-
Bitcoin News: CME Group Analysts Hint at $70k BTC Price Rally after US CPI
Bitcoin price hit a 23-day low of $58,901 on Oct 10, down 8.5% in the last 3-days, historical data suggests the latest US CPI report could spark instant BTC rebound. Bitcoin Price Wobbles Below $60k as CME Group Hints at another Fed Rate Cut: Bitcoin started October 2024 with strong momentum, buoyed by improving US macroeconomic conditions alongside other major risk assets. However, the bullish momentum weakened as market participants anticipated the release of the US inflation report on October 10. On that day, the US Bureau of Labor Statistics reported a 2.4% increase in the Consumer Price Index (CPI) for September ... (full story)
- Comments
- Subscribe
-
- Older Stories
From foxbusiness.com|Oct 10, 2024video As markets have embarked into the new frontier of cryptocurrency in recent years, the top federal agency that oversees financial services is admitting its crypto approach ...
From zerohedge.com|Oct 10, 2024Hotter than expected CPI (as food costs reignite) and ugly jobless claims data (somewhat affected by Hurricane Helene) signal stagflationary pressures may be returning... chart ...
From ninjatrader.com|Oct 10, 2024When trading futures, it’s important to familiarize yourself with technical indicators—measurements that can help you analyze and forecast trends and opportunities in the markets. ...
-
- Newer Stories
From home.treasury.gov|Oct 10, 2024Good afternoon and thank you to the Federal Reserve Bank of Chicago for hosting this event and inviting me to speak. Two years ago, Treasury published a report called The Future ...
From wto.org|Oct 10, 2024In the October 2024 update of “Global Trade Outlook and Statistics,” WTO economists note that global merchandise trade turned upwards in the first half of 2024 with a 2.3% ...
From thenationalnews.com|Oct 10, 2024OKX, one of the largest crypto exchanges in the world, has launched a platform for institutional and retail investors in the UAE, as the market is experiencing a bullish trend. ...
- Story Stats
- Posted: Oct 10, 2024 10:11pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 168
- Linked events:
