Bitcoin surged nearly 3.6% to around $64,800 after U.S. inflation data showed a bigger-than-expected slowdown in June, with headline inflation dropping to 3.5% and core inflation easing to 2.6%. This cooling inflation sharply reduced market expectations for a Federal Reserve rate hike this month, pushing the odds from 43% down to 13%. The softer inflation data boosted risk assets including cryptocurrencies and global equities, but analysts caution that Bitcoin remains sensitive to interest rate moves, with the next key test at the Fed's September meeting and the sustainability of Bitcoin ETF inflows. The easing inflation suggests the Fed may hold rates steady for now, but core inflation still exceeds the Fed's 2% target, leaving room for future policy adjustments.
Bitcoin's price rose above $64,000 following a drop in US inflation to 3.5% in June from 4.2%, reducing expectations of Federal Reserve interest rate hikes. This easing of inflation concerns has shifted market sentiment towards a less aggressive mone...
VanEck, a major financial firm managing $110 billion, sees Ripple's XRP Ledger as a leading player in cross-border payments, collateral, and securitization markets by 2030. These markets combined generate tens of billions annually, with XRP positione...
Long positions in Bitcoin on the Hyperliquid exchange have reached a record $4 billion, surpassing previous peaks and indicating strong speculative demand. Despite Bitcoin's price dipping slightly to around $62,600-$62,800, top traders, including a w...
Bitcoin's technical indicators on the 12-hour chart reveal a rare alignment of bullish signals, including the Tom DeMark Sequential buy signal, RSI bullish divergence, and a SuperTrend flip. These suggest momentum may push Bitcoin toward $65,400, nea...
Bitcoin's price surged over 3% to surpass $64,000, even as analyst Benjamin Cowen projects the current bear market will bottom by late September to early October. Cowen notes that Bitcoin's 2026 price action mirrors the 2018 bear market cycle structu...
