Soft PPI Data Lifts Crypto Prices; Bitcoin Surges Past $113K
Traders are optimistic about a potential interest rate cut by the Fed, yet caution remains among Bitcoin enthusiasts.
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Traders are optimistic about a potential interest rate cut by the Fed, yet caution remains among Bitcoin enthusiasts.
Bitcoin remains stable around $111K as the market prepares for anticipated U.S. CPI data and the Federal Reserve's upcoming September decision. Prediction markets hint at a potential rate cut while traders keep an eye on whether the dormant $7T cash might flow into cryptocurrencies as volatility returns.
Crypto mining shares have experienced a notable uptick due to Microsoft's agreement with Nebius Group for GPU supply, highlighting the market's focus on mining infrastructure amid fluctuating bitcoin prices.
The PEPE cryptocurrency experiences a notable rise of nearly 10% this week, boosted by robust trading activity.
Bitcoin experienced a decline, while gold pulled back from its record high following the news of substantial job revisions in the U.S.
Cboe seeks regulatory approval for its new futures contracts designed to attract both institutional and retail traders.
The platform simplifies bitcoin transactions for everyday investors with enticing rewards.
With an unusual calmness in Bitcoin's price, the market is poised for significant volatility as October approaches.
Analysts anticipate pressures on Bitcoin and Ethereum, despite signs of long-term optimism due to significant whale distributions and rising institutional interest.
Major cryptocurrencies are forming bullish price patterns.
Recent reports indicate that U.S. money market fund assets have surged dramatically, potentially impacting investments in cryptocurrencies.
The company has announced the purchase of 136 BTC, boosting its total holdings significantly.
Paolo Ardoino, the CEO of Tether, states that the company has not sold any Bitcoin, countering recent suggestions.
MicroStrategy has increased its Bitcoin reserves by purchasing 1,955 BTC for $217 million, amidst significant pressure from investors.
A look ahead at the expected movements in the crypto markets as Bitcoin demonstrates bullish patterns and various altcoins thrive.
Bitcoin remains stable above $111,000 as traders anticipate upcoming U.S. inflation data, while Altvest Capital aims to purchase $210 million in Bitcoin, marking a significant move for corporate treasury adoption in Africa.
Bitcoin is forming a bullish inverse head-and-shoulders pattern, suggesting a potential rise towards $120,000, as indicated by technical analysis.
A recent report indicates that despite high bitcoin treasury holdings, institutional purchase sizes are decreasing significantly.
This week in the cryptocurrency market was filled with notable recoveries and ongoing challenges as Bitcoin fluctuated around $112K ahead of significant job reports, while XRP and Solana showcased resilience amid evolving market dynamics.
Despite a decline from recent highs, Bitcoin's illiquid supply continues to increase, highlighting long-term holder confidence.
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