Bitcoin price holds near $83,300 ahead of today’s CPI data, while Ethereum trades around $2,500 and XRP trades at $1.37. Investors await U.S. inflation figures for September, with tomorrow’s PPI report adding another test for cryptocurrency markets and monetary expectations. Know when yourcoins moveAlerts, real-time prices, and market news — all in one app 4.8
After Bloomberg broke the news of a senior adviser to the chairman of the Commodity Futures Trading Commission (CFTC) intervening in an oil insider trading investigation, social media immediately accused well-connected insiders of using political access and financial derivatives to suppress the price of oil. According to oil analyst Paul Sankey, either the administration leaks
Bitcoin ($BTC) can still preserve its traditionally strong October performance, as onchain data points to a local $BTC price bottom forming. Key points: Onchain data suggested that Bitcoin could still end October strong, following historical patterns. Bitcoin exchange reserves remained 1.7% lower than in mid-September, while whales avoided selling. Apparent demand neared a transition to
U.S. inflation sped up more than expected in September, perhaps putting multiple Federal Reserve rate hikes back into play. The September Consumer Price Index rose 0.6%, according to a Wednesday morning report from the Bureau of Labor Statistics. That’s up from 0.4% in August, and in line with economist forecasts for 0.6%. On a year-over-year
Bitcoin’s recovery remains vulnerable as rising US Treasury yields and withdrawals from spot exchange-traded funds weaken demand. Crypto’s recent losses contrasted with resilient US equities, which benefited from expectations of strong third-quarter corporate earnings. https://twitter.com/wintermute_t/status/2109955625396351096 Know when yourcoins moveAlerts, real-time prices, and market news — all in one app 4.8 based on 40K reviews in
U.S. inflation is due at 8:30 a.m. ET. Economists surveyed by Dow Jones estimated September’s consumer price index rose 0.6% month-on-month and 3.6% year-on-year. Core CPI, which excludes volatile food and energy prices, is forecast to increase 0.2% from August and 2.5% annually. The numbers are widely watched for cues on how the Federal Reserve
Today at 4:00 p.m. New York time, the management of treasury company Evernorth Holdings will ring a symbolic closing bell at NASDAQ. The ceremony is timed to the start of trading in shares under the ticker XRPN following the merger with the SPAC platform Armada Acquisition Corp. II. With this step, Wall Street opens trading
The US Consumer Price Index (CPI) report and ASML earnings are the two major events to watch on October 14. The inflation data could influence expectations for Federal Reserve interest rates, while ASML’s results could affect semiconductor and AI stocks. Investors will look for signs of easing inflation and stronger chip demand to assess whether
Bitcoin recovered to $84,000 after briefly falling to $81,000, as buyers defended support ahead of today’s US Consumer Price Index (CPI) report. In the previous 15 CPI releases, Bitcoin traded higher 24 hours later in 12 cases. When inflation came in below expectations, $BTC closed higher the next day in eight out of nine cases.
Japanese Bitcoin company Metaplanet will issue zero-interest convertible bonds to reduce its secured loans and repurchase its own shares. Metaplanet, a Japan-based Bitcoin treasury company, is preparing to issue 52 billion yen worth of zero-interest convertible bonds to restructure its balance sheet. These bonds, equivalent to approximately $329 million, are set to mature in 2031.