Bitcoin continued to slide on September 11, with markets reacting negatively despite positive U.S. macroeconomic data. BTC fell below $56,000, shedding over 3% as the U.S. Consumer Price Index (CPI) report for August showed inflation slowing, in line with expectations — 0.2% month-on-month and 2.5% year-on-year, according to the U.S. Bureau of Labor Statistics. The […]
U.S. inflation decreased to 2.5% in August, potentially setting the stage for the Federal Reserve to consider a gradual rate cut at its upcoming meeting. This decline follows a 2.9% inflation rate in July and is slightly below the 2.6% prediction from economists. The inflation figure, one of the last key economic indicators before the […]
Analysts predict that Bitcoin may experience one more significant dip before breaking out in October. According to popular crypto analyst Mags, the cryptocurrency’s chart patterns suggest that Bitcoin could see a final correction toward the $51,000 trendline before beginning its next upward move. In a post on Sept. 9, Mags stated: “Bitcoin — Last dip […]