Bitcoin surged close to $80,000 following the US inflation report showing a slowdown in annual core CPI to 2.4%, the lowest in 66 months. This easing of inflation boosted confidence in both cryptocurrency and traditional markets, with Ethereum also rising over 8%. However, persistent monthly inflation in services raised concerns about ongoing price pressures, increasing uncertainty ahead of the Federal Reserve's September 16 decision. Bitcoin's technical indicators suggest potential for further gains if it breaks above $80,000, but failure to do so could lead to a pullback toward $78,000 or lower.
Crypto commentator Austin Hilton highlighted that limited liquidity and ongoing economic uncertainty are preventing crypto markets from sustaining a strong rally. While positive factors like Bitcoin strength, improved social sentiment, and clearer U....
A Bitcoin whale made $1.36 million through eight successful short trades over 20 days. Following this, the whale executed three large trades totaling nearly $25 million in a single day, with exit plans prearranged. This activity suggests a strategic ...
Significant Bitcoin transfers into Fidelity and BlackRock ETF wallets, totaling over $54 million, indicate renewed institutional interest despite recent price weakness. Additionally, 40 new wallets withdrew approximately 9,458 BTC worth $771.5 millio...
Technology stocks and Bitcoin declined sharply as investors moved toward safer assets like U.S. Treasurys, causing the 10-year Treasury yield to drop below 5%. The Philadelphia Semiconductor Index fell 6.7%, and the Nasdaq Composite dropped 2.6%, mar...
Bitcoin's price climbed back above the key $80,000 level after ETF inflows returned on October 19, signaling renewed investor interest despite subdued trading activity. U.S. spot Bitcoin ETFs and corporate treasury holdings have average cost bases ne...
