Bitcoin Slips Below $84,000 as Tech Sell-Off Dampens Risk Appetite
Bitcoin's price fell on Tuesday, struggling to find upward momentum as a broad sell-off in global technology stocks soured investor sentiment toward higher-risk assets.
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Crypto
The latest crypto coverage from the TrustFinance editorial desk.
Latest in Crypto
EOS Surges Over 10% in Outlier Move Against Broader Crypto Market
The cryptocurrency EOS registered its largest single-day gain since early October, climbing more than 10% even as major assets like Bitcoin and Ethereum posted minor losses.
Bitcoin Trades Sideways Near $83,500 as Investors Await Key US Inflation Report
Bitcoin's price remained in a tight range as the broader cryptocurrency market saw modest losses. Investors are exercising caution ahead of the release of crucial U.S. consumer price index data, which could influence the Federal Reserve's next move on interest rates.
Bitcoin Slips Below $82,000 as Hawkish Fed Bets Weigh on Risk Assets
Bitcoin's price dipped on Wednesday, pressured by hotter-than-expected U.S. inflation data and a tech stock sell-off, despite a significant surge in bullish sentiment among crypto analysts.
Bitcoin Tumbles to One-Month Low as Hot Inflation Data Fuels Fed Rate Hike Bets
Bitcoin fell to its lowest level in nearly a month after a stronger-than-expected U.S. inflation report intensified fears of another Federal Reserve interest rate hike this year, triggering a broad crypto market sell-off.
EOS Plunges Over 10% in Largest Daily Drop Since February
The cryptocurrency EOS recorded a double-digit percentage loss on Thursday, marking its most significant single-day decline in months amid a broader sell-off in the digital asset market.
Binance.US Reportedly Seeks $100 Million in Funding at $1 Billion Valuation
The U.S.-based cryptocurrency exchange is reportedly pursuing a new funding round at a significantly lower valuation than in 2022 as it aims to regain market share and expand its operations.
US Producer Prices Surge 6.3%, Stoking Fed Rate Hike Fears and Splitting Markets
A hotter-than-expected U.S. Producer Price Index report for September has intensified concerns about persistent inflation, leading to a market rotation out of tech stocks and putting pressure on Bitcoin at the $82,000 level.
Bitcoin Reclaims $82,000 After PPI Shock, But $929M in Liquidations Signal Fragility
Bitcoin has recovered to the key $82,000 level following a sell-off triggered by U.S. inflation data, but a massive wave of leveraged liquidations raises questions about the rally's sustainability amid weak spot buying.