Geopolitics Alpha

Bitcoin faces U.S. CPI test as analysts warn inflation relief may not be enough

Published . Updated .

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GEOPOLITICS ALPHABitcoin faces U.S. CPI test asanalysts warn inflation relief maynot be enoughGEOPOLITICS ALPHA

This report is about inflation and prices and crypto.

Directly affected

  • No company is named in this report.

Indirectly affected

  • TIP iShares TIPS Bond ETF-0.3% 30d

    iShares TIPS Bond ETF: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • XLP Consumer Staples Select Sector SPDR-2.0% 10d

    Consumer Staples Select Sector SPDR: it is a common hedge when prices rise. Linked by “inflation” (inflation and prices) in this story.

  • IBIT iShares Bitcoin Trust-8.0% 30d

    iShares Bitcoin Trust: it follows bitcoin. Linked by “bitcoin” (crypto) in this story.

  • WMT Walmart+20.2% 30d

    Walmart (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • COST Costco Wholesale+14.1% 30d

    Costco Wholesale (variety stores): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • COIN Coinbase Global-29.8% 30d

    Coinbase Global (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

  • PG The Procter & Gamble+11.5% 30d

    The Procter & Gamble (soap, detergents, cleang preparations, perfumes, cosmetics): big consumer-goods sellers feel price rises in costs and shopper demand. Linked by “inflation” (inflation and prices) in this story.

  • MSTR Strategy-16.4% 30d

    Strategy (finance services): crypto firms' revenue moves with crypto prices and rules. Linked by “bitcoin” (crypto) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
TIP+0.06%+0.20%baseafter closeafter closeafter closeafter close
XLP-2.12%+0.44%baseafter closeafter closeafter closeafter close
IBIT+4.08%+1.73%baseafter closeafter closeafter closeafter close
WMT-0.64%+1.67%baseafter closeafter closeafter closeafter close
COST-4.41%-0.01%baseafter closeafter closeafter closeafter close
COIN+6.85%+0.43%baseafter closeafter closeafter closeafter close
PG-3.76%-0.78%baseafter closeafter closeafter closeafter close
MSTR+7.92%+3.08%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Bitcoin faces U.S. CPI test as analysts warn inflation relief may not be enough CoinDesk

Source: CoinDesk

This story

CompanyWhenMoveStatus
COINthree days earlier+0.43%final price
COINfive days earlier+6.85%final price
COSTthree days earlier-0.01%final price
COSTfive days earlier-4.41%final price
IBITthree days earlier+1.73%final price
IBITfive days earlier+4.08%final price
MSTRthree days earlier+3.08%final price
MSTRfive days earlier+7.92%final price
PGthree days earlier-0.78%final price
PGfive days earlier-3.76%final price
TIPthree days earlier+0.20%final price
TIPfive days earlier+0.06%final price
WMTthree days earlier+1.67%final price
WMTfive days earlier-0.64%final price
XLPthree days earlier+0.44%final price
XLPfive days earlier-2.12%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

This story

12 out of 100

“Bitcoin faces U.S. CPI test as analysts warn inflation relief may not be enough” scores 12 out of 100. The score uses 1 sources.