Bitcoin dropped nearly 2% below $77,000 after U.S. Producer Price Index data showed a 5.4% year-over-year increase, slightly above expectations. This fueled market bets on a 74% chance of a Federal Reserve rate hike in mid-September. Other cryptocurrencies like Zcash, XRP, and Solana also declined, while Bitcoin spot ETFs saw $120 million in net outflows. The S&P 500 extended its losing streak to four days amid inflation concerns, with investors awaiting Friday's Consumer Price Index for further clues on monetary policy.
Bitcoin traded flat around $81,500 after two volatile days, facing pressure from rising oil prices due to U.S.-Iran tensions. This kept Bitcoin on track for its first monthly loss since July, with its market cap down 3% over 30 days. Long liquidation...
Franklin Templeton, managing $1.8 trillion in assets, received Nasdaq approval to launch two Bitcoin-focused ETFs that convert dividends from U.S. stocks into Bitcoin exposure. The ETFs, named Franklin US Equity Bitcoin DRIP Index ETF and Franklin US...
Open interest in Bitcoin (BTC) and four other major cryptocurrencies fell notably within 24 hours, with XRP experiencing the sharpest drop of 7.02% to $415.4 million. BTC open interest declined 6.35% to $7.79 billion, while Ether (ETH), Solana (SOL),...
Crypto influencer Ki Young Ju suggests Bitcoin is less vulnerable to a drop in AI stocks because it did not heavily participate in their recent rally. If AI stocks decline, investors who profited from them might move some funds into Bitcoin, potentia...
U.S. spot Bitcoin ETFs experienced a significant outflow of $635.6 million on Thursday, wiping out nearly 60% of the $1.07 billion inflows over the previous three days and turning October net flows negative by about $176 million. Ethereum and Solana ...
