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News
Bitcoin Stalls After CPI Surge: Is BTC Rally Momentum Losing Steam?
20+ hour, 41+ min ago (279+ words) Bitcoin traded near $79,387.86 on September 11, gaining 2.89% over 24 hours. The broader crypto market also advanced, lifting total market capitalization to $2.69 trillion. Annual core CPI slowed to 2.4%, reaching the lowest level in 66 months. Core CPI excludes food and energy from the inflation…...
Fed Rate Hike Odds Surge to 64% After Hotter-Than-Expected PPI | Bitget News
3+ day, 22+ hour ago (154+ words) The PPI — a measure of wholesale inflation — came in above consensus forecasts, immediately repricing rate expectations. Before the print, a hike at the September meeting was considered a minority probability. The data shifted that calculus sharply, pushing the likelihood past…...
The 10-year U.S. Treasury yield climbs to 4.8%, erasing the dividend advantage of utility stocks; the sector???s rebound depends on interest rate stabilization rather than technical signals.
1+ week, 7+ hour ago (359+ words) This technical indicator is widely tracked; it measures trend strength by comparing the current price of a stock to its average closing price over the past 200 trading days. A current reading near 25% indicates that weakness in the sector has spread…...
Bitcoin slides as strong jobs report revives chances of Fed rate hike
1+ week, 2+ day ago (500+ words) The US economy added 162,000 jobs in August, nearly three times the increase of 53,000 predicted by economists in a Dow Jones survey, according to a BLS report released on Friday. The unemployment rate held steady at 4.1%, in line with expectations, and…...
BTC Slips Below $63K Despite Cooling Inflation: Is More Downside Ahead?
3+ week, 5+ day ago (312+ words) Bitget BTC Slips Below $63K Despite Cooling Inflation: Is More Downside Ahead? - Bitcoin fell below $63,000 as sellers repeatedly rejected attempts to reclaim $65,000. - Technical indicators turned bearish, while rising long positions increased liquidation risks near $61,000. - BTC needs $63,220 support reclaimed, while August PCE…...