New Blockware Intelligence Report: Bitcoin Energy Gravity models the relationship between the price of Bitcoin and its mean operating cost of production for modern mining rigs.
With headline CPI coming in at 9.1% YoY, we examine the components of CPI to see why headline CPI is rising at an increasing rate while core CPI has fallen for 3 months in a row.
Alongside rising CPI comes an increased likelihood of an even more aggressive response from the Federal Reserve. We discuss one of the most fundamental relationships in finance to break down how the market could respond over the next 2 weeks.
This news appears to be hitting small cap equities disproportionately hard, with large-cap tech propping up the major equity indexes.