6 Articles
6 Articles
U.S. September CPI Rise Sends Bitcoin Lower
Featured image: A blue and white tiled wall with a table displaying a spreadsheet. AI-generated image; not a photograph of the reported event. The U.S. Consumer Price Index for September rose 0.6%, according to the Bureau of Labor Statistics. This marks an increase from August’s 0.4% and aligns with economic forecasts. Key Inflation Figures On a year-over-year basis, the CPI climbed to 3.7%, up from 3.4% in August. This is above the consensus es…
Bitcoin’s $80,000 buy wall hides a liquidation trap that could send prices toward $78,000
Bitcoin registered an intraday low of $81,514.28 on Oct. 14 as September CPI came in hotter than forecast, with headline inflation at 3.7% year over year against 3.6% expected and core at 2.6% against 2.5%. Glassnode's latest on-chain data...
Bitcoin's $80,000 buy wall hides a liquidation trap that could send prices toward $78,000
Bitcoin registered an intraday low of $81,514.28 on Oct. 14 as September CPI came in hotter than forecast, with headline inflation at 3.7% year over year against 3.6% expected and core at 2.6% against 2.5%. Glassnode's latest on-chain data suggests a calmer holder base than the price action. The harder test sits near $80,000, where… Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Cataly…
Bitcoin Price Slips as Saylor's Bull Market Call Meets Reality
Bitcoin’s price tapped an intraday low of $81,500 per coin on Wednesday, Oct. 14, as hotter-than-expected U.S. inflation data rattled financial markets and triggered a wave of leveraged liquidations. Roughly $331 million in cryptocurrency positions vanished over 24 hours, with bullish traders absorbing most of the damage. The sell-off offered an awkward counterpoint to Strategy […]
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