Bitcoin Slips to $64K, Ethereum Below $1,900 Amid Crypto Market Volatility
Renewed macro uncertainty and leveraged trading triggered the move, while analysts said Bitcoin faces selling near $65,000 and Ethereum has support around $1,860.
- Bitcoin slipped below $64,000 and Ethereum fell below $1,900 on Tuesday as crypto markets faced renewed selling pressure after failing to hold higher price levels.
- Rising oil prices, which climbed above $89 a barrel, fueled inflation concerns and dampened risk appetite amid macroeconomic uncertainty and leveraged positioning on Aug 11.
- Spot Bitcoin ETF recorded approximately $144 million in net outflows on Monday, ending a multi-day streak of institutional inflows that had supported the market.
- Traders are monitoring the $63,900 support level as a critical weekly midpoint; a break below could expose lower zones near $63,200 and $62,000.
- The Bureau of Labor Statistics will publish July Consumer Price Index data today, which could influence Federal Reserve policy expectations and Treasury yields affecting Bitcoin recovery.
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22 Articles
The cryptocurrency market is also showing weakness amid stalled negotiations between the U.S. and Iran over the Strait of Hormuz and inflation concerns stemming from rising international oil prices. According to CoinMarketCap, a cryptocurrency market data platform, as of 8:20 AM on the 12th, Bitcoin was trading at $63,527, down 0.61% from the previous day. Ethereum rose 0.33% to $1,878, while XRP fell 0.02% to $1.01
The bitcoin (BTC) operates in fall this Tuesday (11), negotiated at $64,000, while investors await new inflation data in the United States. The market reading is that the asset follows without force to break the recent trading band before a clearer signaling on American interest. At around 10:00, the bitcoin was traded at $64,303.51, with a 0.9% decrease in the last 24 hours, according to CoinGecko data. In reality, the asset worth R$329,168.75,…
Bitcoin price falls 2% as CPI puts $63.9K at risk
Bitcoin price fell below $64,000 on Aug. 11 as rising oil prices and uncertainty before the U.S. inflation report weakened risk appetite, leaving traders focused on whether the $63,900 support level can prevent a deeper correction. Bitcoin price drops below…
The Economic Times
Times of IndiaBitcoin slips to $64K, Ethereum below $1,900 amid crypto market volatility
Bitcoin slipped below the $64,000 mark and Ethereum fell below $1,900 on Tuesday as crypto markets came under renewed pressure amid macroeconomic uncertainty and leveraged positioning, triggering another bout of volatility. Bitcoin was trading at $63,906, while Ethereum stood at $1,871.
Bitcoin (BTC) is under pressure again. The price of the largest crypto asset slipped below USD 64,000, after previously hovering around USD 65,000. The US Consumer Price Index (CPI) is projected to decline slightly to 3.4% year-on-year (YoY) from 3.5% in June.
Bitcoin Perpetual Futures Trading Sinks to Three-Year Low as Market Enters 'Hibernation' Ahead of US CPI - CryptoGazette
Bitcoin perpetual futures trading has sunk to a three-year low as traders enter 'hibernation' ahead of the US CPI release, with BTC slipping toward $64,000. The post Bitcoin Perpetual Futures Trading Sinks to Three-Year Low as Market Enters ‘Hibernation’ Ahead of US CPI appeared first on CryptoGazette.
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