Bitcoin dropped to around $58,200, its lowest level this year, following US inflation data revealing the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, rose to its highest in over three years at 4.1% year-over-year in May. This signals persistent inflation pressures, likely prompting the Fed to maintain cautious monetary policy and potentially limit interest rate cuts. The inflation rise also impacted the broader crypto market, with Ether, Solana, and BNB prices falling. Economic growth was revised upward, but rising costs in housing and services may continue to restrain policy easing this year.
Bitcoin traders are showing increased demand for put options ahead of the US May core Personal Consumption Expenditures (PCE) inflation data release, signaling anxiety about potential sharp price moves. The April PCE data surprised markets with highe...
Bitcoin derivatives investors are paying a high premium for downside protection, signaling market panic. This bearish sentiment may reverse if U.S. core personal consumption expenditure (PCE) inflation data, due Thursday, shows inflation cooling, red...
Bitcoin price fell sharply after confirming a head and shoulders pattern, hitting a new low near $59,000. A relief rally has pushed the price up about 4.7% to around $62,400, but bears remain dominant and resistance near $63,700 could halt gains. The...
Bitcoin is currently trading around $61,400, but veteran miner Jiang Zhuoer predicts it could fall to a bottom price between $42,000 and $44,000 by late 2026. His forecast is based on the mNAV ratio, which measures market value against BTC holdings a...
Bitcoin recently rebounded after dipping below $60,000, but analysts warn a deeper drop toward $47,000 is likely by October. This forecast is based on Bitcoin's historical bear market behavior, where it typically tests its 350-week moving average (ar...
