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Crypto

U.S. consumer inflation jumps most in three years; bitcoin and ether hold up amid market jitters

U.S. May consumer prices posted the biggest annual rise in three years, stoking concerns the Federal Reserve could keep policy tight for longer. The CPI rose 4.2 percent from a year earlier and 0.5 percent from April, in line with expectations. Despite the data, cryptocurrencies pared losses and rebounded, with bitcoin edging up over 24 hours and ether and solana also rising. Analysts cited energy prices and geopolitical tensions as drivers.

Crypto

CryptoQuant says bitcoin is near a bottom but lacks demand to support a rebound

Bitcoin has moved closer to what analysts see as a bear-market bottom after briefly slipping below $60,000, but demand across spot and derivatives markets is weakening, CryptoQuant said. The on-chain analytics firm put bitcoin’s realised price at about $53,600, 13 percent below the current trading price of around $61,680. It said recent data point to the sharpest one-week demand destruction since January 2022, while spot bitcoin ETFs have seen cumulative outflows topping $4.8 billion since May 14.

Crypto

XRP nears eight-year support zone, will $13 target hold

XRP is moving back toward a key buying zone that has supported its downside for the past eight years, an analysis said. Analyst Ali Martinez sees the token retesting an uptrend support line in place since May 2017, with a core support range of $0.70 to $0.90. A chart resistance level at $3.32 is the next hurdle, he said. If XRP breaks above it, targets of $8.37 and $13.57 were cited.

All articles List

U.S. consumer inflation jumps most in three years; bitcoin and ether hold up amid market jitters

CryptoQuant says bitcoin is near a bottom but lacks demand to support a rebound

XRP nears eight-year support zone, will $13 target hold

Jim Cramer calls bitcoin and gold 'bad money' as funds shift to tech stocks

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KOSPI swings wildly day to day, drawing foreign focus as 'crypto-level' volatility

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Cardano founder 1.5 billion ADA sale allegation resurfaces

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