U.S. inflation in July was in line with expectations, leaving expectations for another Federal Reserve rate hike broadly unchanged. The Consumer Price Index (CPI) rose 0.1% in July from the previous month, compared with economists’ forecast for a 0.1% increase and June’s 0.4% decline. On a year-over-year basis, CPI rose 3.4%, in line with forecasts
Bitcoin price recovered above $64,000 on Aug. 12 after a leveraged-position flush drove $BTC into the $63,200 support zone ahead of key U.S. inflation data. Bitcoin price action today According to data from crypto.news, Bitcoin ($BTC) price was trading near $64,130 at the time of writing, up 0.83% on the daily candle after moving between
A group of cryptocurrency companies has urged frontier artificial intelligence (AI) labs to give Bitcoin developers early access to their most capable models. The letter, published by the Bitcoin Policy Institute (BPI) on Monday, said many digital asset defenders, including Bitcoin Core developers, lack access to lab cyber programs and can be blocked by guardrails
Bitcoin traded near $63,700 on Wednesday, Aug. 12, as most major cryptocurrencies edged higher ahead of the July U.S. inflation report. BTC was down about 0.6% over 24 hours at the time of writing, while Dogecoin and $BNB led gains among the largest assets. The subdued move follows another failed push above $65,000. Bitcoin briefly
Bitcoin perpetual futures trading volume on major exchanges Binance and Bybit has fallen to its lowest level since 2023, according to a recent report by crypto research firm K33 Research. The decline also extends to spot markets, where volume has dropped to levels not seen since February 2024. The data suggests a notable cooling in
Metaplanet, a Japanese company that places Bitcoin at the center of its institutional treasury strategy, has transferred a significant amount of $BTC. According to information reported by the on-chain data analytics platform Lookonchain, the company sent a total of 3,881 Bitcoin to external wallets in the last three hours. The total value of the transferred
The July U.S. consumer price index hits the wires Wednesday morning, and it is shaping up as a classic binary event for bitcoin and other cryptocurrencies. A hotter-than-expected number would strengthen the case for a Federal Reserve rate hike in September, push Treasury yields higher, and keep pressure on risk assets. A softer print would
Hashdex will stop trading its DEFI Bitcoin ETF after the Aug. 17 close, giving investors a final window to exit before the fund is liquidated. According to an SEC filing, investors who remain after trading ends will receive cash from the liquidation of its Bitcoin holdings by Aug. 28. The eventual payout will reflect the
Strategy said it held 840,447 $BTC as of Aug. 9 and has begun treating its Bitcoin reserve as a source of balance-sheet flexibility. Michael Saylor said Strategy sold $108 million in Bitcoin and $653 million in MSTR shares to increase its dollar reserve by $650 million, and repurchased $109 million of STRC, its variable-rate preferred
SkyBridge Capital founder Anthony Scaramucci agreed with Peter Schiff’s concerns on Tuesday about soaring U.S. debt and inflation, but favored Bitcoin over gold as the solution. Scaramucci Concerned Over US Financing Needs Scaramucci took to X to break down Schiff’s blog post on America’s fiscal outlook, highlighting elevated deficits and interest burdens. Scaramucci said Schiff’s