US Edition
Stock Market Today: Dow, S&P 500, Nasdaq Wobble After PPI Inflation Comes in Much Hotter than Expected - Overpasses For America
11 Articles
11 Articles
$1.05B Liquidation Tsunami Wrecks Crypto Bulls Following Hot US Inflation Data – Bull Run Over?
The crypto market’s euphoric bull run has been brutally shattered as over $1.05 billion in liquidations swept through digital assets following unexpectedly high U.S. inflation data. On August 14, the U.S. Bureau of Labor Statistics (BLS) released July Producer Price Index (PPI) data showing an annua...
US PPI Generates Shockwave as 3.3% Annual Rise Triggers Market Meltdown, Over $500 Million in Crypto Longs Liquidated
The crypto market took a nosedive, as roughly $1.04 billion in crypto positions were liquidated in 24 hours Out of that amount, around $538 million were long positions being wiped out in less than an hour Ethereum long traders had the biggest losses, with liquidations going over $177 million The Producer Price Index (PPI) for July rose 0.9% month-over-month, marking its largest monthly gain since May 2022. Year-over-year, PPI climbed 3.3%, which…
Bitcoin Fills CME Gap in Recent Crash to $118K
Bitcoin is rebounding to the $120,000 support level after a sharp drop which briefly filled a CME futures gap at $118,335, removing a key technical overhang. In a post on X, analyst Jelle described Bitcoin's move as a “sharp reaction” to the unexpected jump in the Producer Price Index (PPI), with Bitcoin dropping to clear recent lows before rebounding toward the $120,000 support level. Jelle Flags Volatility After PPI-Driven Sell-Off A chart s…
Recent developments in the cryptomarket1. US inflation shock: PPI rises to 3.3%The US producer price index (PPI) climbed to 3.3%, thus exceeding forecasts. This signals continued inflationary pressure and could delay Fed interest rate cuts.For risky investments such as Bitcoin, this is bearish in the short term, as tighter monetary policy reduces liquidity.2. $420 million crypto-liquidationsIn just 20 minutes, 420 million dollars were liquidated…
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