Bitcoin is trading close to $79,000 following August's Producer Price Index (PPI) data, which slightly exceeded expectations due to rising energy costs. Despite a small dip, Bitcoin rebounded toward $80,000 as investors balanced inflation concerns with strong demand for U.S. spot Bitcoin ETFs, which attracted $603.3 million in early September. Mid-sized coin inflows to major exchanges dropped, easing selling pressure, while whale holdings remained stable. Strategist Matt Mena from 21Shares forecasts Bitcoin could reach $100,000 in Q4, with upcoming key events including the August Consumer Price Index release and the Federal Reserve's policy meeting.
Social sentiment data shows Ethereum (ETH) is experiencing strong bullish momentum with a 2.05 bullish-to-bearish comment ratio, signaling FOMO among traders due to its rebound and network optimism. In contrast, Bitcoin (BTC) and Ripple's XRP face gr...
Bitcoin fell below $82,000 following the release of the US Consumer Price Index report, which showed inflation rising 0.6% in September and 3.7% annually. Core inflation, excluding food and energy, also increased, signaling persistent inflationary pr...
The crypto market dropped 4.5% to a total capitalization of $2.76 trillion after US September inflation data came in above expectations, raising concerns about higher interest rates. Unlike earlier sell-offs driven by leveraged futures liquidations, ...
Bitcoin experienced a significant $811 million liquidation wave, yet open interest remains high at $140.9 billion, indicating substantial leveraged exposure. Analysts warn that persistent core inflation and upcoming U.S. Consumer Price Index (CPI) da...
Bitcoin recently corrected from around $86,000 to $80,000, hitting a key technical support near the 50-day EMA. This correction was anticipated and used by the analyst to close short positions and increase Bitcoin holdings. The outlook remains bullis...
