Bitcoin’s Daily Golden Cross Fails as Hawkish Fed Expectations Trigger Pullback Bitcoin’s brief daily golden cross collapsed Friday evening as the 50-day exponential moving average (EMA) slipped back below the 200-day EMA, reversing a bullish signal that had confirmed earlier in the session. The cryptocurrency retreated to $77,438 after reaching an intraday high near $79,837, ...
Grayscale’s Head of Research, Zach Pandl, suggests the latest U.S. inflation data could present a temporary speed bump for cryptocurrency markets. The August Consumer Price Index (CPI) report revealed hotter-than-expected headline inflation, increasing the probability of another Federal Reserve rate hike. August CPI Details: Headline Heat, Core Cooling The Bureau of Labor Statistics reported that ...
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% ...
Bitcoin hovered near a critical technical threshold Thursday as risk assets sold off broadly on surging oil prices, rising Treasury yields, and mounting expectations for another Federal Reserve interest-rate hike. Key Support Level in Focus Bitget analyst Lewis Huang marked the line before the print, saying “$76,270 is an important technical support level.” Bitcoin is ...
Bitcoin, Ethereum, and XRP extended their losing streak on Thursday after fresh U.S. inflation data fueled speculation that the Federal Reserve will raise interest rates at its upcoming policy meeting. The renewed sell-off across major cryptocurrencies highlights the asset class’s continued sensitivity to macroeconomic shifts and central bank signaling. Inflation Data Triggers Rate-Hike Bets The ...
Wholesale Inflation Rises as Expected in August, Producer Prices Climb 0.4% U.S. wholesale inflation advanced largely in line with forecasts in August, according to data released Wednesday by the Bureau of Labor Statistics. The report arrives days before the closely watched Consumer Price Index release and as traders weigh the likelihood of another Federal Reserve ...
Bitcoin slipped below $78,000 on Tuesday as traders braced for a critical week of U.S. inflation data, starting with the Producer Price Index (PPI) release. The pullback erased early-week gains that had briefly tested the $80,000 resistance level, and the broader altcoin market followed suit, with Ethereum (ETH), XRP, and BNB all posting losses. PPI ...
Treasury Yields Surge to Multiyear Highs as Oil Tops $100 U.S. Treasury yields climbed to multiyear highs on Thursday, driven by a spike in oil prices that overshadowed a relatively benign wholesale inflation report. The benchmark 10-year Treasury note yield rose more than 6 basis points to 4.908%, marking its highest level since November 2023. ...
Traders worked the floor of the New York Stock Exchange on Aug. 25, 2026, as U.S. equities slid Thursday after domestic oil prices surged past $100 a barrel. The selloff reflected mounting anxiety that a prolonged conflict in the Middle East would fuel higher inflation and keep interest rates elevated for longer. Major Indexes Finish ...
Bitcoin’s Next Macro Catalyst: ECB Decision Could Weaken Dollar Without Easing Financing Conditions The European Central Bank’s September 10 policy decision may strengthen the euro and push the U.S. dollar index lower, offering potential relief to Bitcoin after its recent slide below $80,000. However, a currency-driven decline in the dollar index would provide limited evidence ...
Oil Surges Toward $100 as Iran Tensions Escalate Brent crude reached a seven-week high near $99 a barrel this week, while West Texas Intermediate climbed above $92. The rally follows Iran’s announcement that it plans to declare a maritime “exclusion zone” around the Strait of Hormuz, warning it will stop ships attempting to pass without ...
Bitcoin rose above $81,000 last week before falling back to approximately $78,000 after Federal Reserve Chairman Kevin Warsh delivered a hawkish speech in Jackson Hole….