Bitcoin Nears $81K as Inflation Data Boosts Rate Hike Bets
Bitcoin is testing $81,000 amid rising expectations for a potential Federal Reserve interest rate hike in October. The shift follows recent inflation data that exceeded forecasts.
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US Shifts to Bitcoin Net Importer, Chainalysis Reports
The United States has become a net importer of Bitcoin, reversing a previous trend and marking the first time since 2022 it has received more Bitcoin than it sent out, according to Chainalysis data.
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Bitcoin Slides to $80.1K Amid Korean Tech Sell-Off
Bitcoin retreated to $80,100 as the KOSPI index, a benchmark of South Korean stocks, experienced its largest single-day drop since April, falling 7.5% on Thursday. The move suggests continued sensitivity between crypto and regional equity markets.
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Bitcoin Slides Near $80K Amid Global Stock Sell-Off
Bitcoin traded near $81,200 after briefly dipping to $80,154, as a broad sell-off in Asian technology stocks rattled crypto markets. Technical indicators present a mixed outlook.
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Bitcoin ETFs See $261M Outflow, XRP Funds Show Weekly Inflow
Bitcoin-based exchange-traded funds experienced $261 million in outflows this week, continuing a trend of investor withdrawals. Funds focused on XRP, however, bucked the trend with net inflows.
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BlackRock's Fink Links AI Data Center Pause to Recession Risk
BlackRock CEO Larry Fink stated that a halt to data center construction in the U.S., spurred by energy demands, would likely trigger a recession. He also cited the $40 trillion national debt as a major concern.
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$950M Crypto Liquidations as Bitcoin, Ether, XRP Correct
A broad crypto market dip triggered nearly $950 million in liquidations over the past 24 hours, with Ether bearing the brunt of the selling pressure. XRP and Bitcoin also saw significant forced closures.
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Bitcoin Slides Below $81K Amid Rate Hike Jitters
Bitcoin retreated from recent highs, dipping below $81,000 as shifting expectations for Federal Reserve policy created headwinds for risk assets. Initial spikes in October rate hike probability have eased.
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Bitcoin Miner Stocks Fall as Much as 13% in Worst Day Since July
Shares of major Bitcoin mining companies tumbled as much as 13% on Thursday, marking the steepest daily decline since July. The selloff coincided with broader market pressure on AI-related infrastructure firms following inflation data.
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