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 Macro Focus: U.S. October Consumer Price Index (CPI) and Producer Price Index (PPI) readings take center stage alongside public remarks from Federal Reserve Vice Chair for Supervision Michelle Bowman. Corporate Earnings: Major digital asset, infrastructure, and mining firms—including MARA Holdings, HIVE Digital Technologies, Bitdeer Technologies, eToro Group, and CoreWeave—are reporting quarterly financial results. ...
Key Highlights: Speeches by Federal Reserve chairs at the annual Jackson Hole symposium trigger the strongest price swings in Bitcoin, moving the asset roughly three times its normal rate in the first 30 minutes. Key macroeconomic events such as Fed press conferences, U.S. jobs reports, and CPI announcements consistently induce short-term volatility, but price action ...
Key Highlights: Total crypto liquidations hit $957.77 million following hotter-than-expected inflation data, with Ethereum accounting for $292.83 million and Bitcoin trailing with $203.01 million. Bitcoin fell through its $83,000 leveraged buyer support band to touch nearly $80,000 before consolidating around $81,000. Historical post-CPI recovery trends suggest potential upside to $85,000 or $90,000, but downside risks ...
Key Highlights: September’s Consumer Price Index (CPI) climbed 3.7% year-over-year, spurred by a 9.1% monthly spike in gasoline prices and firmer core inflation. Bitcoin dropped below the $82,000 threshold to trade near $81,850 as receding Federal Reserve rate-cut expectations dampened risk appetite. Spot cryptocurrency funds saw significant redemptions, with Bitcoin ETFs losing $681 million and ...
Key Highlights: Headline Consumer Price Index (CPI) rose 0.6% month-over-month, propelled by a 9.1% surge in gasoline prices and an unexpected 0.3% uptick in core CPI. Bitcoin plunged to an intraday low of $81,588.88 on October 14 as macroeconomic data renewed fears of extended Federal Reserve interest rate hikes. Treasury yields climbed alongside the U.S. ...
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 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 US on-highway diesel reached $6.529 per gallon on September 21, marking a new nominal record high and a 24.4-cent weekly increase, according to the Energy Information Administration. Distillate fuel inventories fell to 107.431 million barrels in the week ended September 18, signaling constrained supply amid tight global distillate and crude markets. The price ...
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 ...