest hike to be a hefty 0.75 basis points, many also subscribed to a loosely held assumption that Sept. 13’s CPI report would come in softer than projected.

Given that the market had supposedly “priced in” a 0.75 bps hike, crypto traders expected Bitcoin (BTC), Ether (ETH) and select altcoins to break out to the upside.

Well, obviously the complete opposite occurred.

On this week’s “The Market Report” show, Cointelegraph’s resident experts discuss the significance of the Ethereum Merge, the latest CPI data, important things to know in Bitcoin (BTC) this week and altcoins analysis.

To kick things off, we broke down the latest news in the markets this week.

Bitcoin price sheds $1K in 3 minutes as U.S. CPI inflation overshoots. Bitcoin's 4% losses swiftly ensue as inflation fails to cool as quickly as hoped for, resulting in a wave of sell-offs for the crypto market. We do a deep dive into what the data means and the implications on the wider market. Does this mark the end of the recent price pump we saw earlier this week or will we rebound once things settle down? We take a look at what President Joe Biden had to say about the latest CPI data and also what Crypto Twitter is discussing about the matter. Lots to unpack here so make sure you stay tuned as we break down the information for you.

The Fed, the Merge and $22K BTC — 5 things to know in Bitcoin this week. A bullish weekly close sees Bitcoin tackle realized price while analysts speculate on major volatility in the coming days. With the new CPI data causing the price of Bitcoin to fall, can the Merge bring some relief to the markets or will it cause further downside? We also do a deep dive into the Ethereum Merge and explain why it is such a significant event in crypto's history and why you should be keeping a close eye on the developments. We also highlight certain scams you need to be aware of to keep yourself safe.

Price analysis: ADA, SOL, and MATIC. Our experts take a look at a few altcoins that have been making some interesting moves this week. They analyze the charts and make a case for where the price could possibly go. So make sure you stick around because you don't want to miss this vital information.

Bitcoin (BTC) fell further after the Sept. 13 Wall Street open as the dust settled on unexpectedly high United States inflation.

BTC price eyes 9% daily losses

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD giving up $21,000, down up to 8.45% on the day.

Bearish tendencies set in after the U.S. Consumer Price Index (CPI) print for August arrived 0.2% higher than expected.

This, in turn, boosted the likelihood of a 75 or 100-basis-point key rate hike next week by the Federal Reserve — something that would pressure already creaking risk-asset markets.

Bitcoin proved especially sensitive to the event, with downside nonetheless contained by anticipated support at $20,800.

Solana (SOL) ticked higher on Sep. 13, mirroring similar upside moves in the broader cryptocurrency market, led by Bitcoin (BTC) and Ether (ETH).

On the daily chart, SOL's price gained over 4% to $39, its best level in 3 weeks. The token's intraday gains came as an extension of a prevailing uptrend that has seen its price gaining 30% in just 2 weeks.

In comparison to Solana, Bitcoin and Ether underperformed, securing 16% and 22% gains in the same period. Let's look at the mix of fundamental and technicals that may have prompted SOL to rally higher.

Helium's merge with Solana

On Aug. 30, core developers behind the Helium Network, which offers decentralized wireless 5G network coverage by enabling users to become hotspots, announced a governance proposal to migrate to the Solana blockchain from its native chain. 

The Helium developers cited their "need to improve operational efficiency and scalability" while seeing Solana as an ideal fit.

Solana (SOL) ticked higher on Sep. 13, mirroring similar upside moves in the broader cryptocurrency market, led by Bitcoin (BTC) and Ether (ETH).

On the daily chart, SOL's price gained over 4% to $39, its best level in 3 weeks. The token's intraday gains came as an extension of a prevailing uptrend that has seen its price gaining 30% in just 2 weeks.

In comparison to Solana, Bitcoin and Ether underperformed, securing 16% and 22% gains in the same period. Let's look at the mix of fundamental and technicals that may have prompted SOL to rally higher.

Helium's merge with Solana

On Aug. 30, core developers behind the Helium Network, which offers decentralized wireless 5G network coverage by enabling users to become hotspots, announced a governance proposal to migrate to the Solana blockchain from its native chain. 

The Helium developers cited their "need to improve operational efficiency and scalability" while seeing Solana as an ideal fit.