Bitcoin traders are closely watching upcoming U.S. inflation reports, including CPI and PPI data, which may influence Federal Reserve rate decisions and impact cryptocurrency volatility. Bitcoin currently trades above the critical $60,000 support level after recent recovery but faces mixed technical signals, with some analysts expecting further downside while others foresee consolidation. Inflation forecasts suggest a slight slowdown in monthly inflation but potential annual increases, which could affect monetary policy expectations and crypto prices. Institutional buying has provided some support, but uncertainty remains until inflation data is released and market reactions unfold.
Bitcoin's recent decline below $60,000 was mainly caused by institutional selling through spot bitcoin ETFs following higher-than-expected U.S. inflation data in April. Since the May 12 inflation report, U.S.-listed bitcoin ETFs saw $5.4 billion in n...
Ethereum's price climbed above $1,600, reaching around $1,661, driven by easing selling pressure and improved market sentiment following Bitcoin's recovery above $63,000. Analysts highlight bullish technical signals suggesting a short-term reversal, ...
Bitcoin surged back above $63,000 driven by institutional purchases totaling $101 million and the U.S. Senate debating the Clarity Act, which aims to regulate digital assets. Ethereum also gained, contributing to the total crypto market cap reaching ...
Cryptocurrency prices exhibit varied changes, with Bitcoin trading at $63,444, up 2.75%, and Ethereum rising 3.81% to $1,679.68. Several altcoins like HYPE, NEAR, and DEXE show significant gains, while others like BCH and SIREN experience declines. T...
Bitmine acquired 126,971 ETH valued at about $214 million in one week, increasing its total holdings to 5.54 million ETH, worth nearly $9.3 billion. This purchase represents 4.59% of Ethereum's circulating supply, with the company aiming to reach 5% ...
