Major cryptocurrency prices are trading with a modest positive bias on Wednesday. Bitcoin (BTC) was last a little higher in the last 24 hours in the $26,300s, as was Ether (ETH) which was last changing hands just above $1,600. The latest US inflation numbers, whilst a tad above expectations, showed a big drop in the…
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BTC’s price clings to $26,000, with Bitcoin traders braced for the Wall Street open, following the latest CPI report. Bitcoin (BTC) saw snap volatility on Sept. 13 as United States macroeconomic data showed inflation beating expectations. BTC/USD 1-hour chart. Source: TradingView Fuel, shelter boost August CPI beyond target Data from Cointelegraph Markets Pro and TradingView…
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BTC futures open interest is on the rise, but Bitcoin trading volume suggests that traders have shifted their attention to other markets. Bitcoin traders are currently not pleased with the recent price trends, especially due to the inability of the price to surpass the $30,500 mark over the last four weeks. This frustration is compounded…
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The most recent data from the Bureau of Labor Statistics reveals a growingly intricate inflationary scenario for the U.S. economy. Disclosed on Thursday, the Consumer Price Index for All Urban Consumers (CPI-U) exhibited a 3.2% annual increase in July, primarily propelled by housing expenses. This monthly surge aligns with June’s 0.2% escalation, where food costs…
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The exchange rate of the Argentine peso reached historic lows Monday in a decline that took its exchange rate to almost 600 pesos per U.S. dollar. Economists state that the uncertainty of the upcoming elections caused key bagholders to hedge their portfolios with foreign currency. However, analysts fear the effect this movement might have on…
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Bitcoin’s price is following in XRP’s footsteps by rallying close to $32,000, but the price could pull back in the face of this week’s $720 million options expiry. This July 14 Bitcoin weekly options expiry holds the potential to be a significant turning point for market sentiment, potentially leading to a breach below the crucial…
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On Wednesday, July 12, 2023, the U.S. Bureau of Labor Statistics released the Consumer Price Index report for June, showing a 3% increase in inflation, the lowest level since March 2021. The U.S. inflation rate has fallen for 12 consecutive months, with the index rising 0.2% on a monthly basis. Labor Department’s CPI Data Shows…
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Bitcoin moved towards $31,000 on Wednesday, ahead of June’s inflation report from the United States. Consumer prices are expected to fall to 3.1%, down from May’s reading of 4.0%. Ethereum also edged higher, as the cryptocurrency closed in on the $1,900 mark. Bitcoin Bitcoin (BTC) neared $31,000 in today’s session, as traders were optimistic ahead…
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Bitcoin is tipped to see classic volatility in BTC price around the CPI release, while liquidity remains tightly wrapped around spot. Bitcoin (BTC) eased higher into July 12 with the key macroeconomic event of the week just hours away. BTC/USD 1-hour chart. Source: TradingView CPI set to hit lowest since March 2021 Data from Cointelegraph…
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BTC price action shrugs off the latest signs that inflation is receding, with Bitcoin traders focused on Fed comments. Bitcoin (BTC) stuck to $26,000 on June 14 as fresh United States macroeconomic data prints failed to move cryptocurrency markets. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView PPI offers Bitcoin bulls little fuel Data from…
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