Key Highlights: Bitcoin traded steadily around $74,000, while total crypto liquidations spiked 288% to $725 million following stronger-than-expected U.S. inflation data. U.S. spot Bitcoin ETFs marked a fourth consecutive session of net outflows, losing $95 million as BlackRock’s IBIT saw $78 million in redemptions. Derivatives show cautious sentiment, with put options outweighing calls 1.5-to-1 on ...
Key Highlights: Bitcoin slipped 1.4% to trade near $74,200 as crypto markets braced for upcoming U.S. inflation data and potential Federal Reserve policy tightening. Federal Reserve Governor Christopher Waller advocated for higher interest rates, noting a sharp inflation increase could justify a 50-basis-point hike. Crude oil prices slid 2% to multimonth lows after President Donald ...
Key Highlights: Bitcoin fell 2% over 24 hours to trade near $81,861, leading broader market losses across major altcoins including Ethereum, XRP, and Solana. The sell-off followed hotter-than-expected U.S. inflation data, with core CPI printing at 0.3% against market expectations of 0.2%. Despite the downturn, long-term sentiment remains strong, with institutional interest persisting and 84% ...
Key Highlights: Hotter-than-expected Consumer Price Index (CPI) data has sharply elevated market expectations for Federal Reserve monetary policy tightening. CME FedWatch pricing shows the odds of an October 25-basis-point rate hike surging to 49.3%, while the likelihood of rates holding steady dropped to 50.7%. Bank of America analysts, as reported by CNBC, now forecast that ...
Key Highlights The headline Consumer Price Index (CPI) climbed 3.7% year-over-year in September, exceeding expectations of 3.6%. Core CPI, which strips out volatile food and energy costs, expanded 0.3% month-over-month and 2.6% annually, both topping consensus forecasts. Financial markets reacted sharply, with Bitcoin tumbling $1,000 to $82,800, the 10-year Treasury yield jumping to 5.284%, and ...
Key Highlights: U.S. headline CPI climbed 3.7% year-over-year in September, exceeding market forecasts of 3.6%. Core CPI also came in hot, rising 2.6% annually and 0.3% month-over-month against expectations of 2.5% and 0.2%, respectively. Higher inflation strengthens the prospect of prolonged tighter monetary policy from the Federal Reserve, raising concerns over short-term selling pressure on ...
Key Highlights: The upcoming September U.S. Consumer Price Index (CPI) report is forecast to show a 0.6% monthly rise and a 3.6% annual increase, while core CPI is projected to increase 0.2% month-on-month and 2.5% annually. Cryptocurrency market participants are closely monitoring the data for insights into future Federal Reserve monetary policy and benchmark interest ...
Key Highlights: Bitcoin price targets are pinned between an $80,000 downside risk and an $86,000 recovery, heavily hinging on upcoming U.S. CPI and PPI inflation reports. Institutional sentiment faces friction following substantial weekly spot Bitcoin ETF outflows, including a single-day withdrawal of $484.9 million on October 7. Geopolitical friction and elevated crude oil prices have ...
Key Highlights Federal Reserve Vice Chairman Philip Jefferson said inflation has remained high for an extended period and could become persistent. Jefferson said future interest-rate decisions should be guided by economic data, changes in the outlook and the balance of risks. Rising energy prices, strong AI investment growth, tariffs and higher US Treasury yields are ...
Key Highlights: Market-implied expectations for a Federal Reserve interest-rate hike in October fell from approximately 70% to 50%. New York Fed President John Williams said there is “no need to rush” into another monetary policy move. Williams said inflation remains very high, while the Fed has had enough time to assess economic data since its ...
US Inflation Data Triggers Brief Bitcoin Dip Before Recovery Above $77,000 Bitcoin experienced a sharp but short-lived decline toward $76,000 following the release of the latest US Consumer Price Index (CPI) report, which showed underlying price pressures running slightly hotter than economists anticipated. The cryptocurrency quickly reversed course, reclaiming the $77,000 level, while Ethereum and ...
Bitcoin Price Spikes, Shrugs Off Hot US Inflation Data Bitcoin’s price rose on Friday despite data revealing that U.S. inflation had accelerated, defying typical market expectations that higher inflation would pressure risk assets. Bitcoin Trades Near $79,000 Amid Inflation Surprise The largest cryptocurrency by market capitalization was recently trading close to $78,749 after jumping 2% ...