Bitcoin Rises Above $65,000 as Inflation Posts Its Largest Monthly Drop Since 2020
27 Articles
27 Articles
Bitcoin Rises Above $65,000 as Inflation Posts Its Largest Monthly Drop Since 2020
Bitcoin rose above $65,000 on Tuesday after US inflation data showed consumer prices cooling far more than expected in June, easing fears that the Federal Reserve will hike rates this month. Bitcoin traded as high as $65,100, up over 4% on the day. Ether, meanwhile, outran bitcoin, jumping nearly 7% to around $1,895. The Consumer Price Index fell 0.4% in June, the U.S. Bureau of Labor Statistics reported Tuesday, the largest one-month decline si…
The cryptocurrency market is rebounding, with the price of Bitcoin recovering to $64,000. Analysts suggest this is influenced by the fact that the U.S. Consumer Price Index (CPI) fell significantly below market expectations, reducing the likelihood of a benchmark interest rate hike. As of 8:45 AM on the 15th, the price of Bitcoin was recorded at $64,963 on the global cryptocurrency market site CoinMarketCap. This represents a 4.64% increase comp…
Bitcoin quote expands its mattress above the US$60,000 barrier by rubbing its biggest rise in three months after the biggest fall of ipc in the US since 2020
Bitcoin Price Eyes Breakout To $70K After Whale Momentum And Cooling US Inflation
Bitcoin is holding above an important support level as traders watch for a potential move toward $70,000. Rising whale activity and softer U.S. inflation data have improved market sentiment, although expectations of future Federal Reserve rate hikes continue to weigh on the outlook.
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