Bitcoin price coils for the next move as investors await CPI Inflation data release
US Consumer Price Index (CPI) data release is almost here, slated for May 10 at 8:30 a.m. EST. All eyes in the market stand in anticipation, including the crypto market. Bitcoin price is pushing the breaks as investors wait for Federal Reserve’s (Fed) announcement that could determine the next move for BTC and the wider market.
Ethereum MEV-burn upgrade could reap big rewards for investors
Ethereum (ETH) developers plan to launch a new upgrade, christened MEV-burn, to solve the Miner Extractable Value (MEV) issue while further reducing Ethereum supply.
Shiba Inu price could be on the path to recovery after $2.5 billion SHIB slip into loss
Shiba Inu price has inched lower towards a key support line that truly acts as the last line of defense before SHIB enters uncharted territory. However, there is a chance that investors might deflect this possibility as their increasing unrealized losses might lead them to refrain from selling, providing the foundation for a recovery to take shape.
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Bitcoin consolidates after a new all-time high of $99,500
Bitcoin remains strong above $97,700 after reaching a record high of $99,588. At the same time, Ethereum (ETH) edges closer to breaking its weekly resistance, signaling potential gains. Ripple holds steady at a critical support level, hinting at continued upward momentum.
Sandbox hits fresh yearly high as on-chain metrics reach record highs
The Sandbox continued its rally and hit a fresh yearly high of $0.8680 in the early Asian session on Monday after surging over 121% last week. However, at the time of writing, SAND retraces and stabilizes around $0.7600.
Why is Dogecoin price down today?
Dogecoin (DOGE $0.4243) is retreating after reaching its highest levels since May 2021, suggesting a growing profit-taking sentiment among traders following Donald Trump’s win.
Shiba Inu holders withdraw 1.67 trillion SHIB tokens from exchange
Shiba Inu trades slightly higher, around $0.000024, on Thursday after declining more than 5% the previous week. SHIB’s on-chain metrics project a bullish outlook as holders accumulate recent dips, and dormant wallets are on the move, all pointing to a recovery in the cards.
Bitcoin: Rally expected to continue as BTC nears $100K
Bitcoin (BTC) reached a new all-time high of $99,419, just inches away from the $100K milestone and has rallied over 9% so far this week. This bullish momentum was supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale’s recent launch of the Bitcoin ETF options also fueled the rally this week.
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