Bitcoin traders are pricing in only a 2.5% price move around the upcoming U.S. inflation report for March, signaling that they see it as a non-event despite expectations of a 3.4% inflation rise due to the Iran war's impact on energy prices. Implied volatility in bitcoin is at its lowest since January, indicating calm market sentiment. Experts warn that the inflation data could influence Federal Reserve rate-cut expectations and bitcoin's next price move, but current market pricing shows a disconnect between expert concerns and trader expectations. The inflation report, due Friday, will reveal how the Iran conflict is affecting U.S. prices and could shape monetary policy decisions at the Fed's April meeting.
Bitcoin recently rallied to $65,086, its highest close since late June, driven mainly by softer US inflation data that lowered expectations for Federal Reserve rate hikes. However, Bitfinex reports that this rally lacks sustained spot buying and depe...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Bitcoin's price surged to nearly $65,000 following softer-than-expected U.S. inflation data for June, easing fears of Federal Reserve rate hikes. However, on-chain data reveals two main groups of investors—long-term holders who bought near last year'...
