Latest Inflation Report: What It Could Mean For Bitcoin, Ethereum, And Solana...
Bitcoin (BTC) dropping below the $80,000 mark is starting to undo some of the optimism that followed a major step forward for the industry. After the Senate Banking Committee markup for the CLARITY Act on Thursday, the market’s gains have since faded. Now, fresh inflation data is arriving with a potentially heavier hand, and analysts say it could further cool sentiment that traders had hoped would carry into stronger price action. The concern is not limited to Bitcoin: the same macro pressure could spill into Ethereum (ETH) and Solana (SOL), where conditions often translate into sharper....
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Ethereum was trading higher on Friday, as market volatility eased, following the latest U.S. inflation report. Core inflation rose 0.6%, with consumer prices up to 8.2%, higher than the expected 8.1%. Despite this, traders seem to have breathed a sigh of relief, as the uncertainty surrounding the report has now passed. Bitcoin moved closer to $20,000 on the news.
Bitcoin
Bitcoin (BTC) moved towards the $20,000 level on Friday, as uncertainty in crypto markets eased, following the latest U.S. inflation report.
Despite consumer prices rising by more than expected,....
Americans are still very concerned about inflation as the latest Survey of Consumer Expectations (SCE) report from August indicates that U.S. consumers expect inflation to be 5.2% a year from now. The SCE response data hasn’t been this high since 2013, and it’s increased since the month prior, when U.S. residents expected 4.9% at the time. Month After Month, Consumer Inflation Expectations Continue to Climb Higher The cost of services and goods in the United States has risen a great deal and Americans have been worried about rising inflation. Citizens have good reason to....
Institutional investors last week dumped Bitcoin, Ethereum, and Solana for XRP. This came as BTC, ETH, and SOL recorded major outflows while XRP bucked the trend, with significant inflows. Institutions Offload Bitcoin, Ethereum, Solana For XRP A CoinShares report showed that Bitcoin, Ethereum, and Solana funds saw outflows of $1.27 billion, $589 million, and $156 […]
In the latest episode of the ongoing rivalry between blockchain protocols, Solana (SOL), often hailed as the Ethereum (ETH) killer, has once again launched a scathing critique against its competitor. Anatoly Yakovenko, the co-founder of Solana, took to the social network X (formerly known as Twitter) to voice his complaints and criticisms about Ethereum. Related […]
Galaxy Research has returned to the Solana governance arena with a fresh proposal that seeks to sidestep the deadlock that stymied last month’s SIMD‑228 vote on inflation. Published on GitHub on April 17 and titled “Multiple Election Stake‑Weight Aggregation (MESA) Vote for Reducing Inflation,” the document lays out a procedure that would let validators express […]