Bitcoin hung precariously around $30K after the latest CPI showed inflation cooling slightly. Ether recently traded at $1.9K. Investors are awaiting Ethereum’s Shapella upgrade, which is expected to go live late Wednesday. _jocelynyang_ reports
showed inflation cooling slightly, but not as much as economists had expected.
The largest cryptocurrency by market capitalization was recently at $30,030, off a few fractions of a percentage point over the past 24 hours, according to CoinDesk’s data. BTC’s price reached as high as $30,548 earlier Wednesday after the Bureau of Labor Statistics’ much-watched, inflation reading showed the CPI rising 0.1% increase in March, slower than economists' 0.2% forecast for the month and then February’s 0.4% reading.
BTC's profit-taking is"intensifying" following the report, Edward Moya, senior market analyst at foreign exchange Oanda, wrote in a Wednesday note. “It seems the momentum rally for Bitcoin might be over for now,” Moya wrote. “Inflation hedge and or a breaking of its correlation from equities might subside for a while.” He added that BTC looks poised to consolidate as"it will clearly need a robust catalyst to keep the rally going.”
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Bitcoin Holds Firm Above $30K, Ether Hovers Near $1.9K Ahead of CPI, Shapella UpgradeBitcoin held firm above $30,000 on Tuesday as investors awaited Wednesday’s U.S. Consumer Price Index for March and Ethereum’s Shapella upgrade. Ether recently traded around $1,895. _jocelynyang_ reports
Leer más »
Bitcoin Slips Under $30K, Ether Staking Tokens Take a Beating Ahead of Shapella UpgradeCrypto traders likely took profits ahead of two key developers scheduled for Wednesday: The U.S. Consumer Price Index (CPI) for March, and the much-awaited Shapella upgrade for ethereum. By shauryamalwa.
Leer más »
Ether-Bitcoin Ratio Likely to See Deeper Decline After Shapella Upgrade: QCP CapitalEther has underperformed bitcoin in the lead up to the Shapella upgrade, resulting in a 13.7% year-to-date decline in the ETH/BTC ratio.
Leer más »
JPMorgan, Fidelity differ on what Shapella means for ether priceEthereum is set for another major upgrade, but two of America's financial heavyweights disagree on what it means for ether.
Leer más »
Ripple Case Ruling Might Prove to Be Crypto's Biggest Week, John Deaton SaysPro-Ripple lawyer predicts XRP-SEC lawsuit ruling might be crypto's biggest week ever XRPArmy XRPHolders XRPCommunity XRP $XRP
Leer más »
Bitcoin Approaches $30K, Reaching Highest Price Since JuneBitcoin surged past $29.3K for the first time since last June, jumping about 4% over an hour-long period Monday. Investors now await the March Consumer Price Index on Wednesday to see if inflation has continued to wane. JPRubin23 writes
Leer más »