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.
Data from crypto exchange Paybis shows Bitcoin remains the top choice for returning retail buyers, accounting for 42.67% of second transactions between 2023 and 2026. This share is nearly double that of Ethereum and stablecoins combined, which togeth...
A trader on Hyperliquid opened a massive 40x leveraged long position of 911.55 BTC worth about $70 million at an average price of $77,733. The liquidation price is $76,308.60, and Bitcoin's current price near $77,150 leaves less than 1% room before t...
ETHFI surged 10.2% to $0.6822, standing out as the top gainer while Bitcoin traded near $77,208, down 1.1% within its recent 30-day range. Despite a 4% drop in total crypto market cap to $2.64 trillion, Bitcoin dominance remains steady at 58.5%, indi...
Coinbase CEO Brian Armstrong predicts Bitcoin may reach $400,000 by 2030, a 420% increase from current levels, based on its four-year cycle pattern and recent market bottom. Key upcoming events like the CLARITY Act vote and the next Bitcoin halving s...
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 cryptocurr...
