Bitcoin risks worst October in six years following high US inflation data and S&P 500 correlation
Bitcoin (BTC) and the crypto market trended downward on Thursday as the US Consumer Price Index (CPI) data for September showed that inflation is rising again, reducing the already slim chances of the Federal Reserve cutting its interest rate by another 50 basis points in November.
Uniswap unveils Layer-2 solution Unichain as part of Optimism Superchain
Uniswap (UNI) saw double-digit gains on Thursday after unveiling the launch of its DeFi Layer-2 solution, Unichain. Unichain is built to provide seamless cross-chain transactions while scaling the Ethereum blockchain.
Ethereum Price Forecast: ETH could decline to $2,200 amid rising US inflation and exchange reserves
Ethereum (ETH) plunged 3.8% on Thursday following a hike in US inflation data and rejection near its 50-day Simple Moving Average (SMA).
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Bitcoin risks worst October in six years following high US inflation data and S&P 500 correlation
Bitcoin and the crypto market trended downward on Thursday as the US Consumer Price Index data for September showed that inflation is rising again, reducing the already slim chances of the Federal Reserve cutting its interest rate by another 50 basis points in November.
Uniswap unveils Layer-2 solution Unichain as part of Optimism Superchain
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Ethereum Price Forecast: ETH could decline to $2,200 amid rising US inflation and exchange reserves
Ethereum and the crypto market saw a second consecutive day of losses after the September US Consumer Price Index data came in stronger than expected. September's inflation fell to 2.4% — but above expectations of 2.3%.
Bitcoin: Is BTC sell-off over?
Bitcoin price declined over 6% this week until Friday as the escalation of the conflict between Iran and Israel added fuel to this sell-off. The decline was also supported by falling institutional demand for ETFs. BTC bulls seem to be holding strong at a critical support level.
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