Bitcoin held steady near $74,000 as Tuesday's hot inflation figure lifted the odds on a U.S. interest-rate increase to around 90%. ETF outflows extended to a fourth day and liquidations jumped.
This story was originally published by CoinDesk.
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The pain continues across the cryptocurrency market, with major assets like Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) suffering even deeper losses. Against this backdrop, it is worth examining…
Bitcoin fell to an 11-week low of $72,670 after slipping below short-term holders’ average cost basis of about $75,700, according to CryptoQuant.
October CPI rose 0.4% and core CPI rose 0.3%, both above forecasts. Core inflation matched the 0.3% level Fed Governor Christopher Waller flagged for a possible larger rate hike. Bitcoin fell to an…
CoreWeave’s revenue surge lifted AI infrastructure stocks and Nasdaq futures, while bitcoin was little changed over 24 hours.
