hodler

19 May 2026, 13:19

CoinDesk 20 performance update: Bitcoin Cash (BCH) rises 2.1%

NEAR Protocol (NEAR), up 2.8%, was also a top performer.

19 May 2026, 13:16

Bitcoin holds $75,800 support with $90,000 target in sight

🚨 $BTC defends key support at $75,800, aiming for a $90,000 breakout. Price is currently near $76,973 with strong moving average backing. 🧐 Key point: If the support band fails, $BTC could face a deeper correction. Continue Reading: Bitcoin holds $75,800 support with $90,000 target in sight The post Bitcoin holds $75,800 support with $90,000 target in sight appeared first on COINTURK NEWS .

19 May 2026, 13:15

Canada Inflation Edges Higher: April CPI Rises 2.8%

BitcoinWorld Canada Inflation Edges Higher: April CPI Rises 2.8% Canada’s headline Consumer Price Index (CPI) rose 2.8% in April compared to the same month last year, according to data released Wednesday by Statistics Canada. The reading matched economist expectations and marked a slight acceleration from March’s 2.7% annual pace, signaling that inflationary pressures remain persistent even as the economy shows signs of cooling. What the Data Shows The April CPI increase was driven primarily by higher shelter costs, including rent and mortgage interest, as well as rising prices for gasoline and food purchased from stores. Excluding volatile items like energy and food, the core CPI — a key measure watched closely by the Bank of Canada — rose 2.6% year-over-year, also in line with forecasts. On a monthly basis, the CPI rose 0.5% in April, up from a 0.3% gain in March. Statscan noted that while goods price inflation moderated slightly, services inflation remained elevated, reflecting continued strong demand in areas like travel and dining out. The data underscores the challenge facing the Bank of Canada as it balances the need to contain inflation against the risk of tipping the economy into a recession. Implications for the Bank of Canada The April CPI report comes ahead of the Bank of Canada’s next interest rate decision on June 5. Most analysts expect the central bank to hold its benchmark overnight rate steady at 5.0%, the highest level in over two decades, as it waits for clearer signs that inflation is on a sustained downward path. However, some economists argue that the slight uptick in headline inflation, combined with sticky core readings, could delay any potential rate cuts until later this year. “The Bank of Canada will view this report as a reminder that the last mile of inflation is proving stubborn,” said Sarah Thompson, senior economist at the Fraser Institute. “While the overall trend is moderating, the pace of disinflation has slowed, and the central bank will want to see more progress before shifting to an easing stance.” Market Reaction Financial markets showed a muted response to the data, with the Canadian dollar weakening slightly against the US dollar in early trading. Bond yields edged higher as traders pared back expectations for a rate cut in the near term. The S&P/TSX Composite Index opened modestly lower, weighed down by interest-rate-sensitive sectors such as real estate and utilities. The data also comes amid ongoing uncertainty about the global economic outlook, including slowing growth in China and persistent inflation in the United States, which could influence the Bank of Canada’s policy path. What This Means for Consumers For Canadian households, the April CPI report confirms that the cost of living remains elevated, particularly for essential items like housing and food. While wage growth has picked up in recent months, it has not kept pace with inflation for many workers, squeezing household budgets. The Bank of Canada’s high interest rates have also increased the cost of borrowing for mortgages and other loans, adding to financial pressure on homeowners and renters alike. Looking ahead, economists expect inflation to gradually moderate through the second half of 2024, but the path remains uncertain. Key factors to watch include the trajectory of energy prices, the strength of the labor market, and the pace of economic growth. Conclusion Canada’s April CPI reading of 2.8% confirms that inflation, while down sharply from its peak of 8.1% in June 2022, is not yet fully under control. The data reinforces the Bank of Canada’s cautious approach to monetary policy and suggests that interest rates will remain elevated for some time. For consumers and businesses, the message is clear: high costs and tight financial conditions are likely to persist in the near term. FAQs Q1: What does the April CPI of 2.8% mean for my household budget? The 2.8% annual increase means that, on average, the cost of goods and services is rising faster than the Bank of Canada’s 2% target. This is likely to keep pressure on your living expenses, especially for housing, food, and transportation. Q2: Will the Bank of Canada cut interest rates soon? Most analysts expect the Bank of Canada to hold rates steady at its June meeting. A rate cut is possible later in 2024, but only if inflation shows a sustained decline toward the 2% target. Q3: How does Canada’s inflation compare to other countries? Canada’s inflation rate is broadly similar to that of the United States (which reported 3.4% in April) and the Eurozone (2.4%). However, Canada’s housing cost inflation is notably higher due to a tight rental market and rising mortgage costs. This post Canada Inflation Edges Higher: April CPI Rises 2.8% first appeared on BitcoinWorld .

19 May 2026, 13:15

0% Fed Rate Cut: How It Affects Price of Bitcoin (BTC)

The pressure of the FED's decision echoes in cryptocurrency market, bringing up possibilities of another correction.

19 May 2026, 13:13

Uphold President Shares Two Reasons Retail and Institutions Are Showing Interest in XRP

Uphold President Nancy Beaton recently explained why investors are paying attention to XRP, specifically highlighting the retail and institutional side. Beaton discussed this during a special edition of Ripple's "Crypto in a Minute," renamed "XRP in a Minute" for the occasion, while speaking from the just-concluded XRP Las Vegas (XRPLV) event. Visit Website

19 May 2026, 13:09

$100/Month in Bitcoin Since 2015 Would Have Turned $13,700 Into $632,000, Coinbird Analysis Shows