Bitcoin (BTC) fell below $78,000 on Wednesday as investors reacted to US inflation data exceeding expectations, with the July Personal Consumption Expenditures (PCE) index rising
Tag: Inflation
Bitcoin Faces Pressure as ETF Redemptions and Miner Sales Weigh on Price
The cryptocurrency market experienced renewed volatility as Bitcoin prices edged downward amid significant outflows from US spot exchange-traded funds (ETFs) and heightened selling pressure from
Traders Reduce Odds of September Fed Rate Hike to 44% Amid Weak July Payrolls, Bitcoin Rises Slightly
Traders lowered the probability of a September Federal Reserve rate hike to 44% after US non-farm payrolls fell by 23,000 in July, below forecasts, while
Preferred Stocks Recover Amid Bitcoin Stabilization and Market Volatility
Strategy’s STRC preferred stock rose 1.1% to $95.09, nearing its $100 par value, as Bitcoin stabilized above $60,000 and Michael Saylor emphasized protecting its 12%
Tudor Investment Boosts Stake in BlackRock Bitcoin ETF, Cuts Call Options by 85%
Tudor Investment has increased its direct stake in BlackRock’s iShares Bitcoin Trust ETF (IBIT) by 18.9% in the second quarter, while sharply reducing its call
Bitcoin ETFs face two-day outflows as crypto prices decline
Spot bitcoin ETFs experienced $192 million in back-to-back outflows for the first time since late July, coinciding with bitcoin’s drop to its lowest level since
Bitcoin Stays Range-Bound Below $64,000 Amid Soft Inflation Data
On Thursday, Bitcoin maintained a narrow range around the $64,000 mark despite weak inflation readings from July’s Consumer Price Index (CPI). The Producer Price Index
Bitcoin Falls Below $64K as Inflation Report Leaves Market Steady
Bitcoin closed Thursday at near $63,500, down slightly from the previous day but also lower over a week. Despite an expected U.S. inflation report that
Bitcoin Price Falls Despite US Inflation Data Matching Expectations
Bitcoin prices declined below $63,500 after the U.S. Consumer Price Index (CPI) inflation data matched expectations, while Fed rate hike odds cooled further as attention
Bitcoin Falls Below $64,000 as Inflation Data Matches Forecasts
Bitcoin dropped below $64,000 on Wednesday after the U.S. Bureau of Labor Statistics released Consumer Price Index (CPI) data that matched market expectations. Analysts interpreted
