Market News
External events that may influence digital asset markets.
Coingape
The crypto market is awaiting the Fed rate decision to evaluate whether the central bank is considering a hike at its September gathering. Notably, the Wall Street banks have fueled concerns, raising their forecasts for the upcoming US PCE inflation data, which has further cemented bets on a potential Fed rate hike this month.
The Currency Analytics
Bitcoin and Ether both pushed higher after fresh inflation data landed with less drama than some traders feared.
Crypto Economy
Grayscale research chief Zach Pandl says hotter inflation could create a temporary speed bump for crypto as markets price a higher chance of another Federal Reserve rate hike. August CPI rose 0.4% monthly and 3.4% annually, while core inflation reached 2.4%.
UToday
Grayscale Head of Research Zach Pandl says the latest U.S. inflation data could create a temporary setback for cryptocurrency markets.
Coingape
Crypto market participants are bracing for US CPI inflation data today, with Bitcoin sliding almost 2% to below $77,000 ahead of the release. Recent oil price rebounds amid the US-Iran war are keeping traders uncertain about market direction.
Coingape
The crypto market today fell 2.18% to $2.62 trillion after hotter United States inflation data. Bitcoin price dropped below $77,000, while Ethereum slipped toward $2,470 and XRP price traded near $1.38.
Crypto Economy
Trump proposed a $5,000 dividend for every adult U.S. citizen if Republicans retain Congress, with an estimated cost of about $1.2 trillion. Analyst Mark Chadwick says the payment could ignite an “insane” altcoin season, while Peter Schiff warns the plan could increase inflation if financed through money creation.
BeInCrypto
The ECB just raised interest rates. For anyone holding a euro stablecoin, the return remains exactly the same: zero.
Bitcoin
Bitcoin slid below $77,000 to a daily low of $76,651 following a hotter-than-expected 0.4% monthly rise in the U.S. Producer Price Index. PPI Surprise Sparks Sell-Off Bitcoin's price slid below $77,000 Thursday after the U.S. Bureau of Labor Statistics released data showing a 0.4% monthly increase in the U.S. Producer Price Index.
BeInCrypto
Another hot US inflation report arrived on Thursday, September 10, and all financial markets took a hit, including Gold, Bitcoin, and the S&P 500.
AMBCrypto
Higher oil prices spurred fears of inflation acceleration, and the U.S. Federal Reserve rate hike probability has reached 60.2%.
AMBCrypto
Crypto enters September with strong institutional demand, but the rally faces a key macro test.