Bitcoin Traders Eye $82,500 Support Zone Ahead of US CPI, PPI Data
ETF outflows and inflation worries are keeping traders cautious as analysts say a hotter reading could push Bitcoin below $80,000.
- Bitcoin started the week by defending support at $82,500 ahead of Wednesday's Consumer Price Index report, with markets anticipating 3.7% year-on-year inflation.
- Bitget Wallet research analyst Lacie Zhang noted institutional demand appears uneven following roughly $681 million in weekly spot Bitcoin ETF outflows documented last week.
- Strategy executive Michael Saylor holds roughly 848,000 BTC valued near $70.5 billion, with analysts noting similar Sunday posts have often preceded confirmed weekly filings.
- President Donald Trump announced an 'energy ceasefire' between Russia and Ukraine, though President Volodymyr Zelenskyy said he was unaware of the agreement; WTI crude traded around $91.50 on Monday.
- Investors largely expect the Federal Reserve to avoid a second rate increase, with a softer inflation reading potentially supporting a rebound toward $86,000 while a stronger result might challenge those expectations.
17 Articles
17 Articles
Bitcoin faces $80K risk or $86K rebound on CPI: analysts
Bitcoin has rebounded above $83,000, according to ViaBTC’s Jeff Ko, as analysts have identified a drop below $80,000 or a recovery toward $86,000 as possible outcomes of this week’s U.S. inflation report. Jeff Mei, chief operating officer at BTSE, told…
Top-tier altcoins by market cap weaken together... Only a few like Chainlink show slight gains - With the November US midterm elections approaching, this week's volatility is a turning point due to factors such as remarks by Fed Chair Kevin Warsh. Bitcoin, the leader of the cryptocurrency market, [is [attaining] the release of major economic indicators]
Bitcoin Holds $82,500 as CPI Data and Fed Rate Odds Rattle Crypto Markets
Bitcoin isn’t moving much. But the tension underneath the surface is real. The world’s largest cryptocurrency closed its weekly candle… Read the original on Bitcoin Stays Above $82,500 as CPI Data Fuels Market Tensions. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
Bitcoin Price Faces CPI Reckoning as Analysts Eye $81,300 Support
Bitcoin’s price is hovering near $82,400 on Monday afternoon as Wall Street delivers a mixed performance across major indexes. Investors remain decidedly cautious ahead of pivotal U.S. inflation data scheduled for release later this week, including the consumer price index (CPI) and producer price index (PPI). Bitcoin Slips 1.5% as Crypto Liquidations Top $304 Million […]
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Cryptocurrency News | Cryptocurrency Prices | Market CapBitfinex Reports Bitcoin at Key Levels Ahead of CPI Data
Bitcoin is trading at $81,300 support and $84,340 resistance. Traders are cautious ahead of CPI data—explore the implications.
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