Rising Yields, Oil Prices Leave Bitcoin Vulnerable Ahead of U.S. Inflation Report
11 Articles
11 Articles
Bitcoin operates close to stability on Friday (11), in the US$77,000 region, even after US consumer inflation accelerates in August and maintains a high interest rate on the radar by the Federal Reserve (Fed) next week. At around 10.50 a.m., bitcoin advanced 0.1% in 24 hours, to US$77.866.76, according to CoinGecko. In Brazil, cryptocurrencies were traded at R$397.501.21, with a 0.12% discharge, according to the CoinTrader Monitor. Institutional…
Bitcoin sinks to $77,000 as CPI lands with hike odds near 70%
Bitcoin Price Recovers to $78K as CPI Lands Close to Forecast Bitcoin News ETHNews
Key takeaways Bitcoin recovered toward $78,000 after the August CPI landed close to forecast. Core inflation was the only figure to top expectations; the rest came in as predicted. The week’s decline came before the report, driven by hot producer prices and rising oil. Traders still lean toward a Fed rate hike next week, keeping […]
Bitcoin Traders Brace for U.S. Inflation Data as Oil and Yields Climb
Bitcoin’s under pressure. Oil is climbing, Treasury yields are rising, and a U.S. inflation report is sitting right around the… Read the original on Bitcoin Faces Pressure as U.S. Inflation Data Looms Amid Rising Oil and Yields. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
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