Bitcoin Price Spikes Near $80K as CPI Matches Forecasts
Bitcoin briefly spiked to $79,837 following the release of August CPI data that matched projections, but volatile intraday trading triggered over $732 million in crypto liquidations. Volatile Trading Triggers $732M in Liquidations Bitcoin briefly reclaimed $79,000 Friday after the U.S. Bureau of Labor Statistics released August Consumer Price Index (CPI) data that aligned with economists’ […]
Key Takeaways
- Bitcoin briefly spiked to $79,837 following the release of August CPI data that matched projections, but volatile intraday trading triggered over $732 million in crypto liquidations.
- Volatile Trading Triggers $732M in Liquidations Bitcoin briefly reclaimed $79,000 Friday after the U.S.
- Bureau of Labor Statistics released August Consumer Price Index (CPI) data that aligned with economists’ […]
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in DeFi
Clearpool Targets XRP Ledger Credit Market With Token Overhaul
Clearpool plans to bring institutional lending infrastructure to the XRP Ledger while replacing CPOOL with a proposed CLEAR token. The overhaul would recapitalize its treasury and fund incentives intended to support the network expansion. Clearpool Links…
Solana Tokenized Stocks Hit Record $684M as Trading Surges
Tokenized equities on Solana have climbed to an all-time high of roughly $684 million as real-world assets, stock trading, and new launch platforms gain momentum. The surge is being reinforced by rising DEX activity and aggressive token buybacks. Solana Draws…
Bitcoin spikes toward $80K as US CPI data delivers new 22-year high in bond yields
Bitcoin briefly rebounded past $79,000 and US stocks turned green as US CPI inflation data met expectations.