Bitcoin Price Falls Below $64K as US CPI Fails to Spark Breakout
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7 Articles
Bitcoin price falls below $64K as US CPI fails to spark breakout
Bitcoin price fell nearly 3% from an intraday high of $65,234 to $63,304 as an expected U.S. inflation report failed to push the asset beyond its established trading range. Bitcoin price action today According to data from crypto.news, Bitcoin (BTC)…
Bitcoin failed to react upwards after inflation data in the United States that, in principle, provided a favourable environment for risk assets. While the July ICC was broadly in line with expectations and the PPP recorded a monthly variation of 0.0%, compared to the expected 0.2%, US Treasury bond yields retreated and stocks advanced. However, Bitcoin remained trapped at around $63,000-$64.000, a reaction that focuses on a deeper problem than m…
The release of U.S. inflation data on August 12 did not give the markets the much-hoped positive signal. Indeed, we note a slowdown in price increases without forgetting the Fed's reserves on the economic trajectory. Bitcoin investors hesitate to adopt a policy of aggressive accumulation. The crypto market thus remains dependent on the next economic data and, above all, on how the Federal Reserve will choose to interpret them. The U.S. inflation…
In-Line CPI Data Offers Little Relief For Bitcoin, Analyst Says Surprise Needed For Rally
BitcoinWorld In-Line CPI Data Offers Little Relief for Bitcoin, Analyst Says Surprise Needed for Rally Bitcoin’s immediate downside risk has eased following the release of U.S. inflation data that matched market expectations, but a sustained price rally may require a deviation from consensus, according to Gabe Selby, Head of Research at CF Benchmarks. In an interview with CoinDesk, Selby noted that in three of the past nine inflation releases t…
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