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news-imageOctober 11, 2024

Bitcoin surfs US PPI overshoot as BTC price recovers from sub-$59K dip

Bitcoin appears to take a hot PPI print in its stride after a 4% BTC price recovery.
Publisher: Cointelegraph
Sentiment: Positive
BTC

More News Articles

Neutral
cover-imageUToday
October 11, 2024

Schiff vs. Roubini: Who's Bitcoin's Real ‘Dr. Doom'?

An unexpected discussion about the title of the most notorious Bitcoin critic emerged today, sparked by Peter Schiff's commentary on a new documentary on HBO. Schiff, a widely recognized figure in the Bitcoin (BTC) community as a main antagonist of the cryptocurrency, was quick to point out his conspicuous absence from the film.

Positive
cover-imageUToday
October 11, 2024

BlackRock Tops $11.5 Trillion in AUM, More Bitcoin Bets Ahead?

American multinational investment giant BlackRock has extended its lead as the world's dominant asset manager with an $11.5 trillion Asset Under Management (AUM) milestone. As revealed in its third-quarter earnings report, the company said its AUM jumped $2.4 trillion year-over-year, driven by net inflows of $456 billion and positive market movements.

Negative
cover-imageCoingape
October 11, 2024

US PPI Inflation Data Further Sparks Concern Over Bitcoin Dip Ahead

The highly awaited US Producer Price Index (PPI) data showed that inflation has come in hotter than expected at 1.8% in September, as compared to market expectations of 1.6%. This rising inflation figure, especially after the recent US CPI data, has sparked concerns in the market, over its potential impact on BTC and other crypto.

Neutral
cover-imageThe Currency Analytics
October 11, 2024

Bitcoin Set to Reach $67K as Major Liquidation Levels Loom

Bitcoin (BTC) is drawing considerable attention, particularly regarding its potential to hit the $67,000 mark. This price level has emerged as a focal point due to significant liquidation pools forming on major exchanges, suggesting that critical market movements could be on the horizon.

Positive
cover-imageThe Currency Analytics
October 11, 2024

Bitcoin's Bullish Q4 Narrative Boosted by FTX Repayment Developments

Bitcoin (BTC) approaches the final quarter of 2024, new insights from K33 Research suggest that developments in the ongoing FTX bankruptcy case could play a significant role in bolstering the cryptocurrency's price. This potential for a bullish trend arises amidst various market fluctuations, offering hope to investors as they navigate the current landscape.

Negative
cover-imageCrypto Economy
October 11, 2024

Bitcoin's Price Drop Triggers Massive Liquidations

TL;DR Bitcoin's Price Drop: Bitcoin's price fell by 3% to $58,900 after the latest CPI data release, causing market-wide concern. Massive Liquidations: The price drop led to approximately $196 million in Bitcoin liquidations, highlighting the market's volatility.

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