Markets Briefly Spike As New US Inflation Figures Released – April 12

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $40,204

Bitcoin price has been teetering on psychological support at $40,000 over the last 24 hours, as new inflation numbers briefly keep the markets buoyant.

Top-20 altcoins have mostly seen small increases over the last day of trading, as Ethereum gains 1%, BNB rises 4% and Shiba Inu Leads the way with a 20% gain.

Top Stories for April 12, 2022 πŸ”₯

πŸ‘‰ Markets Briefly Spike As New US Inflation Figures Released

Markets witnessed a brief spike across the board, following the newly-released consumer price index (CPI) numbers for last month.

Figures from the US Bureau of Labor Statistics show that the CPI has hit 8.5% year-on-year, including a 1.2% rise over the month of March – the highest level in more than 40 years.

Both the stock market and Bitcoin saw immediate jumps in pricing, as traders price in further inflation concerns. VanEck director of digital assets strategy, Gabor Gurbacs, believes that inflation is likely already in the double-digits in April.

πŸ‘‰ Fidelity Investments To Offer Metaverse & Digital Payments ETFs

Asset management giant Fidelity Investments has announced that it will be launching two new exchange-traded funds (ETFs) focused on crypto and digital payments.

One will be the Fidelity Metaverse ETF, which will be at least 80% comprised of assets included in the Fidelity Metaverse Index. The other is the Fidelity Crypto Industry and Digital Payments ETF, which will target crypto-related companies and digital payments processing.

πŸ‘‰ Celsius To Stop Offering Interest-Earning Accounts To US Users

Crypto lending services platform Celsius will no longer be offering its interest-earning accounts to US customers, beginning at the end of this week. New deposits will instead be transitioned to custody accounts with no interest.

The change has come following increased scrutiny from US regulators, with several similar platforms recently receiving attention from the NYAG. Existing deposits will continue to pay normal interest.