Bitcoin sinks to $77,000 as CPI lands with hike odds near 70%
5 Articles
5 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 […]
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