Key Takeaways Bitcoin spiked to $79,837 on Friday after BLS reported August CPI data matching economists’ projections. Severe price swings triggered over $732M in total crypto liquidations, with shorts taking $424M in losses. Prediction market odds for a Fed rate hike rose to 82%, while Ray Dalio warned of stagflation risks. 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’ projections. Bitstamp data showed the cryptocurrency surged to $79,837 as the sudden spike put Bitcoin on course to breach $80,000. …
Bitcoin
Crypto
In XRP news Today, Ripple is trading near $1.35 on Thursday after falling more than -3% overnight. The pullback has brought the token toward its …
Bitcoin is approaching a critical point after spending the past several weeks digesting its powerful August rally. With the price slipping back toward the lower …
