The ECB hiked rates earlier Thursday, and U.S. core PPI was softer than expected, but still running hot.
This is a short WorldPing brief. The full report was published by CoinDesk.
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WorldPingBitcoin briefly rebounded past $79,000 and US stocks turned green as US CPI inflation data met expectations.
Brief by WorldPing · Original reporting by Cointelegraph
WorldPingRising yields, oil prices leave bitcoin vulnerable ahead of U.S. inflation report — full report at CoinDesk.
Brief by WorldPing · Original reporting by CoinDesk
Core CPI rose a faster-than-forecast 0.3% in August, but the yearly pace of 2.4% was in line and the slowest rate since early 2021.
Brief by WorldPing · Original reporting by CoinDesk
WorldPingBitcoin briefly spiked to $79,837 following the release of August CPI data that matched projections, but volatile intraday trading triggered over $732 million in crypto liquidations.
Brief by WorldPing · Original reporting by Bitcoin.com
WorldPingBitget analyst Lewis Huang noted the divergence between headline inflation accelerating on energy while core inflation continues to ease.
Brief by WorldPing · Original reporting by The Block
WorldPingBitcoin ETFs posted $282.56 million in net outflows on Thursday, extending their losing streak to three sessions as bitcoin traded near $77,000.
Brief by WorldPing · Original reporting by Bitcoin.com
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