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.
This is a short WorldPing brief. The full report was published by Bitcoin.com.
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WorldPingBitcoin Magazine Bitcoin Price Spikes, Shrugs off Hot US Inflation Data The price of bitcoin is up, despite the fact that an interest rate hike could be just around the corner.
Brief by WorldPing · Original reporting by Bitcoin Magazine
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
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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