The U.S. Core Producer Price Index (PPI) surged 1% month-over-month, far above the expected 0.2%, signaling persistent inflation pressures across the economy. This unexpected inflation spike led investors to reduce risk exposure, causing Bitcoin to face heavy selling pressure, particularly on Binance where $853 million in BTC was sold within an hour. The data shifted market expectations, fully pricing out any Federal Reserve rate cuts in 2026. Bitcoin found support around $78,000–$79,000 and may rally if it reclaims $80,000, but risks remain if it falls below this support zone.
Most major cryptocurrencies saw price declines, with Bitcoin trading near $79,547, down 1.54%, and Ethereum at about $2,261, down 2.02%. Other coins like Solana, Cardano, and Polkadot also dropped significantly, reflecting a broad market pullback. St...
BlackRock has reportedly sold $287 million worth of Bitcoin this week, coinciding with Bitcoin's price dropping below $80,000 after a recent rally. This move comes amid significant outflows from Bitcoin and other crypto ETFs, signaling waning institu...
Investor Michael Burry warns the semiconductor rally resembles the final phase of the dot-com bubble, signaling risks for tech and AI-driven markets. Historically, Bitcoin's price closely followed semiconductor stocks during risk-on cycles, with mass...
Bitcoin held below $80,000 after U.S. producer price inflation data sparked risk-off sentiment, wiping out nearly $400 million in leveraged long positions. The crypto market saw sharp declines in altcoins, especially memecoins, amid sustained selling...
Ethereum's realized profits rose to $74.58 million, the highest in three weeks, as some holders who bought below $2,000 sold during a recent price dip. ETH is trading near $2,267, with $2,270 identified as a key short-term trigger level for traders. ...
