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.
Machi sold 4,700 Ether (ETH) on October 8, realizing a loss of about $570,000 and reducing its long position to 24,500 ETH. The remaining holdings now show an unrealized loss of roughly $3.06 million, with a liquidation price close to the current mar...
Bitcoin's price fell below $82,000 to $81,930 on Binance's spot market at 9:48 a.m. ET on October 8, marking a decline from $82,320 just 15 minutes earlier. This represents a 0.41% drop from one hour prior. Bitcoin remains the largest cryptocurrency ...
Ripple transferred 200 million XRP between its own addresses and sent 20 million XRP to a new address as it prepares for the XRPL's PermissionDelegationV1_1 upgrade, enabling better privacy and role delegation without exposing master keys. Meanwhile,...
On October 8, the total cryptocurrency market capitalization dropped by 4.39% to $2.80 trillion, with Bitcoin falling 1.59% to $82,216. Other major coins also declined: Ether decreased 1.55% to $2,527, XRP fell 3.53% to $1.39, and Solana dropped near...
BitGo CEO Mike Belshe dismissed claims that AI will break Bitcoin's cryptography but agreed on the importance of securing crypto wallets against future quantum computing threats. BitGo has introduced a Quantum Resistance Score to assess wallet exposu...
