Bitcoin briefly surged to $79,837 following the release of August Consumer Price Index (CPI) data that met economists' expectations, triggering volatile trading and over $732 million in crypto liquidations. The price fluctuated sharply, influenced by earlier Producer Price Index data and market reactions to potential Federal Reserve rate hikes, which now have an 82% chance of a 25 basis point increase. Economist and investor concerns include stagflation risks and rising long-term rates, which could pressure both stocks and Bitcoin. Despite political stimulus proposals, Bitcoin's price remained volatile, reflecting broader market uncertainties.
Cryptocurrency prices exhibit mixed changes, with Bitcoin holding around $77,279 and Ethereum rising 2.7% to $2,527.92. Other altcoins like Solana and Litecoin also show gains, while some tokens experience declines. This varied performance reflects o...
Binance's bitcoin reserves have risen to over 693,000 BTC, the highest in two years and about 30% of all major exchange reserves. This increase of roughly 77,000 BTC since April raises potential sell-side pressure as Bitcoin faces a strong resistance...
Ether surged 8.3% to over $2,600 on September 11 after more than $255 million in short positions were liquidated within 24 hours, with $188 million wiped out in just one hour. This massive short squeeze was triggered by hotter-than-expected US inflat...
Bitcoin surged above $79,000 following the release of US August inflation data showing 3.4% annual inflation, matching forecasts. The Consumer Price Index rose 0.4% monthly, with energy costs, especially gasoline, driving much of the increase. Market...
Over $684 million in leveraged crypto positions were liquidated within 24 hours, with short sellers facing $422 million in forced closures compared to $261 million from longs. Ethereum led liquidations with $262 million, surpassing Bitcoin's $182 mil...
