Bitcoin briefly fell to about $76,050 following the release of the US inflation report, which showed a 0.4% increase in the Consumer Price Index for August and a core inflation rise of 0.3%, slightly above expectations. Despite this, Bitcoin quickly recovered and traded above $77,100, reflecting mixed investor reactions to the inflation data and its implications for Federal Reserve interest rate decisions. Ethereum and other major cryptocurrencies also remained stable or gained, indicating limited broader market impact. The inflation data suggests persistent price pressures, which could influence the Fed's policy in the upcoming September meeting.
Bitcoin remains strong above its 50-day and 200-day exponential moving averages, signaling bullish momentum after the Oct. 20 market rebound. Ether trades below its 50-day average but stays above its 200-day average, indicating mixed signals. XRP lag...
Bitcoin rose 42.7% in Q3, recovering after three down quarters, driven by US Treasury bond purchases that lowered yields and boosted risk assets. Ethereum and Solana also saw strong gains. However, uncertainty remains as the Federal Reserve's October...
Dogecoin (DOGE) and XRP have market value to realized value (MVRV) ratios below 1.0 for coins active in the past year, indicating average unrealized losses among those coins. DOGE's MVRV is about 0.74, signaling a larger shortfall than XRP's 0.92. In...
Bitcoin surged above $83,000, reaching an intraday high of $83,439, while Ether climbed to $2,478. Over $279 million in crypto derivatives were liquidated in 24 hours, with short positions making up nearly 70% of the total. The Crypto Fear and Greed ...
The real-world asset (RWA) sector saw the largest 24-hour gain of 5.93%, coinciding with Bitcoin rising above $83,000 and Ether exceeding $2,400. Bitcoin increased by 1.77% and Ether by 2.64% during this period. Other sectors like NFTs, meme tokens, ...
