Bitcoin drops below $80,000 as US inflation quickens
On May 13 bitcoin slipped below $80,000 as April PPI rose 1%, the highest since March 2022.
Bitcoin drops below $80,000 as US inflation quickens
On May 13 bitcoin slipped below $80,000 as April PPI rose 1%, the highest since March 2022.
US Inflation Rises to 3.8%, Bitcoin Remains Unmoved
The US Bureau of Labor Statistics reported a 3.8% year-on-year increase in the Consumer Price Index (CPI). The monthly figure for April rose by 0.6%.
Analysts see bitcoin emerging from its bear phase
On May 11 bitcoin tested $82,000, yet derivatives data suggest traders remain cautious.
Bitcoin briefly tests $82,000
On May 12 bitcoin briefly rose above $82,200. It hit the highest level since the start of the month.
Bitcoin Tests Support at $80,000 Amid Geopolitical Tensions
The price of the leading cryptocurrency fell below $80,000 amid US strikes on targets in Iran.
Bitcoin hits $82,000 as analysts expect the rally to continue
The price of the leading cryptocurrency rose above $82,000, a three-month high. K33 Research noted that prolonged pessimism is creating conditions for further gains.
Bitcoin Price Tests $81,000 Mark
The price of the leading cryptocurrency tested the $81,000 level, appreciating by 1.4% over the day.
Bitcoin Surpasses the Psychological Barrier of $80,000
On the morning of May 4, the price of the leading cryptocurrency rose to $80,500. A shift in the news landscape surrounding the conflict between the US and Iran was one of the growth drivers.
CryptoQuant Labels April Bitcoin Surge as Speculative
April's Bitcoin rally from $66,000 to $79,000 was driven by perpetual futures, while spot demand remained negative, CryptoQuant noted.
Bitcoin Faces Option Barrier at $80,000
The price of the leading cryptocurrency has encountered resistance around the $80,000 mark. According to Bloomberg, the growth is being held back by market participants' positions on the Deribit exchange.We use cookies to improve the quality of our service.
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