Bitcoin surged above $64,000 after US Consumer Price Index inflation came in at 3.5%, lower than the expected 3.8%. This cooler inflation data increased expectations that the Federal Reserve may cut interest rates sooner, which is positive for cryptocurrencies. The rally was intensified by a $135 million short squeeze, pushing prices sharply higher. The market will watch upcoming inflation data closely to see if the trend continues and supports further rate cuts, which could sustain crypto gains.
Bull Bitcoin, a Bitcoin-only exchange, has filed a legal challenge against the EU's DAC8 directive, which requires crypto service providers to share user data with tax authorities. The exchange argues this directive threatens user privacy and safety ...
XRP is trading around $1.06, facing bearish technical pressure with resistance near $1.10 and support at $1.00. Despite technical weakness, regulatory developments like the US CLARITY Act and EU MiCA licensing provide potential long-term support. On-...
Bitcoin rose 3.38% to $64,749, while Ethereum increased 5.74% to $1,879.82, reflecting positive momentum in major cryptocurrencies. Other coins like Binance Coin and Cardano also saw gains, indicating a broad market uptrend. Stablecoins remained stea...
Bitcoin surged past $63,700 following the US June Consumer Price Index report, which revealed a 0.4% month-over-month decline in headline inflation—the largest drop since 2020. Core inflation remained steady at 2.6% annually, suggesting easing inflat...
Bitcoin has formed a one-hour death cross, a technical pattern that historically signals short-term price drops. Analysis suggests Bitcoin could fall to around $60,200 or even $57,250 based on past patterns, with possible brief rebounds before furthe...
