The U.S. Consumer Price Index (CPI) for August rose 3.4% year-over-year, matching expectations, with core CPI at its lowest since 2021. This inflation data led to a Bitcoin price rebound above $78,000, alongside gains in Ethereum and Solana. Despite the steady inflation figures, the market now sees over an 80% chance of a Federal Reserve rate hike next week, influenced by ongoing geopolitical tensions and recent ECB rate increases. Investors are closely watching how these factors will impact crypto and broader markets moving forward.
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 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...
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...
