Last night the market showed a bit of optimism, but it still remains within the area of signals that need close attention. BTC is slightly green, yet ETF inflows indicate caution. ๐
BTC is at $77,271.91, up 0.72%, but spot Bitcoin ETF funds recorded net outflows of about $332 million over the past three days. This goes against the previous streak of three weeks of inflows. ETH performed better, rising 2.77% to $2,514.89, even though ETF flows were also somewhat mixed.
Notably, the U.S. core CPI for August increased 0.3% MoM, higher than forecast, pushing the probability of a Fed rate hike to 60โ90% at the September 15โ16 meeting. Inflation pressure is still present as Brent crude prices remain above $100 per barrel. Total trading volume among the top 100 reached $5,904,916,021, not particularly unusual ๐งฎ.
As for altcoins, $SC bแบญt surged strongly by 21.76%, along with MINA up 18.25%, suggesting money is moving toward groups with their own stories. Conversely, TFUEL fell sharply by 19.17%, so closely monitor selling pressure.
BTC is at $77,271.91, up 0.72%, but spot Bitcoin ETF funds recorded net outflows of about $332 million over the past three days. This goes against the previous streak of three weeks of inflows. ETH performed better, rising 2.77% to $2,514.89, even though ETF flows were also somewhat mixed.
Notably, the U.S. core CPI for August increased 0.3% MoM, higher than forecast, pushing the probability of a Fed rate hike to 60โ90% at the September 15โ16 meeting. Inflation pressure is still present as Brent crude prices remain above $100 per barrel. Total trading volume among the top 100 reached $5,904,916,021, not particularly unusual ๐งฎ.
As for altcoins, $SC bแบญt surged strongly by 21.76%, along with MINA up 18.25%, suggesting money is moving toward groups with their own stories. Conversely, TFUEL fell sharply by 19.17%, so closely monitor selling pressure.
