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  • Aug 09, 2024

This Week in Coins: Bitcoin Ends in the Red, but Some Alts Survive a Crazy Week

Illustration by Mitchell Preffer for Decrypt. When people talk about crypto’s volatile nature, they’re referring to weeks like this.  Bitcoin was at one point trading for below $50,000 per coin on Monday after a jobs report sparked fears that the U.S. economy was headed in the wrong direction. And a phenomenon dubbed the “carry trade”—a well-known trick where traders around the world use a different currency to buy risk assets denominated in dollars—seemed to be coming undone when the Japanese y...

  • Aug 09, 2024

Brazil Inflation Speeds Up Again, Piling Pressure on Central Bank

(Bloomberg) -- Brazil’s annual inflation accelerated to the upper limit of the target range, dealing another blow to the central bank as it works to contain price pressures spreading throughout Latin America’s biggest economy.Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for Migran

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