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Bitcoin, Ethereum Technical Analysis: BTC Under $27,000, ETH Hits 1-Month Low Ahead of US Inflation Report
12.10.2023
Bitcoin fell below the $27,000 level on Thursday, ahead of the upcoming inflation report in the United States. Consumer prices are expected to have risen by 3.6% in September, down 0.1% from the month prior. Ethereum plunged to a multi-week low. Bitcoin Bitcoin (BTC) fell for a fifth consecutive...
Bitcoin, Ethereum Technical Analysis: BTC Above $26,000 Ahead of US Inflation Report
13.9.2023
Bitcoin moved above the $26,000 level on Wednesday, ahead of the upcoming inflation report in the United States. Consumer prices for August are expected to come in at 3.6%, up from 0.4% the month prior. Core inflation on the other hand is forecasted to fall to 4.3%, from 4.7% in July. Ethereum...
Biggest Movers: LINK Retreats From 2-Week High, as XRP Drops 5%
10.8.2023
Chainlink declined from a recent two-week high on Thursday, as market uncertainty rose around the latest U.S. inflation report. As consumer prices rose to a reading of 3.2% in July, traders so far seem unsure on how to process this data. XRP fell by nearly 5% today. Chainlink (LINK) Chainlink...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Slip on Thursday, Despite Inflation Cooling Off in US
10.8.2023
Bitcoin retreated from a recent high on Thursday, in light of a much anticipated inflation report from the United States. The consumer price index declined to an annual rate of 3.2% last month, with core inflation falling to 4.7%. Ethereum also slipped into the red. Bitcoin Bitcoin (BTC) gave...
Bitcoin, Ethereum Technical Analysis: BTC Flatlines on Monday, as Market Volatility Continues to Fade
7.8.2023
Bitcoin started the week mostly flat, as market volatility remained near recent lows during today’s session. Traders appear to be on the sidelines ahead of Wednesday’s key inflation report from the United States. Ethereum mostly consolidated on Monday. Bitcoin Bitcoin (BTC) continued...
Bitcoin, Ethereum Technical Analysis: Bitcoin Consolidates Below $31,000, as Traders Digest Recent Economic Data
13.7.2023
Bitcoin retreated from recent gains on Thursday, as traders were unable to sustain a breakout of a key resistance level. Market volatility has risen following yesterday’s U.S. inflation report, which dropped to a two-year low. Ethereum was marginally lower, slipping below $1,900. Bitcoin...
Bitcoin, Ethereum Technical Analysis: Bitcoin Pushes Towards $31,000 as US Inflation Is Expected to Fall
12.7.2023
Bitcoin moved towards $31,000 on Wednesday, ahead of June’s inflation report from the United States. Consumer prices are expected to fall to 3.1%, down from May’s reading of 4.0%. Ethereum also edged higher, as the cryptocurrency closed in on the $1,900 mark. Bitcoin Bitcoin (BTC)...
Bitcoin, Ethereum Technical Analysis: BTC Remains Near $30,000, as Traders Prepare for Key US Economic Data
10.7.2023
After a recent slip, bitcoin moved back above $30,000 on Monday, ahead of a key week of U.S. economic data, with the headline being the inflation report. Inflation is expected to drop to 3.1% in June, which would be a nearly two-year low. Ethereum also slipped on Monday, remaining below $1,900....
Bitcoin, Ethereum Technical Analysis: BTC Above $26,000 Ahead of US Inflation Report
13.6.2023
Bitcoin rose above the $26,000 level on Tuesday, as markets prepared for the latest U.S. inflation figures. Consumer prices for May are expected to fall to 4.1% — double the Federal Reserve’s 2% target. Ethereum remained below $1,800. Bitcoin Ahead of the upcoming inflation report...
First Mover Americas: Bitcoin Dips Below $27K After Hot UK Inflation Report
24.5.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for May 24, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Bitcoin, Ethereum Technical Analysis: BTC Hovers Near Key Price Floor, Ahead of US Inflation Report
10.5.2023
Bitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report. Consumer prices for last month are expected to remain at 5%, which could be seen as justifying the Federal Reserve’s decision to hike rates last week....
Biggest Movers: XRP, SOL Move 5% Lower to Start the Week
8.5.2023
Xrp plunged to a six-week low on Monday, as cryptocurrency markets moved further into the red. The global crypto market cap fell by over 3% to start the week, which comes days ahead of the upcoming U.S. inflation report. Solana also declined, hitting a multi-week low. XRP Xrp, formerly known...
Bitcoin, Ethereum Technical Analysis: BTC Consolidates Around $30,000, Ahead of US Inflation Report
12.4.2023
Bitcoin consolidated around the $30,000 mark on Wednesday, as markets prepared for the release of the latest inflation report in the United States. Consumer prices in the U.S. are expected to fall to 5.2% in March, down from 6% the month prior. Ethereum also consolidated, dropping back below...
Bitcoin, Ethereum Technical Analysis: BTC Hits 9-Month High, as ETH Moves Above $1,700
15.3.2023
Bitcoin briefly surged to a nine-month high late on Tuesday, as prices moved above the $26,000 mark. Although prices have since declined, overall sentiment remains bullish following the latest U.S. inflation report. Consumer prices fell to 6% last month, with ethereum climbing above $1,700 as...
Biggest Movers: LTC Back Above $80, DOGE Extends Gains Following Inflation Report
14.3.2023
Litecoin rose by as much as 15% in Tuesday’s session, as markets reacted to the latest inflation report from the United States. Figures from the monthly Consumer Price Index showed that inflation has fallen to 6% in February, down from 6.4%. Dogecoin was also higher on the news, extending...
Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Gains Following US Inflation Report
15.2.2023
Bitcoin traded above $22,000 on Feb. 15, as markets continue to react to the latest U.S. inflation report. The consumer price index rose 0.5% in January, following a gain of 0.1% the month prior. Overall, the annual rate of inflation came in at 6.4%, which, although lower than December’s...
Bitcoin, Ethereum Technical Analysis: BTC Edges Closer to $22,000 Ahead of US Inflation Report
14.2.2023
Bitcoin rebounded in Tuesday’s session, as markets prepared for this afternoon’s U.S. inflation report. It is expected that the annual rate of inflation in the United States dropped to 6.2% in January, down 0.3% from the month prior. Ethereum also rallied, climbing back above $1,500....
Bitcoin, Ethereum Technical Analysis: ETH Hits 1-Month Low, Falling Under $1,500
13.2.2023
Ethereum started the week trading below $1,500, as it was reported that Paxos will no longer mint BUSD. This has led to a depegging of the stablecoin, and comes ahead of the upcoming U.S. inflation report, which is also adding to today’s volatility. Bitcoin edged lower on Feb. 13, as prices...
Bitcoin, Ethereum Technical Analysis: BTC Hits 2-Month High, Climbing Above $19,000
13.1.2023
Bitcoin continued to trade higher on Jan. 13, with prices racing above the $19,000 level, hitting a two-month peak in the process. The latest surge comes as traders continued to react to Wednesday’s U.S. inflation report, which dropped to 6.5%. Ethereum also rose today, hitting a fresh...
Bitcoin, Ethereum Technical Analysis: BTC Above $18,000, ETH Hits 2-Month High
12.1.2023
Bitcoin rose to a four-week high on Thursday, as price surged above $18,000 hours before the upcoming U.S. inflation report. This comes as many expect today’s figures to show a considerable drop in consumer prices. Ethereum also moved higher, climbing above $1,400 in the process. Bitcoin...