Bitcoin surged above $79,000 following the release of US August inflation data showing 3.4% annual inflation, matching forecasts. The Consumer Price Index rose 0.4% monthly, with energy costs, especially gasoline, driving much of the increase. Market expectations for a Federal Reserve rate hike in September rose sharply to 85-86%. Despite the price jump, analysts warn that high Treasury yields and uncertain technical signals could limit Bitcoin's upside, with potential for further volatility ahead.
In the past five hours, Ether (ETH) saw the largest inflow of $48.73 million and also the biggest outflow of $8.32 million among cryptocurrencies. Bitcoin (BTC) followed with $22.47 million inflows and $7.43 million outflows. Stablecoins like USDT an...
Starknet (STRK) led the top 90 cryptocurrencies by market cap, rising 45.02% in 24 hours to $0.107, extending its previous day's 42.04% gain. Among other notable movers, Aerodrome Finance gained 14.46%, Injective rose 6.54%, and Figure Heloc advanced...
Bitcoin (BTC) briefly rose above the key price level of $83,000 on the Binance spot market, reaching $83,008 at 11:38 p.m. ET on October 10. However, despite this surge, the price slightly dipped to $82,914 just 15 minutes earlier and was down 0.09% ...
Matt Hougan, CIO of Bitwise Asset Management, predicts Bitcoin's market cap could grow from $2 trillion to $30 trillion, paralleling gold's rise after U.S. gold ETFs launched in 2004. The SEC approved spot Bitcoin ETFs in January 2024, enabling easie...
Bitcoin's recent price correction has highlighted a potential support level around $74,500, representing a roughly 7.34% drop from the recent high of $87,027 on October 5. This level is based on historical average drawdowns during previous bull cycle...
