Bitcoin slid to $117,400 after hotter-than-expected US PPI data dampened Fed rate cut hopes, sparking inflation fears and weighing on crypto and stocks.
Bitcoin slid to $117,400 after hotter-than-expected US PPI data dampened Fed rate cut hopes, sparking inflation fears and weighing on crypto and stocks.
Bitcoin’s drop from $124,000 to $117,500 sparked $227 million in liquidations, with traders showing neutral sentiment despite inflation data and Fed uncertainty.
Key takeaways Bitcoin hit a new all-time high of $124,457 a few hours ago as the broader crypto market rallied higher. BTC could be looking to continue its upward momentum and target the $130k mark next. BTC hits a new all-time high The cryptocurrency market has continued its positive trend after Monday’s slump. Bitcoin recovered from trading below $119k on Monday to set a new all-time high a few hours ago. The world’s leading cryptocurrency by market cap added over […]
US spot Ethereum exchange-traded funds drew $729.1 million in net inflows on Wednesday. BlackRock’s ETHA led with $500.9 million, followed by Fidelity’s FETH with $154.7 million. Standard Chartered’s Geoff Kendrick lifted his year-end ETH target to $7,500 from $4,000. US spot Ethereum exchange-traded funds drew $729.1 million in net inflows on Wednesday, the second-largest single-day haul since launch. BlackRock’s ETHA led with $500.9 million, followed by Fidelity’s FETH with $154.7 million, according to SoSoValue data. Four other spot Ethereum ETFs […]
Bitcoin rises 3.6% to $123,500 on speculation of a Federal Reserve rate cut. BPENGU presale enters final stages with tokens vanishing every 48 hours and price climbing 5%. Less than 15 days remain to join BPENGU presale before September 2 launch. Bitcoin climbed to new highs on Wednesday as investors bet the Federal Reserve might ease its policy soon. Both big investors and regular traders seemed encouraged, pushing the price upward. In the past 24 hours, Bitcoin went up about […]
Ripple CTO says XRPL’s maturity, low fees, and flexibility make it ideal for future global finance. XRPL offers a permissionless design with optional regulated features for broad financial use cases. Proof-of-Authority consensus gives XRPL fast, predictable settlement for institutional-grade payments. Ripple’s Chief Technology Officer (CTO), David Schwartz, has outlined how the XRP Ledger’s (XRPL) architecture and history position it as a competitive choice for powering future global financial systems. His remarks come as more payments and stablecoin companies develop their […]
Ethereum core dev Zak Cole lost funds after a malicious Cursor extension stole his private key, highlighting increasing wallet drainer attacks on builders.
Multiple technical setups suggest a potential XRP price rally toward $6 and above amid increasing futures open interest.
Bitcoin nears record highs as $126,000 emerges as a key breakout level, with $500 million in liquidations and Ether closing in on new territory.
Bitcoin and Ether look poised to hit new highs soon. Which altcoins could follow?