CoinDesk Podcast Network COINDESK DAILY: Bitcoin Tumbles as U.S. Inflation Higher Than Expected
Feb 12, 2025
The hosts discuss the recent surge in U.S. inflation and its surprising effect on Bitcoin's value. Federal Reserve Chair Jerome Powell's insights shape the conversation around economic health and the crypto industry's regulatory challenges. The episode also highlights the U.S. SEC's acknowledgment of Solana ETF applications and Japan's potential move to approve a bitcoin ETF. The landscape of cryptocurrency regulation is evolving rapidly, stirring excitement and concern among investors.
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Inflation Impact
- U.S. inflation rose unexpectedly in January, exceeding predictions.
- This led to a significant drop in both cryptocurrency and traditional markets.
Powell's Comments
- Fed Chair Jerome Powell addressed the "debanking" of crypto businesses.
- He also suggested a potential future for stablecoins and supported their regulation.
Solana ETF and Inflation
- The SEC acknowledged several Solana ETF application filings, signaling potential mainstream acceptance.
- Dallas Fed President, Lori Logan, suggested higher inflation could indicate further necessary monetary policy adjustments.