Bitcoin rebounded towards $82,000 after briefly slipping below $80,000. U.S. producer inflation hit 6.3%, well above the 5.3% forecast, while core inflation reached 5%. Inflation clearly didn't get the memo about cooling down.
Crypto traders suffered $930 million in liquidations over 24 hours, including $780 million in bullish bets. Ethereum bounced back above $2,400 after touching $2,350, while altcoins followed suit. US 10-year Treasury yields eased to 5.095%, offering some relief. Crypto's roller coaster remains firmly operational.
U.S. spot Ethereum ETFs recorded nearly $130 million in net outflows on Wednesday, signalling shaky institutional appetite. Buyers are defending key levels, but a lasting rally needs cooler inflation, a friendlier Fed and fresh inflows. For now, it's a rebound, not a victory lap.
#BTC $ETH
Crypto traders suffered $930 million in liquidations over 24 hours, including $780 million in bullish bets. Ethereum bounced back above $2,400 after touching $2,350, while altcoins followed suit. US 10-year Treasury yields eased to 5.095%, offering some relief. Crypto's roller coaster remains firmly operational.
U.S. spot Ethereum ETFs recorded nearly $130 million in net outflows on Wednesday, signalling shaky institutional appetite. Buyers are defending key levels, but a lasting rally needs cooler inflation, a friendlier Fed and fresh inflows. For now, it's a rebound, not a victory lap.
#BTC $ETH