cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Bitcoin Price Slumps to 7-Week Low After US PCE Inflation Data: Liquidations Skyrocket

-

by

cryptd.in
in

Bitcoin’s overall grim situation only worsened today as the asset just plunged to its lowest price level in over seven weeks at $108,100.

This came after the release of the US PCE data, which showed that overall prices increased by 2.6% in July.

These numbers were essentially in line with experts’ expectations and matched the previous month. However, core PCE inflation rose by 2.9%, which was slightly higher than in June.

The PCE data is the Federal Reserve’s preferred inflation measurement, and the percentage for July was higher than the central bank’s target. However, the difference is considered rather negligible, which should not deter the Fed from cutting the rates in September, as many anticipate.

Data from Polymarket shows that the current odds for a 25 bps rate in September remain at 81%, having surged after last week’s Powell speech.

Despite this, the cryptocurrency market reacted with an immediate and sharp drop. Bitcoin’s price had recovered some ground and briefly jumped to $111,800 before the bears resumed control of the market and pushed it south to $108,100, a seven-week low.

The primary cryptocurrency skyrocketed last Friday after the Jackson Hole speech, rising from $112,000 to over $117,000. However, it has lost all momentum and now struggles to remain above $108,000, while many speculate that the current bull run could be halted or at least paused for the moment.

BTCUSD. Source: TradingView
BTCUSD. Source: TradingView

The situation with the altcoins is similar or even worse. Ethereum is down by more than 3% and fights for $4,300, while XRP has dropped to $2.83. The total crypto market cap has erased $170 billion since yesterday’s peak and is down to $3.830 trillion.

This volatility has harmed over-leveraged traders, as the total value of wrecked positions is well above $500 million on a daily scale. More than 140,000 traders have been liquidated, with the single largest wrecked order taking place on OKX.

Liquidation Heat Map. Source: CoinGlass
Liquidation Heat Map. Source: CoinGlass

게시물 Bitcoin Price Slumps to 7-Week Low After US PCE Inflation Data: Liquidations Skyrocket 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (445) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (73) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.