Crypto wrap: Bitcoin, Ethereum, BNB, Solana, and XRP muted after CPI report
Cryptocurrencies including Bitcoin, Ethereum, BNB, Solana, and XRP traded higher and then pared gains. Sentiment improved with the release of the US Consumer Price Index (CPI) report, but prices failed…
Ethereum price prediction amid ETF outflows and CPI anticipation
Ethereum price hovers near the key level of $4,000. Market data shows ETH spot exchange-traded funds recorded net outflows of over $128 million. Trader anticipation around US consumer price index…
Bitcoin eases from $122,000 high on profit-taking; CPI report looms
Bitcoin’s push toward new records was stopped by profit-taking, causing a price retreat from a high of $122,200 back to $118,500. A technical gap in the CME futures market between…
Algotech gains as Bitcoin spikes towards $64k on latest CPI report
Bitcoin price rose to near $64,000 as stock futures climbed. The upside came after US inflation data showed consumer prices rose less than expected in April. Algotech, a new crypto…
Market Ignores CPI Inflation Data as Scorching Crypto Rally Continues and Money Pours Into Presales
Cryptocurrencies boomed in recent weeks, especially $BTC which soared above $50,000 for the first time in 2 years, despite the release of a recent C.P.I. (Consumer Price Index) that came…
Crypto price prediction: Bitcoin, Ethereum and KAVA after CPI data
Bitcoin price broke to $28,200 while Ethereum hovered above $1,800 as stocks climbed on US CPI data. KAVA price also rose, jumping 11% amid the positive sentiment and increased network…
Bitcoin price prediction: Watch out for CPI event this week
Bitcoin price hovers above $28k with a ranged trading over the past month. Analyst Michael van de Poppe says the US consumer price index report out this week could be…
Bitcoin hits $26K as investors react to latest CPI data
Bitcoin price hit highs of $26,553 on Coinbase, with 16% upside in 24 hours. US inflation data showed CPI rose 6% in the past 12 months in February. On-chain data…
Bitcoin, stocks react to hotter-than-expected CPI data
Bitcoin price was trading sideways after hitting highs of $22,300, with major US indexes also down. The markets’ reaction comes after hotter-than-expected inflation data for the first month of 2023.…
Bitcoin awaits US CPI data; head and shoulders paints a bearish picture
The US CPI data is the main economic event of the trading week. Inflation has been the main driver of monetary policy for more than a year now; thus, every…