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.
Bitwise CIO Matt Hougan predicts Bitcoin, Solana, Hyperliquid, and Uniswap will benefit greatly from the growing tokenization of real-world assets (RWA) like stocks and bonds. The total value of tokenized assets has surged to $31.73 billion, reflecti...
Cryptocurrency markets experienced a broad decline, with Bitcoin falling 1.79% to $77,104 and other major coins like Ethereum, Binance Coin, and XRP also dropping between 1% to over 5%. This downward trend reflects ongoing market volatility and inves...
Bitcoin dropped below $80,000 for the fourth consecutive session, trading between $76,000 and $78,500, pressured by rising Middle East tensions, hotter-than-expected US inflation data, and significant outflows from Bitcoin ETFs. These factors increas...
David Schwartz, Ripple's CTO emeritus, stated in an X Spaces session that XRP could potentially flip Bitcoin by growing faster rather than Bitcoin losing value. He emphasized that the digital asset market can expand, allowing multiple tokens to grow ...
Bitcoin dropped below $77,000 on September 10 following stronger-than-expected U.S. inflation data, which increased the likelihood of a Federal Reserve interest rate hike. The Producer Price Index rose 5.4% year-over-year, pushing Fed hike odds to ar...
