Bitcoin fell 1.6% to around $63,855 as traders reduced risk ahead of U.S. inflation data and rising oil prices raised concerns about the Federal Reserve's interest rate path. Ether and XRP also declined, while some altcoins like Hyperliquid and Chainlink gained. U.S. spot Bitcoin ETFs saw net outflows after a strong inflow streak. Brent crude oil prices rose near $88 due to stalled U.S.-Iran talks, fueling inflation fears ahead of the July CPI release on August 12. The market awaits this key inflation data, which will influence Treasury yields and crypto prices. Bitcoin needs to reclaim $65,000 to regain momentum, with support near $63,000 to $64,000 critical to watch.
U.S. spot Bitcoin ETFs attracted nearly $1 billion in inflows during the week ending August 28, marking nine consecutive days of net inflows. Despite this strong institutional demand, Bitcoin's price failed to sustain above $80,000, retreating to jus...
Bitcoin fell below $77,000 and Ethereum dropped under $2,400 amid renewed US-Iran conflict, which caused oil prices to surge above $94 and increased US Treasury yields to about 4.79%. This geopolitical tension heightened inflation concerns and expect...
Bitcoin surged from the $60,000–$65,000 range to nearly $80,000 following a historic short squeeze that liquidated over $4 billion in bearish positions, fueling a rapid price increase. This breakout above $67,000 marks a strong rally but not yet a co...
Bitcoin has maintained its price above $79,000 following a significant rally of nearly 25% throughout August. This strong performance reflects growing investor interest and confidence in the cryptocurrency market. Additionally, Bitcoin's spot trading...
Bitcoin traded near $77,500 on September 1, down 1.6% after hitting an intraday high of $79,225. The decline was driven by rising oil prices and higher US bond yields, which increased concerns over potential Federal Reserve rate hikes. Despite strong...
