Bitcoin chases $70K as global tensions ease and crypto traders long the US elections
Bitcoin price rallies as traders react to geopolitical and economic uncertainty, as the potential outcome of the upcoming US election. Go to Source
PCE
Auto Added by WPeMatico
Crypto products post $726M outflows amid rate cut uncertainty
CoinShares expects that a 50 basis point cut is more likely if inflation comes in below expectations in the upcoming inflation report on Sept. 10. Go to Source
Crypto products hit with $305M outflow amid strong US economic data
CoinShares expects that crypto investment products will become “increasingly sensitive” to interest rate expectations in September. Go to Source
Bitcoin price keeps falling under $60K — Here is why
Many analysts say a drop in spot Bitcoin ETF demand is the primary reason for BTC’s price weakness, but there’s more to it than that. Go to Source
Bitcoin and altcoins fail to rally even as U.S. inflation cools down
For years analysts and traders have said cooling inflation would benefit the crypto market, yet prices are still down. Cointelegraph explains why. Go to Source
BTC price support ‘thinning’ below $60K while Bitcoin ignores cool PCE
BTC price performance offers little inspiration through the latest U.S. macro data, but concern is brewing among Bitcoin analysts over $60,000 support. Go to Source
Bitcoin derivatives turn bearish as traders anticipate sub $60K BTC price
Bitcoin derivatives data suggests that macroeconomic and crypto-specific factors are behind BTC’s recent drop below $60,000. Go to Source
Bitcoin price holds steady amid spot BTC ETF outflows and uptick in unfriendly regulation
Bitcoin price holds above $63,000 even as regulatory enforcement ramps up and spot BTC ETF outflows raise concern. Go to Source
Bitcoin eyes best November since 2020 as PCE fails to move BTC price
Bitcoin remains on track to seal its highest monthly close since May 2022, but BTC price is stubbornly rangebound. Go to Source
BTC price shrugs off strong PCE data as Bitcoin traders eye $28K range
Bitcoin traders expect downside as BTC price offers a muted reaction to the Fed’s “preferred” inflation metric. Go to Source Powered by WPeMatico
