Bitcoin dropped below $77,000 on September 10 following stronger-than-expected U.S. inflation data, which increased the likelihood of a Federal Reserve interest rate hike. The Producer Price Index rose 5.4% year-over-year, pushing Fed hike odds to around 70-74% for the upcoming September 16 meeting. Rising oil prices and higher Treasury yields also pressured Bitcoin, alongside declines in traditional stock markets and outflows from Bitcoin ETFs. Investors now await the Consumer Price Index report, which could further influence Fed policy and Bitcoin's direction.
Bitcoin dropped below $80,000 for the fourth consecutive session, trading between $76,000 and $78,500, pressured by rising Middle East tensions, hotter-than-expected US inflation data, and significant outflows from Bitcoin ETFs. These factors increas...
David Schwartz, Ripple's CTO emeritus, stated in an X Spaces session that XRP could potentially flip Bitcoin by growing faster rather than Bitcoin losing value. He emphasized that the digital asset market can expand, allowing multiple tokens to grow ...
Bitcoin price fell 1.31% to around $77,278 on September 10, pressured by hotter-than-expected US producer inflation and concerns over a Federal Reserve rate hike. The price broke key technical supports, including the daily Bollinger Band midpoint and...
Coinbase CEO Brian Armstrong stated that Bitcoin's price has likely found its bottom despite recent declines, and he expects a gradual upward trend over the next one to two years as the market approaches the next halving event. He highlighted that th...
Cryptocurrency markets saw widespread declines, with Bitcoin falling 3.32% to $76,886 and Ethereum down 3.85% to $2,416. Many altcoins experienced steeper drops, including BCH down nearly 12%, UNI down 12%, and DOGE down over 8%. This broad sell-off ...
