BTC price news: Bitcoin slips near $63,500 as traders look past CPI to Fed’s next tests
12 Articles
12 Articles
The bitcoin (BTC) operates in fall this Thursday (13), negotiated close to the US$ 63,000, even after new inflation data in the United States reduce some of the pressure on interest. The producer price index (PPI) was stable in July, below the high expectation of 0.2%, but the result was not enough to remove the cryptocurrency from the narrow band in which it is being negotiated. At around 10:30, the bitcoin was quoted at US$ 63,745.32, with a 0…
Bitcoin near $63K, Ethereum below $1,900 as softer US inflation fails to ease crypto market pressure
Bitcoin and Ethereum remained under pressure despite softer US inflation data, with analysts pointing to key support and resistance levels as markets await US PPI data for the next directional cue. Altcoins showed mixed moves, while subdued ETF flows and cautious investor sentiment continued to weigh on the broader crypto market.
BTC price news: Bitcoin slips near $63,500 as traders look past CPI to Fed’s next tests
An in-line inflation print removed a tail risk but gave BTC little reason to rally, leaving Jackson Hole, jobs data and the next CPI release as the market’s next catalysts.
Bitcoin got the inflation report it wanted: why is BTC still falling?
Bitcoin (BTC) slipped toward $63,700 on Thursday as an in-line US inflation report eased some monetary-policy concerns but failed to generate enough momentum for a sustained cryptocurrency rally.The leading cryptocurrency is down by less than 1%, with altcoins recording bigger losses during that period. US inflation matches market expectationsThe bearish performance comes as July’s US Consumer Price Index data arrived largely in line with econom…
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