Bitcoin came under renewed selling pressure over the last 24 hours after hotter-than-expected US inflation data unsettled financial markets and increased expectations of further Federal Reserve tightening. The cryptocurrency dropped more than 1% shortly after the Consumer Price Index release, as traders reassessed the outlook for interest rates. The headline inflation surged to 3.7% year-over-year
Tokenized stocks on Base are changing the landscape of borrowing. According to Jesse, the financing markets are notably liquid, allowing users to access loans at rates 4-5% cheaper than traditional systems. This shift may encourage more users to embrace onchain solutions for their financial needs, as indicated in Jesse’s tweet. source Breaking It Down The
Abraxas Capital’s two hedging accounts on Hyperliquid have reportedly generated over $331 million in total profits. This substantial profit is indicative of the firm’s successful trading strategies, which currently include over $1.45 billion in short positions. The implications for the broader market dynamics are significant, as traders may look to replicate such strategies in a
In brief Bitcoin dipped to an intraday low under $81,000, extending losses after hotter-than-expected U.S. inflation data revived bets on a Fed rate hike. HashKey’s Tim Sun said slowing demand from spot ETFs and corporate Bitcoin treasuries explains the stalled rally more than macro factors alone. Algoz’s Stephen Wundke expects Bitcoin to trade between $76,000
On the 15th of October, the crypto markets were hit by a $957.77 million wave of liquidations. Notably, long positions accounted for 91.7% of the total, reflecting widespread forced selling. Over the last 24 hours, $878.07 million in leveraged longs were wiped out amid concerns over hotter-than-expected inflation and fears about Federal Reserve policy. The
Bitwise Chief Investment Officer Matt Hougan says Bitcoin may be in good shape whether the economy changes or not. His reasoning is based on the long-term growth prospects for Bitcoin, which he claims remain favorable regardless of economic developments, driven by AI integration, changes in monetary policy, and increased institutional investment. The asset will be
The global crypto market cap fell 3.2%, wiping out $89.36 billion to reach $2.71 trillion. Meanwhile, Bitcoin the pioneer cryptocurrency dropped from a 24-hour high of $83,700 to below $81,000 after U.S. inflation came in hotter than expected, raising the odds for a Fed rate hike to 44%. The market drop triggered nearly $1 billion
Bitcoin ($BTC) is approaching a critical support zone near $81,000 as selling pressure intensifies following hotter-than-expected U.S. inflation data. The latest decline has put the market’s accumulation trend to the test, with large holders adding Bitcoin even as institutional demand shows signs of weakness. Meanwhile, substantial withdrawals from Binance suggest some investors are moving $BTC
zkSync has reached an impressive milestone, with a congratulatory message from Vitalik Buterin highlighting this achievement. He noted that the focus for zkEVMs should now shift to enhancing security protocols. This development may lead to greater confidence in zkSync’s scalability solutions and its integration within the Ethereum ecosystem, potentially attracting more users and developers. What
Strategy (NASDAQ: MSTR) stock price has dropped to a near one-month low as focus shifts on whether the MSCI index will pass a proposal that could see Strategy removed from the index after the November rebalancing decision. Know when yourcoins moveAlerts, real-time prices, and market news — all in one app 4.8 based on 40K