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Ethereum fell below $1,800 in today’s session, as markets continued to react to the latest U.S. consumer price index. Inflation in the United States fell to 4.9% in April, less than the 5% sum many had expected. Bitcoin was also lower on the data, falling below $27,000. Bitcoin Bitcoin (BTC) briefly dropped below $27,000 late … Read more
Bitcoin was not subject to U.S. government selling this week, analysis shows, but BTC price action remains pressured. Go to Source Powered by WPeMatico
The Bitcoin mempool, otherwise known as the network’s transaction backlog, is still clogged with over 390,000 transactions waiting to be processed by miners. To clear the mempool, more than 190 blocks need to be mined. As the scaling issues continue to plague the network, a conversation between former Bitcoin developer Gavin Andresen and the network’s … Read more
Bitcoin and select cryptocurrencies are trying to start a rebound following the CPI data release but bulls may find it difficult to continue the recovery at higher levels. Go to Source Powered by WPeMatico
Bitcoin joins altcoins in reacting strongly to CPI data coming in below estimates, with BTC price clawing back ground toward $30,000. Go to Source Powered by WPeMatico
Bitcoin was hovering close to a key price floor near $27,300 on Wednesday, as markets anticipated the upcoming U.S. inflation report. Consumer prices for last month are expected to remain at 5%, which could be seen as justifying the Federal Reserve’s decision to hike rates last week. Ethereum remained above $1,800. Bitcoin Bitcoin (BTC) continued … Read more
Bets are in for how BTC price action will react to the latest CPI print, with data favoring inflation dissipating in the coming months. Go to Source Powered by WPeMatico
Bitcoin transactions and fees are at high levels, and 400,000 of them are still unconfirmed on the blockchain. Go to Source Powered by WPeMatico
The growth in BRC-20 tokens comes just two months after the creation of the Bitcoin token fungibility protocol. Go to Source Powered by WPeMatico
It’s increasingly hard to find a bullish voice when it comes to short-term BTC price action. Go to Source Powered by WPeMatico