Bitcoin fell to about $63,500 following a U.S. inflation report that matched expectations, easing concerns about immediate Federal Reserve rate hikes but failing to spark a strong crypto rally. The inflation data showed a 0.1% monthly rise and 3.4% annual increase, keeping the Fed's September rate hike odds lower. While gold and stocks saw modest gains, most cryptocurrencies declined. Market focus now shifts to upcoming events like the Jackson Hole central bankers' meeting, the September jobs report, and the next inflation release for fresh catalysts.
Open interest in perpetual futures for five major cryptocurrencies—Bitcoin, Ether, Solana, XRP, and Dogecoin—fell as of Oct. 29, with Dogecoin experiencing the largest drop of 2.37%. Despite the declines, long positions outnumbered short ones in all ...
Ethereum spot ETFs experienced withdrawals totaling $170.21 million over three days ending October 28, signaling declining institutional demand and putting downward pressure on Ethereum's price. Despite some relief from Fidelity's FETH ETF, BlackRock...
In the latest 24-hour market snapshot, Cardano (ADA) experienced the largest decline among major cryptocurrencies, dropping 4.06% to $0.1984. Bitcoin (BTC) fell by 1.72% to $79,978, while XRP and Solana also saw decreases of 3.02% and 2.31%, respecti...
A post on X from The Bitcoin Historian account attributed to Fidelity Investments suggests investors increasingly view Bitcoin as a safe-haven asset and hints at renewed upward momentum. It also referenced a previous post predicting Bitcoin could rea...
Bitcoin's price dropped 4.1% in October to $80,159, while major altcoins like Cardano and Dogecoin fell between 13% and 19%. This divergence has shifted portfolio allocations, increasing Bitcoin's share from 50% to over 53% without trades. Investors ...
