Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year's highs and short-term holders who bought near recent lows—are selling into the price rise. This simultaneous selling is creating supply pressure that could limit further gains, reflecting cautious sentiment amid geopolitical tensions and doubts about the inflation data's sustainability due to rising oil prices. The market remains volatile as investors weigh profit-taking against uncertain macroeconomic conditions.
Bitcoin traded flat near $63,400 after volatile intra-day swings between $63,317 and $64,400, keeping its market cap at $1.27 trillion. The recent sell-off linked to Strategy's bitcoin sales appears to have stabilized, with the company’s CEO assuring...
Cryptocurrency prices are fluctuating with Bitcoin trading around $63,359, slightly down by 0.10%. Ethereum and Solana show modest gains, while other coins like Zcash (ZEC) and Near Protocol (NEAR) experience significant increases of 6.20% and 6.50% ...
Gold prices rose 0.5% following July's inflation data showing a slowdown to 3.4% annually, easing fears of a Fed rate hike. Bitcoin and other cryptocurrencies also gained, supported by steady inflows into spot Bitcoin ETFs. However, analysts note tha...
Bitcoin rose to around $64,100 after U.S. inflation data showed the Consumer Price Index (CPI) increased 3.4% annually in July, slightly easing from 3.5% in June. The inflation report matched market expectations, leading traders to largely maintain t...
Cryptocurrency prices are fluctuating with Bitcoin falling 1.3% to $63,460 and Ethereum slightly down by 0.2%. Several altcoins like FIGR_HELOC and HYPE are gaining, showing positive momentum in some parts of the market. This mixed performance highli...
