Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$115,046.00
1.23%$3,682.29
3.13%$2.99
2.25%$772.22
2.88%$168.39
3.69%$0.999803
0.00%$3,677.26
2.95%$0.337401
1.24%$0.205425
3.98%$0.740736
3.24%$114,878.00
0.88%$4,449.68
2.99%$38.02
0.85%$0.400798
2.51%$3.50
3.53%$3,956.65
2.94%$570.20
3.62%$16.69
3.17%$0.24509
4.27%$3,944.64
2.88%$1.001
0.05%$22.19
2.43%$119.59
0.83%$3,681.78
2.95%$8.99
-0.07%$3.29
4.32%$0.999458
-0.02%$0.00001238
3.49%$1.00
0.03%$115,008.00
1.14%$43.04
1.02%$9.74
3.18%$3.68
2.59%$286.37
-1.11%$4.36
2.24%$1.19
0.05%$0.144393
5.39%$0.00001055
4.91%$264.01
4.45%$0.606434
4.32%$344.38
1.25%$20.29
1.80%$2.49
3.14%$0.943792
3.89%$0.877854
-0.37%$4.25
0.23%$5.11
2.23%$45.29
0.33%$0.345719
0.99%$205.70
3.75%$0.088075
3.68%$1.00
0.00%$3,681.25
2.79%$0.03529275
7.46%$0.999471
-0.00%$0.244937
4.86%$0.227871
9.12%$0.02359626
4.03%$0.389899
3.26%$4.32
3.36%$4.57
-0.19%$16.50
1.03%$0.0000246
3.68%$1.062
0.02%$3.60
3.65%$0.968375
3.65%$8.87
2.98%$179.26
3.76%$5.88
-2.52%$4.95
1.57%$4,189.52
2.99%$0.080246
7.41%$0.652475
2.31%$0.291964
2.96%$0.02306587
1.64%$3,862.78
2.95%$2.39
3.93%$114,926.00
1.07%$108.41
1.99%$1.68
7.26%$0.092861
-0.34%$0.03092889
9.08%$0.475001
4.27%$0.99983
-0.01%$3,872.40
2.94%$1.00
0.08%$3,974.68
3.03%$10.49
-0.06%$3,932.84
2.98%$1.29
-0.54%$0.918091
3.24%$1.00
0.37%$12.93
2.18%$1.00
0.01%$0.693434
2.93%$1.66
3.26%$0.999874
0.00%$3,877.81
3.00%$0.00339106
5.91%$0.67079
3.78%$0.211752
5.98%$114,808.00
1.23%$0.00010793
5.36%$772.13
3.02%$190.20
3.83%$0.999616
-0.06%$0.376398
-4.41%$0.999767
0.03%$0.511538
4.00%$0.092297
4.23%$3,377.80
-0.05%$1.12
0.01%$2.74
7.81%$0.939595
1.67%$115,117.00
1.26%$117,095.00
2.67%$0.905823
5.26%$0.278405
1.40%$38.01
0.71%$0.530052
-1.99%$221.25
3.75%$26.25
2.90%$0.144509
3.33%$0.941877
5.00%$3,372.75
-0.02%$0.788516
4.42%$0.509685
2.46%$1.23
5.21%$3,683.72
3.15%$0.772088
4.66%$3,926.37
2.85%$3,838.84
2.93%$0.188867
4.59%$3,673.77
2.89%$2.67
4.33%$0.01471721
2.56%$0.01549704
3.43%$112.08
0.01%$0.999769
0.15%$1.079
-0.38%$0.763303
4.83%$4.01
5.09%$0.115928
4.64%$0.271175
4.04%$114,855.00
0.95%$3,682.40
3.03%$0.00000065
0.53%$1.001
0.20%$1.68
3.44%$1.85
3.51%$36.30
3.81%$0.00812499
0.32%$0.997718
-0.02%$0.359622
2.16%$0.481736
2.20%$3,913.99
2.88%$114,966.00
1.01%$3,682.37
2.95%$0.0000013
10.63%$115,252.00
2.12%$0.28335
3.59%$0.383577
2.82%$0.999887
0.03%$0.053799
5.57%$0.20468
3.44%$0.073158
-0.51%$4,059.91
3.09%$2.79
4.21%$25.76
1.28%$0.167909
2.12%$0.00578512
7.73%$0.996722
0.02%$0.489478
4.01%$4,033.70
2.96%$0.00526164
4.82%$0.479111
1.91%$0.00000123
3.94%$0.01385442
0.88%$8.36
10.19%$0.00000048
-0.04%$1.31
2.27%$0.570734
4.48%$0.601868
10.48%$0.118312
4.48%$0.00762332
4.83%$1.16
-0.03%$1.00
0.26%$6.75
3.64%$3,663.47
2.46%$1.033
6.53%$46.21
2.63%$10.77
0.01%$14.42
1.77%$3,680.01
2.97%$6.02
3.09%$0.02205548
-0.42%$0.387516
0.63%$14.61
3.81%$5.15
0.01%$1.096
0.00%$0.999758
-0.01%$1.002
-3.19%$0.997669
-0.23%$0.00002024
1.42%$0.999776
0.01%$0.0395319
3.58%$4,453.36
2.80%$0.322812
0.07%$2.29
2.75%$0.052547
3.95%$0.180775
-1.25%$0.03553773
10.23%$114,900.00
1.11%$0.267678
4.68%$0.079043
4.27%$22.40
-0.35%$0.146649
10.12%$1.15
5.75%$0.00709765
6.36%$184.81
3.88%$4.34
5.25%$0.510322
2.30%$37.98
1.13%$0.766121
-2.33%$0.131313
3.99%$22.19
2.06%$27.01
2.03%$114,911.00
1.24%$0.508189
1.91%$0.335035
1.92%$114,924.00
1.03%$0.00005888
3.35%$3,867.48
3.03%$0.22742
8.90%$122.47
1.91%$1.16
2.15%$0.03239283
0.26%$0.760919
2.47%$4,142.46
2.79%$0.999904
0.06%$0.00449816
9.11%$0.670985
3.20%$0.493479
-0.33%$0.999798
0.08%$0.673705
0.90%$0.00359283
5.16%$0.997604
0.03%$0.304316
6.26%Reading
Bitcoin has dropped following news that inflation in February was hotter than expected.
The price of the biggest digital asset by market cap is now down nearly 3% in 24 hours, according to CoinGecko. Its price stands at $70,920 per coin. Overnight, Bitcoin touched a new all-time high of slightly above $73,700.
Data from the Labor Department's Bureau of Labor Statistics showed on Thursday that the producer price index jumped 0.6% last month. It was expected to rise just 0.3%—meaning that inflation isn't going away just yet.
The index measures the change in the prices after they leave a manufacturer and is a key indicator of inflation.
Stocks didn't move much at first, but have since dropped lower. The S&P 500 is down by 0.2% while the tech-heavy Nasdaq has fallen nearly 0.2%. The Dow Jones Industrial Average is also down by about 0.3%. U.S. equities—particularly tech stocks—are "risk assets," and tend to drop on hot inflation data with cryptocurrencies.
Bitcoin to the moon? Some crypto data experts certainly think so. The price of Bitcoin is currently at $72,880, data from CoinGecko shows. Earlier on Wednesday, it hit another new all-time high price of over $73,600 per coin, continuing a recent string of upward surges. The new heights are down to the continued success of the spot BTC exchange-traded funds (ETFs), which are receiving record inflows amid rising demand from traditional investors. Bitcoin is said to be in price discovery mode righ...
Investors are hoping that the Federal Reserve will cut interest rates by May, but the central bank may keep them where they are if inflation doesn't come down in the world's largest economy.
Experts have told Decrypt that the price of Bitcoin would continue to surge if interest rates do come down.
Bitcoin and the wider crypto market has surged following the approval in January of spot Bitcoin exchange-traded funds, or ETFs, which let investors gain exposure to the cryptocurrency without actually having to hold and store it.
The funds have recorded huge inflows and trading day volumes. Net inflows this week for the 10 ETFs passed the $1 billion mark, and the funds now have over $60 billion in assets under management.
Edited by Andrew Hayward
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Crypto markets rebounded on Wednesday, led by gains for Bitcoin and Ethereum which reclaimed $115,000 and $3,600, respectively. BTC recently gained 1.3% over the past 24 hours, while ETH has jumped 2.8% in that timeframe. The second largest crypto asset’s rise comes after Ethereum ETFs snapped a streak of two consecutive days of outflows by bringing in more than $73 million on Tuesday, according to data from Farside Investors. Bitcoin ETFs extended their streak of outflows, albeit with net...
The crypto market continues its climb back upwards: Bitcoin and Ethereum are demonstrating resilience, with gains helping to propel the market as a whole back above $3.8 trillion. But there’s one coin making a much more impressive comeback way down on the list of the top 100 by market cap: the appropriately named PUMP, the native token of the Solana meme coin launchpad Pump.fun. While Bitcoin’s modest 2% gain to above $115,000 provides stability, it appears the real action is happening in Solana...
Buying shares in Ethereum treasuries is a better investment than buying ETH exchange-traded funds, an analyst wrote in a Wednesday note. Standard Chartered digital assets researcher Geoffrey Kendrick wrote Wednesday that treasuries are offering shareholders better value for money as the net asset value—the per share valuation of the asset in an ETF—is increasing compared to ETFs. "This normalisation of the net asset value multiple makes the treasury companies now very investable for investors s...