Bitcoin, Ethereum, XRP and Dogecoin Fall More Than 2%
Bitcoin fell 2% over 24 hours and traded near $81,500 as hotter-than-expected CPI data lifted expectations for further Federal Reserve rate hikes.
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Bitcoin fell 2% over 24 hours and traded near $81,500 as hotter-than-expected CPI data lifted expectations for further Federal Reserve rate hikes.
Bitcoin fell below $83,000, while Ethereum, XRP and Dogecoin also declined. The report cited elevated Treasury yields, a stronger dollar and uncertainty ahead of U.S. midterm elections.
Leading cryptocurrencies stayed resilient on Tuesday while rising government bond yields weighed on stock markets. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:30 p.m. EDT) Bitcoin (CRYPTO: BTC) -0.10% $83,320.14 Ethereum (CRYPTO: ETH) +0.20% $2,668.20 XRP (CRYPTO: XRP) +1.40% $1.49 Solana (CRYPTO: SOL) +1.90%
Bitcoin traded below $85,000 after failing to break $87,000 resistance, despite significant spot ETF inflows. The 10-year Treasury yield surged to its highest level since 2007 and traders now pricing in a nearly 60% chance of another 25-basis-point rate hike next month. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC)
Bitcoin traded around $76,574 as Ethereum, XRP and Dogecoin jumped; liquidations totaled $1.83 billion over 24 hours.
Leading cryptocurrencies lifted late on Wednesday after a House Committee moved forward with a bill to establish a Strategic Bitcoin Reserve. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:17 p.m. EDT) Bitcoin (CRYPTO: BTC) +1.27% $76,441.89 Ethereum (CRYPTO: ETH) +1.53% $2,429.43 XRP (CRYPTO: XRP) +2.08% $1.30
Leading cryptocurrencies tumbled on Tuesday as investors reacted to the CLARITY Act’s failure in the Senate and growing expectations of an interest-rate hike Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:26 p.m. EDT) Bitcoin (CRYPTO: BTC) -2.70% $75,843 Ethereum (CRYPTO: ETH) -4.46% $2,403.67 XRP (CRYPTO: XRP)
Leading cryptocurrencies slid after August producer prices rose 5.4% year over year, above economists’ expectations. Bitcoin dipped below $77,000 and crypto-linked stocks also weakened.
Bitcoin, Ethereum, XRP, Solana and Dogecoin trade lower as July CPI matches expectations, core inflation eases to 2.5%, and September hike odds fall to 40% from 48%.